Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Position Lowered by Callan Capital LLC

Callan Capital LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 14.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,223 shares of the network technology company’s stock after selling 203 shares during the quarter. Callan Capital LLC’s holdings in Palo Alto Networks were worth $361,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of PANW. MV Capital Management Inc. grew its stake in Palo Alto Networks by 37.2% in the 4th quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock valued at $32,000 after buying an additional 29 shares during the last quarter. Quent Capital LLC lifted its position in shares of Palo Alto Networks by 15.9% during the 4th quarter. Quent Capital LLC now owns 233 shares of the network technology company’s stock worth $69,000 after purchasing an additional 32 shares during the last quarter. Parisi Gray Wealth Management boosted its stake in Palo Alto Networks by 2.2% during the 4th quarter. Parisi Gray Wealth Management now owns 1,519 shares of the network technology company’s stock valued at $448,000 after purchasing an additional 33 shares during the period. Howard Financial Services LTD. boosted its stake in Palo Alto Networks by 3.4% during the 4th quarter. Howard Financial Services LTD. now owns 1,061 shares of the network technology company’s stock valued at $313,000 after purchasing an additional 35 shares during the period. Finally, SJS Investment Consulting Inc. grew its holdings in Palo Alto Networks by 20.5% in the 4th quarter. SJS Investment Consulting Inc. now owns 206 shares of the network technology company’s stock valued at $61,000 after buying an additional 35 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the subject of several research reports. Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, March 13th. Sanford C. Bernstein began coverage on shares of Palo Alto Networks in a research report on Thursday, January 18th. They set an “outperform” rating for the company. Barclays lowered their price target on Palo Alto Networks from $400.00 to $345.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 21st. Scotiabank decreased their price objective on Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 21st. Finally, Evercore ISI upped their target price on Palo Alto Networks from $315.00 to $405.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Eleven research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $314.82.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 1,050 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $280.00, for a total value of $294,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,247 shares in the company, valued at approximately $7,629,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Lee Klarich sold 60,000 shares of the company’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the completion of the transaction, the executive vice president now directly owns 174,075 shares of the company’s stock, valued at $46,659,063. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Josh D. Paul sold 1,050 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $280.00, for a total value of $294,000.00. Following the transaction, the chief accounting officer now owns 27,247 shares of the company’s stock, valued at $7,629,160. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,917 shares of company stock valued at $49,395,553. 3.30% of the stock is owned by company insiders.

Palo Alto Networks Stock Up 0.9 %

Shares of Palo Alto Networks stock traded up $2.63 during trading on Friday, reaching $291.42. 2,245,297 shares of the company were exchanged, compared to its average volume of 5,423,290. Palo Alto Networks, Inc. has a twelve month low of $176.30 and a twelve month high of $380.84. The business has a 50-day moving average price of $287.61 and a 200-day moving average price of $292.10. The firm has a market capitalization of $94.16 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 4.00 and a beta of 1.19.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.22. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.77 EPS for the current fiscal year.

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.