Cwm LLC Buys 1,539 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Cwm LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.1% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,823 shares of the network technology company’s stock after purchasing an additional 1,539 shares during the quarter. Cwm LLC’s holdings in Palo Alto Networks were worth $5,750,000 at the end of the most recent quarter.

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

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 36,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 1,187,567 shares of the company’s stock, valued at approximately $377,373,165.59. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Nir Zuk sold 36,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $317.77, for a total transaction of $11,439,720.00. Following the completion of the sale, the executive vice president now owns 1,187,567 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CEO Nikesh Arora sold 66,666 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $342.98, for a total transaction of $22,865,104.68. Following the completion of the transaction, the chief executive officer now directly owns 639,994 shares in the company, valued at approximately $219,505,142.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,866 shares of company stock worth $88,620,447 over the last 90 days. 3.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on PANW shares. The Goldman Sachs Group raised their target price on Palo Alto Networks from $376.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley increased their target price on Palo Alto Networks from $390.00 to $421.00 and gave the stock an “overweight” rating in a research report on Friday. BMO Capital Markets increased their price target on shares of Palo Alto Networks from $334.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. KeyCorp boosted their target price on Palo Alto Networks from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Needham & Company LLC boosted their price target on shares of Palo Alto Networks from $345.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating, thirty have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $372.28.

Palo Alto Networks Trading Up 1.0 %

PANW opened at $373.20 on Friday. The stock has a fifty day simple moving average of $342.20 and a two-hundred day simple moving average of $319.73. The company has a market cap of $120.84 billion, a price-to-earnings ratio of 54.24, a price-to-earnings-growth ratio of 5.26 and a beta of 1.13. Palo Alto Networks, Inc. has a 12-month low of $233.81 and a 12-month high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. The company had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $0.80 EPS. On average, analysts predict that Palo Alto Networks, Inc. will post 3.56 EPS for the current year.

About Palo Alto Networks

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.