Talisman Wealth Advisors LLC Has $239,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Talisman Wealth Advisors LLC raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,316 shares of the network technology company’s stock after purchasing an additional 658 shares during the quarter. Talisman Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $239,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of PANW. Principal Street Partners LLC boosted its position in shares of Palo Alto Networks by 104.4% during the 4th quarter. Principal Street Partners LLC now owns 4,743 shares of the network technology company’s stock valued at $863,000 after acquiring an additional 2,422 shares during the last quarter. Delta Investment Management LLC grew its position in Palo Alto Networks by 118.9% during the 4th quarter. Delta Investment Management LLC now owns 2,498 shares of the network technology company’s stock worth $455,000 after acquiring an additional 1,357 shares during the last quarter. Vanguard Capital Wealth Advisors grew its holdings in Palo Alto Networks by 100.3% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,226 shares of the network technology company’s stock worth $223,000 after acquiring an additional 614 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Palo Alto Networks by 92.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company’s stock valued at $1,082,895,000 after purchasing an additional 2,862,718 shares during the last quarter. Finally, USS Investment Management Ltd raised its holdings in Palo Alto Networks by 97.4% in the 4th quarter. USS Investment Management Ltd now owns 105,260 shares of the network technology company’s stock worth $19,160,000 after purchasing an additional 51,949 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Up 0.7%

PANW stock opened at $194.30 on Tuesday. Palo Alto Networks, Inc. has a 52-week low of $142.01 and a 52-week high of $208.39. The stock’s fifty day simple moving average is $177.67 and its 200-day simple moving average is $185.26. The stock has a market capitalization of $128.65 billion, a price-to-earnings ratio of 109.47, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02.

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 the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PANW. Rosenblatt Securities restated a “buy” rating and issued a $235.00 price objective on shares of Palo Alto Networks in a report on Monday, March 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Monday. Roth Capital began coverage on Palo Alto Networks in a research report on Thursday, May 15th. They set a “neutral” rating and a $210.00 target price on the stock. Jefferies Financial Group increased their price objective on shares of Palo Alto Networks from $215.00 to $225.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Hsbc Global Res raised Palo Alto Networks from a “moderate sell” rating to a “hold” rating in a research note on Thursday, April 10th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $203.46.

Insider Activity at Palo Alto Networks

In related news, CEO Nikesh Arora sold 227,414 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $172.73, for a total transaction of $39,281,220.22. Following the transaction, the chief executive officer now owns 317,571 shares in the company, valued at $54,854,038.83. This trade represents a 41.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, April 7th. The shares were sold at an average price of $151.13, for a total value of $18,252,574.62. Following the completion of the transaction, the executive vice president now owns 321,774 shares of the company’s stock, valued at $48,629,704.62. This trade represents a 27.29% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 568,962 shares of company stock worth $96,933,690. 2.50% 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.