Integral Investment Advisors Inc. Has $1.01 Million Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Integral Investment Advisors Inc. reduced its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.0% in the 4th quarter, Holdings Channel reports. The firm owned 3,438 shares of the network technology company’s stock after selling 145 shares during the period. Palo Alto Networks accounts for approximately 0.6% of Integral Investment Advisors Inc.’s holdings, making the stock its 25th biggest position. Integral Investment Advisors Inc.’s holdings in Palo Alto Networks were worth $1,014,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. Worth Asset Management LLC bought a new position in Palo Alto Networks in the 1st quarter worth approximately $26,000. First Pacific Financial increased its position in Palo Alto Networks by 421.7% in the 3rd quarter. First Pacific Financial now owns 120 shares of the network technology company’s stock worth $28,000 after buying an additional 97 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in Palo Alto Networks in the 2nd quarter worth approximately $28,000. Fortis Capital Advisors LLC bought a new position in Palo Alto Networks in the 4th quarter worth approximately $28,000. Finally, Webster Bank N. A. increased its position in Palo Alto Networks by 607.1% in the 4th quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock worth $29,000 after buying an additional 85 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, President William D. Jenkins, Jr. sold 1,867 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $280.13, for a total transaction of $523,002.71. Following the completion of the transaction, the president now directly owns 25,812 shares in the company, valued at $7,230,715.56. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, President William D. Jenkins, Jr. sold 1,867 shares of Palo Alto Networks stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $280.13, for a total transaction of $523,002.71. Following the completion of the sale, the president now directly owns 25,812 shares of the company’s stock, valued at approximately $7,230,715.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lee Klarich sold 45,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $343.03, for a total value of $15,436,350.00. Following the sale, the executive vice president now directly owns 198,105 shares of the company’s stock, valued at $67,955,958.15. The disclosure for this sale can be found here. Over the last three months, insiders sold 167,917 shares of company stock worth $49,395,553. 3.30% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock traded up $3.41 during trading hours on Thursday, hitting $280.74. The company’s stock had a trading volume of 2,548,459 shares, compared to its average volume of 5,576,654. Palo Alto Networks, Inc. has a 12 month low of $176.30 and a 12 month high of $380.84. The stock has a 50 day moving average of $299.16 and a 200 day moving average of $290.18. The company has a market capitalization of $90.71 billion, a PE ratio of 44.04, a price-to-earnings-growth ratio of 3.75 and a beta of 1.19.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, February 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.22. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. Equities analysts expect that Palo Alto Networks, Inc. will post 2.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on PANW. Susquehanna lowered their price objective on Palo Alto Networks from $400.00 to $325.00 and set a “positive” rating on the stock in a research report on Monday, February 26th. The Goldman Sachs Group boosted their price objective on Palo Alto Networks from $274.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Truist Financial boosted their price objective on Palo Alto Networks from $330.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, February 20th. Wedbush boosted their price objective on Palo Alto Networks from $350.00 to $425.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Loop Capital cut Palo Alto Networks from a “buy” rating to a “hold” rating and set a $300.00 price objective on the stock. in a research report on Wednesday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $314.82.

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.