Seaview Investment Managers LLC Acquires New Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Seaview Investment Managers LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 1,519 shares of the network technology company's stock, valued at approximately $259,000.

Several other large investors also recently bought and sold shares of PANW. Transce3nd LLC acquired a new position in Palo Alto Networks in the 4th quarter valued at about $25,000. Strategic Investment Solutions Inc. IL boosted its holdings 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 valued at $26,000 after purchasing an additional 55 shares during the last quarter. Anchor Investment Management LLC boosted its holdings 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 valued at $28,000 after purchasing an additional 78 shares during the last quarter. Capital A Wealth Management LLC acquired a new position in Palo Alto Networks in the 4th quarter valued at about $29,000. Finally, HWG Holdings LP acquired a new position in Palo Alto Networks in the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $176.86 on Thursday. The firm's fifty day moving average price is $192.92 and its 200 day moving average price is $186.63. The company has a market capitalization of $117.93 billion, a price-to-earnings ratio of 101.06, a price-to-earnings-growth ratio of 4.16 and a beta of 0.94. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, May 20th. The network technology company reported $0.80 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate 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 revenue was up 15.3% on a year-over-year basis. During the same period last year, the firm posted $0.66 EPS. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 800 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $201.05, for a total transaction of $160,840.00. Following the transaction, the chief accounting officer directly owned 42,033 shares in the company, valued at $8,450,734.65. The trade was a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 669,248 shares of company stock worth $126,423,337. Insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Stephens lowered shares of Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. Roth Capital assumed coverage on shares of Palo Alto Networks in a report on Thursday, May 15th. They issued a "neutral" rating and a $210.00 price objective on the stock. Finally, Northland Securities decreased their price objective on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating on the stock in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus target price of $217.01.

About Palo Alto Networks

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.

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