Strategic Global Advisors LLC Has $2.92 Million Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Strategic Global Advisors LLC decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 16,064 shares of the network technology company's stock after selling 1,669 shares during the period. Strategic Global Advisors LLC's holdings in Palo Alto Networks were worth $2,923,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PANW. Strategic Investment Solutions Inc. IL lifted its stake in shares of Palo Alto Networks by 64.0% in the fourth 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 last quarter. SJS Investment Consulting Inc. grew its holdings in Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock valued at $25,000 after buying an additional 69 shares during the last quarter. Rakuten Securities Inc. increased its position in Palo Alto Networks by 8.4% in the 4th quarter. Rakuten Securities Inc. now owns 906 shares of the network technology company's stock worth $165,000 after buying an additional 70 shares during the period. Cedar Mountain Advisors LLC lifted its holdings in shares of Palo Alto Networks by 70.3% during the fourth quarter. Cedar Mountain Advisors LLC now owns 172 shares of the network technology company's stock worth $31,000 after buying an additional 71 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Palo Alto Networks by 16.9% in the fourth quarter. Quarry LP now owns 511 shares of the network technology company's stock valued at $93,000 after acquiring an additional 74 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Up 0.1%

NASDAQ:PANW traded up $0.18 during trading hours on Tuesday, hitting $194.48. 9,202,119 shares of the stock were exchanged, compared to its average volume of 5,679,412. The company's 50 day moving average is $178.03 and its two-hundred day moving average is $185.32. The company has a market capitalization of $128.77 billion, a P/E ratio of 109.57, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02. Palo Alto Networks, Inc. has a twelve month low of $142.01 and a twelve month high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The company's quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 EPS. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Westpark Capital reaffirmed a "hold" rating and set a $196.40 target price on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Citigroup upped their price objective on shares of Palo Alto Networks from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Hsbc Global Res upgraded shares of Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 10th. JMP Securities boosted their price target on Palo Alto Networks from $208.00 to $212.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price objective on shares of Palo Alto Networks in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $203.46.

Insider Activity at Palo Alto Networks

In other news, CEO Nikesh Arora sold 227,414 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $172.73, for a total value of $39,281,220.22. Following the transaction, the chief executive officer now owns 317,571 shares of the company's stock, valued at $54,854,038.83. This represents a 41.73% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $165.41, for a total value of $16,541,000.00. Following the completion of the transaction, the executive vice president now owns 3,543,516 shares in the company, valued at $586,132,981.56. This represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 568,962 shares of company stock worth $96,933,690 over the last ninety days. Company insiders own 2.50% of the company's stock.

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.