Tilia Fiduciary Partners Inc. Has $2.13 Million Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Tilia Fiduciary Partners Inc. grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 6,231 shares of the network technology company’s stock after buying an additional 288 shares during the period. Palo Alto Networks makes up 1.5% of Tilia Fiduciary Partners Inc.’s investment portfolio, making the stock its 28th biggest position. Tilia Fiduciary Partners Inc.’s holdings in Palo Alto Networks were worth $2,130,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Pathway Financial Advisers LLC acquired a new stake in Palo Alto Networks during the 1st quarter valued at approximately $25,000. Financial Synergies Wealth Advisors Inc. increased its position in shares of Palo Alto Networks by 3,200.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company’s stock worth $28,000 after buying an additional 96 shares during the period. Central Bank & Trust Co. raised its stake in Palo Alto Networks by 89.3% during the first quarter. Central Bank & Trust Co. now owns 106 shares of the network technology company’s stock worth $30,000 after buying an additional 50 shares during the last quarter. Cape Investment Advisory Inc. boosted its position in Palo Alto Networks by 1,111.1% during the first quarter. Cape Investment Advisory Inc. now owns 109 shares of the network technology company’s stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. Finally, New England Capital Financial Advisors LLC grew its holdings in Palo Alto Networks by 833.3% during the 1st quarter. New England Capital Financial Advisors LLC now owns 112 shares of the network technology company’s stock worth $32,000 after acquiring an additional 100 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Trading Up 1.6 %

Shares of PANW stock traded up $5.75 during trading on Wednesday, reaching $360.88. 531,421 shares of the company’s stock traded hands, compared to its average volume of 4,090,010. The company has a market capitalization of $116.85 billion, a P/E ratio of 51.62, a PEG ratio of 4.82 and a beta of 1.13. Palo Alto Networks, Inc. has a 1 year low of $233.81 and a 1 year high of $380.84. The firm’s 50-day moving average is $339.01 and its 200 day moving average is $318.22.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 19th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. The business had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.80 EPS. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 3.56 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Nir Zuk sold 36,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $317.77, for a total value of $11,439,720.00. Following the transaction, the executive vice president now owns 1,187,567 shares of the company’s stock, valued at $377,373,165.59. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Palo Alto Networks news, CAO Josh D. Paul sold 200 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $323.41, for a total transaction of $64,682.00. Following the completion of the sale, the chief accounting officer now directly owns 24,782 shares in the company, valued at $8,014,746.62. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Nir Zuk sold 36,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $317.77, for a total value of $11,439,720.00. Following the completion of the sale, the executive vice president now directly owns 1,187,567 shares of the company’s stock, valued at approximately $377,373,165.59. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 269,866 shares of company stock worth $88,620,447. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PANW. JPMorgan Chase & Co. boosted their price target on Palo Alto Networks from $340.00 to $365.00 and gave the company an “overweight” rating in a research note on Thursday, August 15th. JMP Securities reissued a “market outperform” rating and set a $380.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 20th. DA Davidson lifted their price target on shares of Palo Alto Networks from $380.00 to $415.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. TD Cowen increased their price objective on shares of Palo Alto Networks from $350.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Rosenblatt Securities boosted their target price on Palo Alto Networks from $300.00 to $345.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Eleven equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.50.

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.