Capital Advisors Inc. OK Increases Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Capital Advisors Inc. OK raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 9,144.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 95,217 shares of the network technology company’s stock after purchasing an additional 94,187 shares during the quarter. Capital Advisors Inc. OK’s holdings in Palo Alto Networks were worth $32,545,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Pathway Financial Advisers LLC purchased a new position in Palo Alto Networks during the 1st quarter valued at $25,000. Capital Advisors Ltd. LLC lifted its holdings in Palo Alto Networks by 113.9% in the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock worth $26,000 after buying an additional 41 shares during the period. Sound Income Strategies LLC lifted its holdings in Palo Alto Networks by 352.6% in the third quarter. Sound Income Strategies LLC now owns 86 shares of the network technology company’s stock worth $29,000 after buying an additional 67 shares during the period. Strategic Investment Solutions Inc. IL grew its holdings in shares of Palo Alto Networks by 177.4% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock worth $29,000 after acquiring an additional 55 shares during the period. Finally, Cape Investment Advisory Inc. raised its position in shares of Palo Alto Networks by 1,111.1% in the 1st quarter. Cape Investment Advisory Inc. now owns 109 shares of the network technology company’s stock worth $31,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 0.6 %

PANW opened at $362.64 on Friday. The stock’s fifty day moving average is $352.69 and its two-hundred day moving average is $329.01. The company has a market capitalization of $118.08 billion, a P/E ratio of 50.02, a PEG ratio of 5.21 and a beta of 1.13. Palo Alto Networks, Inc. has a 52 week low of $233.81 and a 52 week high of $384.00.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the company posted $0.80 earnings per share. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. Equities analysts anticipate that Palo Alto Networks, Inc. will post 3.57 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently weighed in on PANW. DA Davidson upped their price target on Palo Alto Networks from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Sanford C. Bernstein lifted their price objective on Palo Alto Networks from $364.00 to $399.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Redburn Atlantic lowered Palo Alto Networks from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $350.00 to $325.00 in a research report on Thursday, July 18th. Morgan Stanley increased their price target on shares of Palo Alto Networks from $390.00 to $421.00 and gave the company an “overweight” rating in a report on Friday, October 11th. Finally, BTIG Research upped their price objective on Palo Alto Networks from $366.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Eleven analysts have rated the stock with a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $378.49.

Insider Buying and Selling

In other news, CEO Nikesh Arora sold 66,666 shares of Palo Alto Networks stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $342.98, for a total value of $22,865,104.68. Following the transaction, the chief executive officer now directly owns 639,994 shares in the company, valued at approximately $219,505,142.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mary Pat Mccarthy sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $348.49, for a total transaction of $3,484,900.00. Following the completion of the transaction, the director now owns 31,517 shares in the company, valued at $10,983,359.33. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Nikesh Arora sold 66,666 shares of the firm’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $342.98, for a total transaction of $22,865,104.68. Following the completion of the sale, the chief executive officer now owns 639,994 shares of the company’s stock, valued at approximately $219,505,142.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 315,252 shares of company stock valued at $107,138,877 over the last 90 days. Corporate insiders own 3.30% of the company’s stock.

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.