Integral Investment Advisors Inc. Grows Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Integral Investment Advisors Inc. raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 108.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,648 shares of the network technology company’s stock after acquiring an additional 6,057 shares during the quarter. Palo Alto Networks makes up about 0.7% of Integral Investment Advisors Inc.’s investment portfolio, making the stock its 28th biggest position. Integral Investment Advisors Inc.’s holdings in Palo Alto Networks were worth $2,119,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC increased its stake in Palo Alto Networks by 83.0% during the fourth quarter. Jennison Associates LLC now owns 5,759,689 shares of the network technology company’s stock worth $1,048,033,000 after acquiring an additional 2,612,474 shares during the last quarter. Nordea Investment Management AB raised its stake in Palo Alto Networks by 199.1% in the fourth quarter. Nordea Investment Management AB now owns 1,822,336 shares of the network technology company’s stock worth $333,925,000 after buying an additional 1,213,073 shares in the last quarter. Swedbank AB increased its position in shares of Palo Alto Networks by 107.8% during the fourth quarter. Swedbank AB now owns 1,634,701 shares of the network technology company’s stock worth $297,450,000 after purchasing an additional 848,127 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of Palo Alto Networks by 104.1% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,722 shares of the network technology company’s stock worth $284,353,000 after purchasing an additional 796,964 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Palo Alto Networks by 100.6% in the 4th quarter. Fifth Third Bancorp now owns 1,374,653 shares of the network technology company’s stock valued at $250,132,000 after acquiring an additional 689,458 shares during the period. 79.82% of the stock is owned by institutional investors.

Insider Transactions at Palo Alto Networks

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

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $191.03 on Friday. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39. The company has a market capitalization of $126.48 billion, a PE ratio of 107.62, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. The firm’s 50-day moving average is $187.09 and its two-hundred day moving average is $183.48.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. On average, analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $190.00 price target (down from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. Evercore ISI cut their price target on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a report on Tuesday, December 31st. Wells Fargo & Company increased their price objective on shares of Palo Alto Networks from $208.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. UBS Group raised their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. Finally, Truist Financial lifted their price objective on shares of Palo Alto Networks from $200.00 to $212.50 and gave the stock a “buy” rating in a research report on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average target price of $204.69.

Palo Alto Networks 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.