Palo Alto Networks, Inc. (NASDAQ:PANW) is David J Yvars Group's 10th Largest Position

David J Yvars Group lessened its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,779 shares of the network technology company's stock after selling 2,060 shares during the quarter. Palo Alto Networks accounts for 2.3% of David J Yvars Group's portfolio, making the stock its 10th largest position. David J Yvars Group's holdings in Palo Alto Networks were worth $2,863,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Transce3nd LLC purchased a new position in Palo Alto Networks in the 4th quarter worth about $25,000. Strategic Investment Solutions Inc. IL increased its stake in Palo Alto Networks by 64.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after buying an additional 55 shares during the period. Capital Advisors Ltd. LLC increased its stake in Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after buying an additional 79 shares during the period. Anchor Investment Management LLC increased its stake 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 buying an additional 78 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in Palo Alto Networks in the 4th quarter worth about $29,000. Institutional investors own 79.82% of the company's stock.

Analyst Ratings Changes

PANW has been the topic of several recent analyst reports. Stephens downgraded shares of Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. reduced their price target on shares of Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Rosenblatt Securities reissued a "buy" rating and set a $235.00 target price on shares of Palo Alto Networks in a research report on Tuesday, May 20th. Hsbc Global Res raised shares of Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 10th. Finally, HSBC raised shares of Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 target price on the stock in a research report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $208.00.

Palo Alto Networks Trading Down 0.7%

Shares of NASDAQ:PANW traded down $1.40 on Friday, hitting $196.27. 3,815,861 shares of the company were exchanged, compared to its average volume of 5,484,807. Palo Alto Networks, Inc. has a 1-year low of $142.01 and a 1-year high of $208.39. The stock's 50 day moving average price is $184.15 and its 200 day moving average price is $185.06. The firm has a market capitalization of $130.87 billion, a P/E ratio of 110.58, a price-to-earnings-growth ratio of 5.64 and a beta of 0.97.

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. The company had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.28 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The firm's quarterly revenue was up 15.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. On average, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Monday, April 7th. The shares were sold at an average price of $151.13, for a total value of $18,252,574.62. Following the completion of the transaction, the executive vice president now owns 321,774 shares of the company's stock, valued at approximately $48,629,704.62. The trade was a 27.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction on Friday, April 11th. The shares were sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,543,516 shares of the company's stock, valued at $586,132,981.56. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 789,736 shares of company stock valued at $139,837,528. Corporate insiders own 2.50% of the company's stock.

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.