Cambridge Advisors Inc. Has $238,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Cambridge Advisors Inc. grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 21.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 836 shares of the network technology company’s stock after buying an additional 150 shares during the quarter. Cambridge Advisors Inc.’s holdings in Palo Alto Networks were worth $238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PANW. Frank Rimerman Advisors LLC acquired a new position in Palo Alto Networks during the 4th quarter worth approximately $27,000. Financial Synergies Wealth Advisors Inc. increased its position in Palo Alto Networks by 3,200.0% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company’s stock worth $28,000 after purchasing an additional 96 shares in the last quarter. Webster Bank N. A. increased its position in Palo Alto Networks by 607.1% during the 4th quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock worth $29,000 after purchasing an additional 85 shares in the last quarter. Cedar Mountain Advisors LLC increased its position in Palo Alto Networks by 87.0% during the 4th quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company’s stock worth $30,000 after purchasing an additional 47 shares in the last quarter. Finally, Central Bank & Trust Co. increased its position in Palo Alto Networks by 89.3% in the 1st quarter. Central Bank & Trust Co. now owns 106 shares of the network technology company’s stock valued at $30,000 after acquiring an additional 50 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Trading Down 0.5 %

PANW stock opened at $339.01 on Friday. Palo Alto Networks, Inc. has a 12 month low of $201.17 and a 12 month high of $380.84. The firm has a market capitalization of $109.77 billion, a P/E ratio of 49.27, a price-to-earnings-growth ratio of 5.22 and a beta of 1.10. The firm has a 50 day moving average of $307.06 and a 200-day moving average of $307.14.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, May 20th. The network technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. Palo Alto Networks had a net margin of 31.42% and a return on equity of 32.74%. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. During the same period in the previous year, the business posted $0.38 earnings per share. Palo Alto Networks’s revenue for the quarter was up 15.3% on a year-over-year basis. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.94 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the transaction, the executive vice president now directly owns 174,075 shares of the company’s stock, valued at $46,659,063. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the transaction, the executive vice president now directly owns 174,075 shares of the company’s stock, valued at $46,659,063. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nir Zuk sold 36,000 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $288.24, for a total transaction of $10,376,640.00. Following the transaction, the executive vice president now directly owns 1,295,567 shares in the company, valued at $373,434,232.08. The disclosure for this sale can be found here. Insiders sold a total of 258,182 shares of company stock worth $74,850,597 over the last three months. 3.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Macquarie upped their price target on shares of Palo Alto Networks from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Robert W. Baird upped their price target on shares of Palo Alto Networks from $340.00 to $360.00 and gave the company an “outperform” rating in a research report on Thursday. Daiwa Capital Markets started coverage on shares of Palo Alto Networks in a research note on Wednesday, May 29th. They issued an “outperform” rating and a $350.00 price objective on the stock. Susquehanna upped their price objective on shares of Palo Alto Networks from $325.00 to $340.00 and gave the company a “positive” rating in a research note on Tuesday, May 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $345.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, May 21st. Twelve equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $326.29.

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.