Palo Alto Networks, Inc. (NASDAQ:PANW) Position Increased by Mirador Capital Partners LP

Mirador Capital Partners LP lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 7.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 39,112 shares of the network technology company's stock after acquiring an additional 2,841 shares during the period. Palo Alto Networks makes up approximately 1.2% of Mirador Capital Partners LP's investment portfolio, making the stock its 19th largest holding. Mirador Capital Partners LP's holdings in Palo Alto Networks were worth $6,674,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Transce3nd LLC acquired a new stake in shares of Palo Alto Networks during the fourth quarter worth about $25,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Palo Alto Networks by 64.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after purchasing an additional 55 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Palo Alto Networks by 265.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 106 shares during the period. Capital Advisors Ltd. LLC lifted its holdings in shares of Palo Alto Networks by 102.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after purchasing an additional 79 shares during the period. Finally, Anchor Investment Management LLC lifted its holdings in shares of Palo Alto Networks by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company's stock worth $28,000 after purchasing an additional 78 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on PANW shares. Wells Fargo & Company boosted their price target on Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Susquehanna boosted their price target on Palo Alto Networks from $217.50 to $230.00 and gave the company a "positive" rating in a report on Tuesday, February 18th. 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. Roth Capital assumed coverage on Palo Alto Networks in a report on Thursday, May 15th. They issued a "neutral" rating and a $210.00 price target for the company. Finally, Sanford C. Bernstein set a $225.00 price objective on Palo Alto Networks and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Two 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $208.00.

Palo Alto Networks Stock Performance

Shares of PANW stock traded up $3.53 during trading hours on Thursday, reaching $197.60. The company had a trading volume of 1,684,823 shares, compared to its average volume of 5,531,761. Palo Alto Networks, Inc. has a twelve month low of $142.01 and a twelve month high of $208.39. The company has a market capitalization of $131.76 billion, a P/E ratio of 111.32, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02. The stock's fifty day simple moving average is $179.38 and its 200 day simple moving average is $185.03.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The business had revenue of $2.29 billion during the quarter, compared to analyst estimates of $2.28 billion. During the same quarter last year, the firm earned $0.66 earnings per share. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In related news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $193.36, for a total value of $19,336,000.00. Following the completion of the transaction, the executive vice president now owns 3,343,516 shares of the company's stock, valued at approximately $646,502,253.76. This represents a 2.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Nikesh Arora sold 227,414 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $172.73, for a total value of $39,281,220.22. Following the completion of the transaction, the chief executive officer now directly owns 317,571 shares of the company's stock, valued at $54,854,038.83. This represents a 41.73% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 668,962 shares of company stock worth $116,269,690. 2.50% of the stock is currently owned by corporate insiders.

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.