1,298 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Purchased by OMNI 360 Wealth Inc.

OMNI 360 Wealth Inc. purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,298 shares of the network technology company's stock, valued at approximately $221,000.

Other institutional investors have also added to or reduced their stakes in the company. Personal CFO Solutions LLC increased its position in shares of Palo Alto Networks by 16.5% in the first quarter. Personal CFO Solutions LLC now owns 1,361 shares of the network technology company's stock worth $232,000 after purchasing an additional 193 shares during the last quarter. Valeo Financial Advisors LLC raised its position in shares of Palo Alto Networks by 11.4% in the 1st quarter. Valeo Financial Advisors LLC now owns 32,767 shares of the network technology company's stock worth $5,593,000 after purchasing an additional 3,357 shares during the last quarter. Robocap Asset Management Ltd increased its holdings in Palo Alto Networks by 16.4% in the 1st quarter. Robocap Asset Management Ltd now owns 40,690 shares of the network technology company's stock worth $6,943,000 after buying an additional 5,744 shares in the last quarter. BXM Wealth LLC bought a new stake in shares of Palo Alto Networks during the 1st quarter valued at about $215,000. Finally, Stratos Investment Management LLC purchased a new position in shares of Palo Alto Networks during the 1st quarter valued at about $212,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PANW. TD Securities reaffirmed a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, May 21st. Hsbc Global Res upgraded Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 10th. Stephens cut Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Wells Fargo & Company raised their target price on Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Finally, Guggenheim reissued a "sell" rating and issued a $130.00 price objective 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 issued a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus price target of $208.00.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh D. Paul sold 600 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $204.00, for a total value of $122,400.00. Following the completion of the transaction, the chief accounting officer directly owned 41,433 shares of the company's stock, valued at $8,452,332. This represents a 1.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Aparna Bawa sold 526 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $190.00, for a total transaction of $99,940.00. Following the transaction, the director directly owned 8,632 shares of the company's stock, valued at $1,640,080. This represents a 5.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 669,248 shares of company stock valued at $127,820,829. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Performance

PANW stock traded down $13.99 during midday trading on Thursday, reaching $192.07. 9,189,677 shares of the company's stock traded hands, compared to its average volume of 5,399,686. The firm has a market capitalization of $128.07 billion, a PE ratio of 109.75, a price-to-earnings-growth ratio of 5.69 and a beta of 0.97. Palo Alto Networks, Inc. has a 52 week low of $142.01 and a 52 week high of $208.39. The company has a 50-day moving average price of $194.93 and a two-hundred day moving average price of $185.76.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, topping the consensus estimate 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 prior year, the firm posted $0.66 earnings per share. The business's quarterly revenue was up 15.3% on a year-over-year basis. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks Company 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.