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

Quantinno Capital Management LP boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 209.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 136,230 shares of the network technology company's stock after purchasing an additional 92,230 shares during the quarter. Quantinno Capital Management LP's holdings in Palo Alto Networks were worth $24,788,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Aprio Wealth Management LLC increased its stake in Palo Alto Networks by 154.9% in the 4th quarter. Aprio Wealth Management LLC now owns 2,401 shares of the network technology company's stock worth $437,000 after acquiring an additional 1,459 shares during the last quarter. Fiduciary Alliance LLC increased its stake in Palo Alto Networks by 96.5% in the 4th quarter. Fiduciary Alliance LLC now owns 3,109 shares of the network technology company's stock worth $566,000 after acquiring an additional 1,527 shares during the last quarter. Brookstone Capital Management increased its stake in Palo Alto Networks by 116.6% in the 4th quarter. Brookstone Capital Management now owns 70,302 shares of the network technology company's stock worth $12,792,000 after acquiring an additional 37,839 shares during the last quarter. Capital Investment Advisors LLC increased its stake in Palo Alto Networks by 113.4% in the 4th quarter. Capital Investment Advisors LLC now owns 8,963 shares of the network technology company's stock worth $1,631,000 after acquiring an additional 4,763 shares during the last quarter. Finally, Salem Investment Counselors Inc. increased its stake in Palo Alto Networks by 157.1% in the 4th quarter. Salem Investment Counselors Inc. now owns 540 shares of the network technology company's stock worth $98,000 after acquiring an additional 330 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Up 0.0%

Shares of NASDAQ:PANW traded up $0.08 during trading on Friday, hitting $192.98. The stock had a trading volume of 4,182,191 shares, compared to its average volume of 5,714,844. Palo Alto Networks, Inc. has a 12-month low of $142.01 and a 12-month high of $208.39. The stock has a market capitalization 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 stock has a 50-day simple moving average of $177.37 and a two-hundred day simple moving average of $185.09.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.06. The firm had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 293,010 shares of the company's stock, valued at $55,458,002.70. This trade represents a 29.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 3,543,516 shares in the company, valued at approximately $586,132,981.56. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 568,962 shares of company stock valued at $96,933,690 over the last ninety days. Company insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on PANW shares. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Westpark Capital restated a "hold" rating and set a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Stephens lowered Palo Alto Networks from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 1st. JMP Securities increased their price target on Palo Alto Networks from $208.00 to $212.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Finally, Scotiabank increased their price target on Palo Alto Networks from $200.00 to $225.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $203.46.

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.