Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Holdings Boosted by JFG Wealth Management LLC

JFG Wealth Management LLC raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.4% in the first quarter, HoldingsChannel.com reports. The firm owned 6,638 shares of the network technology company’s stock after buying an additional 282 shares during the period. JFG Wealth Management LLC’s holdings in Palo Alto Networks were worth $1,133,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Transce3nd LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter worth $25,000. Strategic Investment Solutions Inc. IL boosted its stake in shares of Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company’s stock worth $26,000 after acquiring an additional 55 shares in the last quarter. Anchor Investment Management LLC boosted its stake in shares of Palo Alto Networks by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company’s stock worth $28,000 after acquiring an additional 78 shares in the last quarter. Capital A Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter worth $29,000. Finally, HWG Holdings LP bought a new stake in shares of Palo Alto Networks during the 1st quarter worth $31,000. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Down 0.6%

PANW stock opened at $167.06 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The company has a market cap of $111.40 billion, a PE ratio of 95.46, a price-to-earnings-growth ratio of 3.99 and a beta of 0.94. The business’s 50-day simple moving average is $194.23 and its 200 day simple moving average is $186.92.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. The business 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 firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period last year, the business earned $0.66 earnings per share. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Josh D. Paul sold 600 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $204.00, for a total value of $122,400.00. Following the sale, the chief accounting officer directly owned 41,433 shares in the company, valued at $8,452,332. The trade was a 1.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 669,248 shares of company stock valued at $126,423,337. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and issued a $235.00 target price on shares of Palo Alto Networks in a report on Thursday, July 31st. Wells Fargo & Company increased their target price on Palo Alto Networks from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. DA Davidson reduced their target price on Palo Alto Networks from $225.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Stephens lowered Palo Alto Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Finally, Guggenheim restated a “sell” rating and issued a $130.00 target price on shares of Palo Alto Networks in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.61.

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.