Capital Advisors Ltd. LLC Has $26,000 Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Capital Advisors Ltd. LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 113.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 77 shares of the network technology company’s stock after purchasing an additional 41 shares during the period. Capital Advisors Ltd. LLC’s holdings in Palo Alto Networks were worth $26,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PANW. International Assets Investment Management LLC raised its position in shares of Palo Alto Networks by 34,318.2% during the third quarter. International Assets Investment Management LLC now owns 3,259,063 shares of the network technology company’s stock worth $1,113,948,000 after purchasing an additional 3,249,594 shares during the period. Vanguard Group Inc. raised its position in shares of Palo Alto Networks by 3.6% during the first quarter. Vanguard Group Inc. now owns 28,572,098 shares of the network technology company’s stock worth $8,118,190,000 after purchasing an additional 1,002,239 shares during the period. Swedbank AB acquired a new stake in shares of Palo Alto Networks during the first quarter worth $177,933,000. Altshuler Shaham Ltd raised its position in Palo Alto Networks by 444,100.0% during the second quarter. Altshuler Shaham Ltd now owns 444,000 shares of the network technology company’s stock valued at $150,520,000 after buying an additional 444,100 shares during the period. Finally, Legal & General Group Plc raised its position in Palo Alto Networks by 8.5% during the second quarter. Legal & General Group Plc now owns 3,243,457 shares of the network technology company’s stock valued at $1,099,564,000 after buying an additional 255,060 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 0.5 %

Shares of PANW stock opened at $366.44 on Monday. The stock has a 50 day moving average of $351.91 and a two-hundred day moving average of $326.78. Palo Alto Networks, Inc. has a 12 month low of $233.81 and a 12 month high of $384.00. The company has a market capitalization of $118.65 billion, a P/E ratio of 53.26, a P/E/G ratio of 5.45 and a beta of 1.13.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter last year, the company earned $0.80 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. Sell-side analysts predict that Palo Alto Networks, Inc. will post 3.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PANW has been the topic of several recent analyst reports. Citigroup upped their price target on Palo Alto Networks from $385.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. BTIG Research upped their price target on Palo Alto Networks from $366.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Northland Securities upped their price target on Palo Alto Networks from $275.00 to $350.00 and gave the company a “market perform” rating in a research report on Tuesday, August 20th. Needham & Company LLC boosted their target price on Palo Alto Networks from $345.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Oppenheimer boosted their target price on Palo Alto Networks from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. 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, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $376.82.

Insiders Place Their Bets

In other Palo Alto Networks news, CAO Josh D. Paul sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $323.41, for a total value of $64,682.00. Following the completion of the sale, the chief accounting officer now owns 24,782 shares in the company, valued at approximately $8,014,746.62. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Nikesh Arora sold 81,586 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $367.99, for a total transaction of $30,022,832.14. Following the completion of the transaction, the chief executive officer now owns 618,715 shares in the company, 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 is available through the SEC website. Also, CAO Josh D. Paul sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $323.41, for a total value of $64,682.00. Following the transaction, the chief accounting officer now owns 24,782 shares of the company’s stock, valued at $8,014,746.62. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 351,452 shares of company stock worth $118,643,279. 3.30% of the stock is currently owned by company insiders.

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.