Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by Natixis Advisors LLC

Key Points

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Natixis Advisors LLC raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 22.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 523,037 shares of the network technology company's stock after purchasing an additional 96,581 shares during the period. Natixis Advisors LLC owned 0.08% of Palo Alto Networks worth $89,251,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Transce3nd LLC bought a new stake in Palo Alto Networks during the fourth quarter valued at about $25,000. Strategic Investment Solutions Inc. IL grew its holdings in 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 valued at $26,000 after purchasing an additional 55 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 in the last quarter. Kiely Wealth Advisory Group Inc. increased 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 worth $29,000 after buying an additional 75 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in Palo Alto Networks in the 4th quarter worth $29,000. Institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $200.86, for a total transaction of $24,258,665.64. Following the completion of the sale, the executive vice president owned 235,482 shares of the company's stock, valued at approximately $47,298,914.52. This represents a 33.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Aparna Bawa sold 526 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $190.00, for a total transaction of $99,940.00. Following the sale, the director directly owned 8,632 shares of the company's stock, valued at approximately $1,640,080. This represents a 5.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 569,248 shares of company stock worth $111,279,829 in the last 90 days. 2.50% of the stock is owned by insiders.

Palo Alto Networks Trading Down 1.6%

Shares of Palo Alto Networks stock traded down $2.76 during trading hours on Friday, reaching $170.84. The stock had a trading volume of 2,535,295 shares, compared to its average volume of 5,804,436. The firm has a market capitalization of $113.91 billion, a PE ratio of 97.50, a PEG ratio of 5.11 and a beta of 0.97. The stock's 50 day moving average is $196.32 and its 200 day moving average is $187.19. Palo Alto Networks, Inc. has a twelve month low of $142.01 and a twelve month high of $210.39.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Roth Capital assumed coverage on Palo Alto Networks in a research note on Thursday, May 15th. They issued a "neutral" rating and a $210.00 price target for the company. Guggenheim reiterated a "sell" rating and issued a $130.00 price target on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Northland Securities cut their price target on Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research note on Wednesday, May 21st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Monday, May 19th. Finally, HSBC upgraded Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 price target for the company in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.61.

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.