Nikulski Financial Inc. Sells 152 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Nikulski Financial Inc. decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,757 shares of the network technology company’s stock after selling 152 shares during the quarter. Palo Alto Networks accounts for about 2.1% of Nikulski Financial Inc.’s investment portfolio, making the stock its 15th biggest position. Nikulski Financial Inc.’s holdings in Palo Alto Networks were worth $7,095,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Catalyst Financial Partners LLC increased its holdings in shares of Palo Alto Networks by 5.9% during the 3rd quarter. Catalyst Financial Partners LLC now owns 898 shares of the network technology company’s stock worth $307,000 after purchasing an additional 50 shares during the period. Financial Advocates Investment Management increased its holdings in shares of Palo Alto Networks by 7.8% during the 3rd quarter. Financial Advocates Investment Management now owns 5,364 shares of the network technology company’s stock worth $1,833,000 after purchasing an additional 389 shares during the period. S.A. Mason LLC bought a new position in shares of Palo Alto Networks during the 3rd quarter worth about $102,000. Cornerstone Wealth Group LLC increased its holdings in shares of Palo Alto Networks by 4.8% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 13,115 shares of the network technology company’s stock worth $4,483,000 after purchasing an additional 599 shares during the period. Finally, Tandem Capital Management Corp ADV increased its holdings in shares of Palo Alto Networks by 2.7% during the 3rd quarter. Tandem Capital Management Corp ADV now owns 3,088 shares of the network technology company’s stock worth $1,055,000 after purchasing an additional 80 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 0.9 %

PANW traded up $3.10 during trading hours on Thursday, hitting $362.61. 215,515 shares of the company’s stock were exchanged, compared to its average volume of 3,933,937. The stock has a market cap of $118.07 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 5.31 and a beta of 1.13. The stock’s 50-day moving average is $352.23 and its two-hundred day moving average is $328.16. Palo Alto Networks, Inc. has a 1-year low of $233.81 and a 1-year high of $384.00.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 3.57 EPS for the current year.

Insider Buying and Selling

In other Palo Alto Networks news, CEO Nikesh Arora sold 81,586 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $367.99, for a total value of $30,022,832.14. Following the transaction, the chief executive officer now directly owns 618,715 shares of the company’s stock, valued at $227,680,932.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Palo Alto Networks news, CEO Nikesh Arora sold 81,586 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $367.99, for a total value of $30,022,832.14. Following the transaction, the chief executive officer now directly owns 618,715 shares of the company’s stock, valued at $227,680,932.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary Pat Mccarthy sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The shares were sold at an average price of $348.49, for a total transaction of $3,484,900.00. Following the completion of the transaction, the director now directly owns 31,517 shares in the company, valued at approximately $10,983,359.33. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 315,252 shares of company stock valued at $107,138,877. 3.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PANW. BMO Capital Markets upped their target price on shares of Palo Alto Networks from $334.00 to $390.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Piper Sandler upped their target price on shares of Palo Alto Networks from $300.00 to $330.00 and gave the company a “neutral” rating in a research note on Tuesday, August 20th. Bank of America upped their target price on shares of Palo Alto Networks from $370.00 to $400.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Susquehanna upped their target price on shares of Palo Alto Networks from $340.00 to $420.00 and gave the company a “positive” rating in a research note on Thursday, September 5th. Finally, JMP Securities reissued a “market outperform” rating and issued a $380.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.82.

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.