Lido Advisors LLC increased its stake in Palo Alto Networks Inc (NYSE:PANW) by 3.0% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,634 shares of the network technology company’s stock after buying an additional 48 shares during the period. Lido Advisors LLC’s holdings in Palo Alto Networks were worth $307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of PANW. Cambridge Investment Research Advisors Inc. grew its stake in shares of Palo Alto Networks by 120.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 7,745 shares of the network technology company’s stock worth $1,745,000 after buying an additional 4,236 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Palo Alto Networks by 26.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 1,538 shares of the network technology company’s stock worth $346,000 after buying an additional 319 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Palo Alto Networks by 3.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,857 shares of the network technology company’s stock worth $4,472,000 after buying an additional 587 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Palo Alto Networks by 9.0% in the 3rd quarter. Toronto Dominion Bank now owns 9,977 shares of the network technology company’s stock worth $2,247,000 after buying an additional 823 shares during the last quarter. Finally, MML Investors Services LLC grew its stake in shares of Palo Alto Networks by 45.4% in the 3rd quarter. MML Investors Services LLC now owns 3,676 shares of the network technology company’s stock worth $828,000 after buying an additional 1,147 shares during the last quarter. Institutional investors own 78.89% of the company’s stock.

In related news, EVP Lee Klarich sold 7,500 shares of the firm’s stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $241.11, for a total value of $1,808,325.00. Following the transaction, the executive vice president now directly owns 310,620 shares of the company’s stock, valued at approximately $74,893,588.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Rene Bonvanie sold 9,330 shares of the firm’s stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $200.00, for a total value of $1,866,000.00. Following the completion of the transaction, the chief marketing officer now directly owns 45,785 shares in the company, valued at $9,157,000. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 210,652 shares of company stock worth $45,891,526. Company insiders own 3.10% of the company’s stock.

Several analysts have commented on the company. Oppenheimer increased their target price on Palo Alto Networks from $270.00 to $285.00 and gave the company an “outperform” rating in a research note on Wednesday, February 27th. Dougherty & Co reiterated a “buy” rating and set a $300.00 target price (up from $260.00) on shares of Palo Alto Networks in a research note on Wednesday, February 27th. Monness Crespi & Hardt reiterated a “buy” rating and set a $280.00 target price (up from $235.00) on shares of Palo Alto Networks in a research note on Wednesday, February 27th. KeyCorp increased their target price on Palo Alto Networks from $250.00 to $280.00 and gave the company an “overweight” rating in a research note on Wednesday, February 27th. Finally, Morgan Stanley increased their target price on Palo Alto Networks from $266.00 to $290.00 and gave the company an “overweight” rating in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $267.37.

PANW stock opened at $239.72 on Monday. The firm has a market capitalization of $22.47 billion, a PE ratio of -435.85, a PEG ratio of 12.48 and a beta of 0.86. Palo Alto Networks Inc has a 1 year low of $160.08 and a 1 year high of $260.63. The company has a current ratio of 1.87, a quick ratio of 1.87 and a debt-to-equity ratio of 1.31.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings results on Tuesday, February 26th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.29. The firm had revenue of $711.00 million for the quarter, compared to the consensus estimate of $682.32 million. Palo Alto Networks had a positive return on equity of 4.69% and a negative net margin of 3.47%. The company’s revenue for the quarter was up 30.3% on a year-over-year basis. During the same period last year, the business posted $0.97 EPS. On average, equities research analysts expect that Palo Alto Networks Inc will post 0.82 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This piece was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2019/03/18/lido-advisors-llc-increases-stake-in-palo-alto-networks-inc-panw.html.

About Palo Alto Networks

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

See Also: Growth Stocks, What They Are, What They Are Not

Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.