Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Position Lifted by Nia Impact Advisors LLC

Nia Impact Advisors LLC boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 84.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,226 shares of the network technology company's stock after buying an additional 18,407 shares during the quarter. Palo Alto Networks makes up 2.4% of Nia Impact Advisors LLC's holdings, making the stock its 10th biggest holding. Nia Impact Advisors LLC's holdings in Palo Alto Networks were worth $7,319,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Nissay Asset Management Corp Japan ADV boosted its stake in Palo Alto Networks by 111.0% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 148,395 shares of the network technology company's stock valued at $27,628,000 after buying an additional 78,081 shares in the last quarter. NWI Management LP boosted its stake in Palo Alto Networks by 100.0% in the fourth quarter. NWI Management LP now owns 125,000 shares of the network technology company's stock valued at $22,745,000 after buying an additional 62,500 shares in the last quarter. Nicholas Investment Partners LP boosted its stake in Palo Alto Networks by 100.0% in the fourth quarter. Nicholas Investment Partners LP now owns 8,440 shares of the network technology company's stock valued at $1,536,000 after buying an additional 4,220 shares in the last quarter. NorthRock Partners LLC boosted its stake in shares of Palo Alto Networks by 415.4% during the fourth quarter. NorthRock Partners LLC now owns 9,401 shares of the network technology company's stock valued at $1,711,000 after purchasing an additional 7,577 shares in the last quarter. Finally, Numerai GP LLC acquired a new stake in shares of Palo Alto Networks during the fourth quarter valued at about $827,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Stephens lowered Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a research note on Thursday, May 1st. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Hsbc Global Res raised Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 10th. Royal Bank of Canada reissued an "outperform" rating and set a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, February 10th. Finally, Rosenblatt Securities reissued a "buy" rating and set a $235.00 price target on shares of Palo Alto Networks in a research note on Monday, March 31st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus target price of $203.46.

Palo Alto Networks Trading Up 0.0%

PANW stock traded up $0.08 during mid-day trading on Friday, reaching $192.98. The company's stock had a trading volume of 4,182,191 shares, compared to its average volume of 5,714,844. The company has a market cap of $127.77 billion, a price-to-earnings ratio of 108.72, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02. The business's 50 day moving average price is $177.37 and its 200 day moving average price is $185.09. Palo Alto Networks, Inc. has a 12 month low of $142.01 and a 12 month high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $189.27, for a total transaction of $22,858,894.98. Following the transaction, the executive vice president now owns 293,010 shares of the company's stock, valued at $55,458,002.70. The trade was a 29.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 3,543,516 shares in the company, valued at approximately $586,132,981.56. The trade was a 2.74% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 568,962 shares of company stock valued at $96,933,690. Company insiders own 2.50% of the company's stock.

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.