Kintegral Advisory LLC Acquires 4,395 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Kintegral Advisory LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 91.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,220 shares of the network technology company’s stock after acquiring an additional 4,395 shares during the quarter. Kintegral Advisory LLC’s holdings in Palo Alto Networks were worth $1,678,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. Capital Advisors Ltd. LLC boosted 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 valued at $26,000 after acquiring an additional 41 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in Palo Alto Networks during the 3rd quarter worth approximately $29,000. Strategic Investment Solutions Inc. IL lifted its position in shares of Palo Alto Networks by 177.4% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock worth $29,000 after purchasing an additional 55 shares during the period. True Wealth Design LLC boosted its stake in shares of Palo Alto Networks by 2,933.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Palo Alto Networks during the third quarter worth $32,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nir Zuk sold 336,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the completion of the sale, the executive vice president now directly owns 3,643,516 shares of the company’s stock, valued at $705,730,831.62. This represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,458,864 shares of company stock valued at $269,397,331 in the last ninety days. 2.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Stifel Nicolaus boosted their target price on shares of Palo Alto Networks from $192.50 to $220.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Robert W. Baird lifted their price objective on Palo Alto Networks from $212.50 to $217.50 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Barclays dropped their price objective on Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Guggenheim cut Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Monday, January 6th. Finally, Hsbc Global Res lowered Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 22nd. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $204.69.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $191.03 on Friday. The company has a market capitalization of $126.48 billion, a price-to-earnings ratio of 107.62, a PEG ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a 52-week low of $132.50 and a 52-week high of $208.39. The company has a 50-day simple moving average of $187.09 and a two-hundred day simple moving average of $183.48.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 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.