Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by Telos Capital Management Inc.

Telos Capital Management Inc. lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 5.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,813 shares of the network technology company's stock after purchasing an additional 2,893 shares during the quarter. Palo Alto Networks comprises approximately 1.1% of Telos Capital Management Inc.'s portfolio, making the stock its 22nd biggest position. Telos Capital Management Inc.'s holdings in Palo Alto Networks were worth $10,206,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PANW. Brighton Jones LLC raised its stake in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bank Pictet & Cie Europe AG grew its holdings in Palo Alto Networks by 115.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock worth $8,004,000 after acquiring an additional 23,586 shares during the period. Proficio Capital Partners LLC grew its holdings in Palo Alto Networks by 215.8% during the fourth quarter. Proficio Capital Partners LLC now owns 2,416 shares of the network technology company's stock worth $440,000 after acquiring an additional 1,651 shares during the period. Personal CFO Solutions LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $213,000. Finally, AlphaQuest LLC grew its holdings in Palo Alto Networks by 8.5% during the fourth quarter. AlphaQuest LLC now owns 2,828 shares of the network technology company's stock worth $515,000 after acquiring an additional 221 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Down 2.4%

Shares of Palo Alto Networks stock traded down $4.68 during trading hours on Friday, reaching $187.39. The stock had a trading volume of 7,403,780 shares, compared to its average volume of 5,419,524. The firm has a 50 day simple moving average of $195.04 and a two-hundred day simple moving average of $185.73. The firm has a market capitalization of $124.95 billion, a price-to-earnings ratio of 107.08, a P/E/G ratio of 5.23 and a beta of 0.97. Palo Alto Networks, Inc. has a 1 year low of $142.01 and a 1 year high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data 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 company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. Palo Alto Networks had a return on equity of 19.48% and a net margin of 13.95%. The company's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the business posted $0.66 EPS. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In other news, Director Aparna Bawa sold 526 shares of the stock in a transaction dated 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 sale, the director owned 8,632 shares in the company, valued at approximately $1,640,080. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Josh D. Paul sold 800 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $201.05, for a total value of $160,840.00. Following the completion of the sale, the chief accounting officer owned 42,033 shares of the company's stock, valued at approximately $8,450,734.65. This trade represents a 1.87% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 569,248 shares of company stock worth $111,279,829. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 price objective on shares of Palo Alto Networks in a report on Tuesday, May 20th. Cantor Fitzgerald reissued an "overweight" rating and issued a $223.00 target price on shares of Palo Alto Networks in a report on Monday, May 19th. HSBC raised Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 target price on the stock in a report on Thursday, April 10th. JPMorgan Chase & Co. lowered their target price on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a report on Wednesday, May 21st. Finally, Northland Securities lowered their target price on 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 research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average target price of $208.00.

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.