Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by Aaron Wealth Advisors LLC

Aaron Wealth Advisors LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,623 shares of the network technology company’s stock after buying an additional 273 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $618,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Transce3nd LLC acquired a new position in Palo Alto Networks in the 4th quarter valued at about $25,000. Strategic Investment Solutions Inc. IL increased its position in Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company’s stock worth $26,000 after purchasing an additional 55 shares during the period. Kiely Wealth Advisory Group Inc. lifted its holdings in shares of Palo Alto Networks by 100.0% in the 4th quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company’s stock valued at $29,000 after buying an additional 75 shares during the period. Anchor Investment Management LLC grew its holdings in Palo Alto Networks by 100.0% during the fourth quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company’s stock worth $28,000 after acquiring an additional 78 shares during the period. Finally, Capital A Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the 4th quarter worth $29,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

PANW opened at $196.97 on Thursday. Palo Alto Networks, Inc. has a 12-month low of $142.01 and a 12-month high of $208.39. The stock has a market capitalization of $131.34 billion, a PE ratio of 112.55, a P/E/G ratio of 5.52 and a beta of 0.97. The firm’s fifty day moving average price is $192.85 and its 200 day moving average price is $185.45.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.66 EPS. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on PANW shares. Guggenheim restated a “sell” rating and issued a $130.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Rosenblatt Securities reissued a “buy” rating and set a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, May 20th. Jefferies Financial Group boosted their target price on shares of Palo Alto Networks from $215.00 to $225.00 and gave the company a “buy” rating in a research note on Friday, May 16th. Barclays decreased their target price on shares of Palo Alto Networks from $213.00 to $210.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 21st. Finally, Stephens lowered Palo Alto Networks from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 1st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $208.00.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 800 shares of the business’s stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $201.05, for a total transaction of $160,840.00. Following the completion of the sale, the chief accounting officer owned 42,033 shares of the company’s stock, valued at $8,450,734.65. This represents a 1.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated 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. This trade represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 568,122 shares of company stock valued at $101,726,398 over the last 90 days. Insiders own 2.50% of the company’s stock.

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.