KPP Advisory Services LLC Buys 1,231 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

KPP Advisory Services LLC grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 20.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,165 shares of the network technology company’s stock after acquiring an additional 1,231 shares during the quarter. KPP Advisory Services LLC’s holdings in Palo Alto Networks were worth $1,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC increased its stake in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares during the last quarter. Roanoke Asset Management Corp NY grew its holdings in shares of Palo Alto Networks by 100.0% in the fourth quarter. Roanoke Asset Management Corp NY now owns 1,530 shares of the network technology company’s stock valued at $278,000 after acquiring an additional 765 shares in the last quarter. Bank Pictet & Cie Europe AG increased its position in shares of Palo Alto Networks by 115.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company’s stock valued at $8,004,000 after acquiring an additional 23,586 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its position in shares of Palo Alto Networks by 98.4% during the fourth quarter. Pine Valley Investments Ltd Liability Co now owns 1,944 shares of the network technology company’s stock valued at $354,000 after acquiring an additional 964 shares during the last quarter. Finally, FourThought Financial Partners LLC bought a new stake in Palo Alto Networks during the fourth quarter worth $290,000. Institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president now directly owns 101,135 shares in the company, valued at $20,414,099.75. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 800 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $201.05, for a total transaction of $160,840.00. Following the transaction, the chief accounting officer now directly owns 42,033 shares in the company, valued at $8,450,734.65. This trade represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 795,536 shares of company stock valued at $141,007,618 over the last 90 days. 2.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PANW. KeyCorp restated an “overweight” rating and issued a $220.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Stephens downgraded shares of Palo Alto Networks from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 1st. Jefferies Financial Group increased their price target on shares of Palo Alto Networks from $215.00 to $225.00 and gave the company a “buy” rating in a research report on Friday, May 16th. HSBC raised shares of Palo Alto Networks from a “reduce” rating to a “hold” rating and set a $156.00 price objective on the stock in a research report on Thursday, April 10th. Finally, Barclays dropped their target price on shares of Palo Alto Networks from $213.00 to $210.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $208.00.

Palo Alto Networks Trading Up 1.3%

Shares of PANW opened at $204.30 on Thursday. Palo Alto Networks, Inc. has a 12-month low of $142.01 and a 12-month high of $208.39. The company has a market cap of $136.23 billion, a PE ratio of 116.74, a price-to-earnings-growth ratio of 5.63 and a beta of 0.97. The stock has a 50-day moving average price of $189.35 and a 200-day moving average price of $185.33.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the firm posted $0.66 earnings per share. Palo Alto Networks’s quarterly revenue was up 15.3% on a year-over-year basis. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.