Argentarii LLC Acquires 197 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Argentarii LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,812 shares of the network technology company’s stock after buying an additional 197 shares during the period. Argentarii LLC’s holdings in Palo Alto Networks were worth $1,333,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PANW. Transce3nd LLC purchased a new position in shares of Palo Alto Networks in the fourth quarter worth $25,000. Strategic Investment Solutions Inc. IL increased its position in shares of Palo Alto Networks by 64.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 55 shares during the period. Anchor Investment Management LLC increased its position in shares of Palo Alto Networks by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 78 shares during the period. Kiely Wealth Advisory Group Inc. raised its stake in shares of Palo Alto Networks by 100.0% during the fourth quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 75 shares during the last quarter. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the fourth quarter worth about $29,000. 79.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PANW shares. Northland Securities reduced their price target on Palo Alto Networks from $210.00 to $177.00 and set a “market perform” rating on the stock in a report on Wednesday, May 21st. Wells Fargo & Company boosted their target price on Palo Alto Networks from $225.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, May 21st. Rosenblatt Securities restated a “buy” rating and set a $235.00 target price on shares of Palo Alto Networks in a report on Tuesday, May 20th. Hsbc Global Res upgraded shares of Palo Alto Networks from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 10th. Finally, Morgan Stanley decreased their price objective on shares of Palo Alto Networks from $230.00 to $205.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $208.00.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $201.50 on Friday. Palo Alto Networks, Inc. has a one year low of $142.01 and a one year high of $208.39. The business’s fifty day moving average is $193.80 and its 200 day moving average is $185.42. The stock has a market capitalization of $134.36 billion, a PE ratio of 115.14, a price-to-earnings-growth ratio of 5.63 and a beta of 0.97.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, May 20th. The network technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.03. Palo Alto Networks had a return on equity of 19.48% and a net margin of 13.95%. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.28 billion. During the same period last year, the firm earned $0.66 EPS. Palo Alto Networks’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 800 shares of the business’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $201.05, for a total transaction of $160,840.00. Following the completion of the transaction, the chief accounting officer directly owned 42,033 shares in the company, valued at approximately $8,450,734.65. The trade was a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares in the company, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 668,722 shares of company stock worth $121,714,798 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

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.