593 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Acquired by Capital Market Strategies LLC

Capital Market Strategies LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, according to its most recent filing with the SEC. The fund purchased 593 shares of the network technology company’s stock, valued at approximately $203,000.

A number of other large investors also recently made changes to their positions in PANW. Pathway Financial Advisers LLC acquired a new position in Palo Alto Networks in the first quarter valued at $25,000. Frank Rimerman Advisors LLC purchased a new stake in Palo Alto Networks in the 4th quarter valued at about $27,000. Financial Synergies Wealth Advisors Inc. increased its stake in shares of 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 valued at $28,000 after acquiring an additional 96 shares during the last quarter. Central Bank & Trust Co. increased 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 acquiring an additional 50 shares during the last quarter. Finally, Cape Investment Advisory Inc. raised its holdings in shares of Palo Alto Networks by 1,111.1% in the 1st quarter. Cape Investment Advisory Inc. now owns 109 shares of the network technology company’s stock worth $31,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 125,866 shares of the firm’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $335.00, for a total value of $42,165,110.00. Following the transaction, the executive vice president now directly owns 166,542 shares in the company, valued at approximately $55,791,570. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Josh D. Paul sold 200 shares of Palo Alto Networks stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $323.41, for a total transaction of $64,682.00. Following the transaction, the chief accounting officer now directly owns 24,782 shares of the company’s stock, valued at $8,014,746.62. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Lee Klarich sold 125,866 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $335.00, for a total transaction of $42,165,110.00. Following the completion of the sale, the executive vice president now owns 166,542 shares of the company’s stock, valued at approximately $55,791,570. The disclosure for this sale can be found here. In the last 90 days, insiders sold 395,732 shares of company stock worth $130,785,557. Insiders own 3.30% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $335.94 on Friday. The stock has a market capitalization of $109.38 billion, a PE ratio of 48.83, a price-to-earnings-growth ratio of 4.87 and a beta of 1.13. The company has a 50 day moving average price of $337.63 and a 200 day moving average price of $316.49. Palo Alto Networks, Inc. has a fifty-two week low of $233.35 and a fifty-two week high of $380.84.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on PANW shares. Citigroup increased their price objective on shares of Palo Alto Networks from $385.00 to $395.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Morgan Stanley raised their price target on shares of Palo Alto Networks from $360.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. BTIG Research upped their price target on shares of Palo Alto Networks from $366.00 to $395.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Scotiabank raised their price objective on shares of Palo Alto Networks from $385.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 20th. Finally, TD Cowen raised their price objective on Palo Alto Networks from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Twelve equities research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $369.26.

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.