Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Holdings Increased by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 26.5% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,200 shares of the network technology company's stock after purchasing an additional 3,600 shares during the quarter. Palo Alto Networks accounts for 1.9% of Generali Investments Towarzystwo Funduszy Inwestycyjnych's portfolio, making the stock its 15th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych's holdings in Palo Alto Networks were worth $2,935,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Transce3nd LLC purchased a new stake in shares of Palo Alto Networks in the fourth quarter worth approximately $25,000. Strategic Investment Solutions Inc. IL raised its position 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 acquiring an additional 55 shares in the last quarter. Anchor Investment Management LLC raised its position in 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 valued at $28,000 after acquiring an additional 78 shares in the last quarter. Capital A Wealth Management LLC bought a new position in Palo Alto Networks during the fourth quarter valued at approximately $29,000. Finally, HWG Holdings LP bought a new position in Palo Alto Networks during the first quarter valued at approximately $31,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palo Alto Networks

In related news, Director Aparna Bawa sold 526 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $190.00, for a total value of $99,940.00. Following the completion of the transaction, the director directly owned 8,632 shares of the company's stock, valued at $1,640,080. This trade represents a 5.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $189.27, for a total value of $22,858,894.98. Following the completion of the transaction, the executive vice president directly owned 293,010 shares of the company's stock, valued at approximately $55,458,002.70. This trade represents a 29.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 569,248 shares of company stock valued at $111,279,829 over the last 90 days. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $172.88 on Friday. The stock has a market cap of $115.28 billion, a P/E ratio of 98.79, a price-to-earnings-growth ratio of 4.83 and a beta of 0.95. Palo Alto Networks, Inc. has a one year low of $142.01 and a one year high of $210.39. The stock has a fifty day moving average price of $196.04 and a 200 day moving average price of $187.29.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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. KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research report on Tuesday. Wells Fargo & Company raised their price objective on shares of Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, TD Securities reaffirmed a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research 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-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $209.61.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.