Pinnacle Wealth Management Advisory Group LLC Has $431,000 Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Pinnacle Wealth Management Advisory Group LLC boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 95.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,369 shares of the network technology company’s stock after purchasing an additional 1,158 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Palo Alto Networks were worth $431,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. J.W. Cole Advisors Inc. grew its stake in Palo Alto Networks by 94.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 15,038 shares of the network technology company’s stock valued at $2,736,000 after acquiring an additional 7,318 shares during the period. Valmark Advisers Inc. acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at approximately $203,000. L.M. Kohn & Company increased its stake in Palo Alto Networks by 110.8% during the 4th quarter. L.M. Kohn & Company now owns 3,776 shares of the network technology company’s stock worth $687,000 after purchasing an additional 1,985 shares in the last quarter. Game Plan Financial Advisors LLC raised its holdings in Palo Alto Networks by 94.8% during the 4th quarter. Game Plan Financial Advisors LLC now owns 9,826 shares of the network technology company’s stock worth $1,788,000 after buying an additional 4,783 shares during the period. Finally, WD Rutherford LLC lifted its stake in Palo Alto Networks by 111.3% in the fourth quarter. WD Rutherford LLC now owns 23,915 shares of the network technology company’s stock valued at $4,352,000 after buying an additional 12,598 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the completion of the sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Nikesh Arora sold 490,723 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $89,532,411.35. Following the completion of the transaction, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. This represents a 31.11 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,458,864 shares of company stock valued at $269,397,331. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $208.28 on Wednesday. The business has a fifty day moving average price of $186.84 and a two-hundred day moving average price of $182.29. The stock has a market capitalization of $136.67 billion, a PE ratio of 54.24, a P/E/G ratio of 5.36 and a beta of 1.14. Palo Alto Networks, Inc. has a fifty-two week low of $130.04 and a fifty-two week high of $208.35.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a return on equity of 23.36% and a net margin of 32.99%. On average, equities analysts expect that Palo Alto Networks, Inc. will post 1.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on PANW shares. HSBC lowered shares of Palo Alto Networks from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $152.00 to $145.50 in a report on Friday, November 22nd. Stifel Nicolaus boosted their price target on Palo Alto Networks from $192.50 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 14th. UBS Group lifted their target price on Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. StockNews.com downgraded Palo Alto Networks from a “buy” rating to a “hold” rating in a research report on Tuesday, December 24th. Finally, Susquehanna lifted their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a “positive” rating in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $202.70.

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.