Victrix Investment Advisors Acquires Shares of 1,750 Palo Alto Networks, Inc. (NASDAQ:PANW)

Victrix Investment Advisors purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 1,750 shares of the network technology company's stock, valued at approximately $318,000.

Several other large investors have also recently modified their holdings of PANW. SJS Investment Consulting Inc. raised its position in shares of 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 worth $25,000 after purchasing an additional 69 shares during the last quarter. Transce3nd LLC purchased a new position in Palo Alto Networks in the 4th quarter worth about $25,000. Valued Wealth Advisors LLC raised its position in Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after buying an additional 101 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its position 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 worth $26,000 after buying an additional 55 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC raised its position in Palo Alto Networks by 265.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the sale, the executive vice president now owns 321,774 shares in the company, valued at approximately $48,629,704.62. This represents a 27.29% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $165.41, for a total value of $16,541,000.00. Following the sale, the executive vice president now owns 3,543,516 shares in the company, valued at $586,132,981.56. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 568,962 shares of company stock valued at $96,933,690 in the last ninety days. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Susquehanna boosted their target price on Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday, February 18th. TD Securities reissued a "buy" rating and issued a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday. Guggenheim reissued a "sell" rating and issued a $130.00 target price on shares of Palo Alto Networks in a research report on Wednesday. Rosenblatt Securities reissued a "buy" rating and issued a $235.00 target price on shares of Palo Alto Networks in a research report on Tuesday. Finally, Hsbc Global Res raised Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $206.40.

Palo Alto Networks Stock Up 0.3%

PANW stock traded up $0.61 during midday trading on Friday, hitting $186.75. The company's stock had a trading volume of 4,898,365 shares, compared to its average volume of 5,628,151. Palo Alto Networks, Inc. has a 12 month low of $142.01 and a 12 month high of $208.39. The firm has a market capitalization of $123.65 billion, a price-to-earnings ratio of 105.21, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02. The company has a 50 day moving average of $178.11 and a two-hundred day moving average of $185.36.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. The business had revenue of $2.29 billion for the quarter, compared to analysts' expectations of $2.28 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The company's revenue for the quarter was up 15.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS. On average, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.