Kintegral Advisory LLC Trims Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Kintegral Advisory LLC trimmed its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 32.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,187 shares of the network technology company's stock after selling 3,033 shares during the quarter. Kintegral Advisory LLC's holdings in Palo Alto Networks were worth $1,056,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Transce3nd LLC bought a new stake in Palo Alto Networks in the fourth quarter worth about $25,000. Strategic Investment Solutions Inc. IL grew its stake in shares of Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after acquiring an additional 55 shares during the period. Anchor Investment Management LLC increased its holdings in Palo Alto Networks by 100.0% in the 4th quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company's stock worth $28,000 after acquiring an additional 78 shares during the last quarter. Kiely Wealth Advisory Group Inc. raised its stake in Palo Alto Networks by 100.0% in the 4th quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company's stock valued at $29,000 after acquiring an additional 75 shares during the period. Finally, Capital A Wealth Management LLC purchased a new stake in Palo Alto Networks during the fourth quarter valued at about $29,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW traded up $4.53 during mid-day trading on Friday, hitting $201.50. 2,561,725 shares of the stock traded hands, compared to its average volume of 5,398,532. The company has a market cap of $134.36 billion, a price-to-earnings ratio of 115.14, a PEG ratio of 5.63 and a beta of 0.97. The stock has a fifty day moving average price of $193.80 and a 200-day moving average price of $185.44. Palo Alto Networks, Inc. has a 52 week low of $142.01 and a 52 week high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Tuesday, May 20th. The network technology company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The firm had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.28 billion. During the same quarter in the previous year, the business posted $0.66 EPS. The company's quarterly revenue was up 15.3% on a year-over-year basis. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $198.66, for a total value of $19,866,000.00. Following the completion of the transaction, the executive vice president owned 3,243,516 shares of the company's stock, valued at approximately $644,356,888.56. The trade was a 2.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president owned 101,135 shares in the company, valued at $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 668,722 shares of company stock worth $121,714,798. Corporate insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

PANW has been the topic of several research reports. HSBC raised shares of Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 price target on the stock in a research report on Thursday, April 10th. Roth Capital began coverage on shares of Palo Alto Networks in a report on Thursday, May 15th. They issued a "neutral" rating and a $210.00 price target on the stock. Rosenblatt Securities reiterated a "buy" rating and issued a $235.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, May 20th. KeyCorp reissued an "overweight" rating and set a $220.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, TD Securities reissued a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $208.00.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.