Blair William & Co. IL Has $212.49 Million Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Blair William & Co. IL lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 626,801 shares of the network technology company’s stock after buying an additional 3,341 shares during the period. Blair William & Co. IL owned about 0.19% of Palo Alto Networks worth $212,492,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Pathway Financial Advisers LLC acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $25,000. Frank Rimerman Advisors LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $27,000. Financial Synergies Wealth Advisors Inc. grew its position in Palo Alto Networks by 3,200.0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 96 shares in the last quarter. Ulland Investment Advisors LLC acquired a new stake in Palo Alto Networks in the 1st quarter valued at $30,000. Finally, Central Bank & Trust Co. lifted its position in Palo Alto Networks by 89.3% during the 1st quarter. Central Bank & Trust Co. now owns 106 shares of the network technology company’s stock worth $30,000 after buying an additional 50 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 200 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $338.00, for a total value of $67,600.00. Following the sale, the chief accounting officer now owns 24,982 shares of the company’s stock, valued at approximately $8,443,916. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, EVP Lee Klarich sold 60,000 shares of the stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $295.93, for a total value of $17,755,800.00. Following the completion of the transaction, the executive vice president now owns 159,009 shares of the company’s stock, valued at $47,055,533.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 200 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $338.00, for a total transaction of $67,600.00. Following the completion of the sale, the chief accounting officer now owns 24,982 shares in the company, valued at $8,443,916. The disclosure for this sale can be found here. Insiders sold a total of 464,075 shares of company stock worth $154,029,567 over the last three months. Corporate insiders own 3.30% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $337.93 on Wednesday. Palo Alto Networks, Inc. has a 52 week low of $224.64 and a 52 week high of $380.84. The stock’s fifty day moving average is $336.41 and its 200 day moving average is $312.63. The stock has a market capitalization of $110.03 billion, a P/E ratio of 49.12, a PEG ratio of 5.03 and a beta of 1.13.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $0.80 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. Equities research analysts forecast that Palo Alto Networks, Inc. will post 3.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group lifted their target price on Palo Alto Networks from $345.00 to $355.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. Macquarie upped their price objective on Palo Alto Networks from $270.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of Palo Alto Networks from $330.00 to $395.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of Palo Alto Networks in a research report on Monday, August 19th. Finally, Citigroup lifted their price objective on shares of Palo Alto Networks from $385.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Thirteen analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $366.08.

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.