ST Germain D J Co. Inc. Has $16.27 Million Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

ST Germain D J Co. Inc. trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,259 shares of the network technology company’s stock after selling 595 shares during the period. ST Germain D J Co. Inc.’s holdings in Palo Alto Networks were worth $16,269,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC bought a new stake in shares of Palo Alto Networks in the 4th quarter valued at $27,000. Webster Bank N. A. increased its holdings in shares of Palo Alto Networks by 607.1% in the fourth quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock worth $29,000 after acquiring an additional 85 shares in the last quarter. Cedar Mountain Advisors LLC raised its position in shares of Palo Alto Networks by 87.0% during the fourth quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company’s stock worth $30,000 after purchasing an additional 47 shares during the period. ICA Group Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at approximately $31,000. Finally, MV Capital Management Inc. increased its stake in Palo Alto Networks by 37.2% during the 4th quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock worth $32,000 after purchasing an additional 29 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

PANW traded down $2.57 during midday trading on Tuesday, reaching $317.02. 2,058,564 shares of the company were exchanged, compared to its average volume of 4,895,661. The company has a market cap of $102.65 billion, a price-to-earnings ratio of 46.00, a price-to-earnings-growth ratio of 4.86 and a beta of 1.11. Palo Alto Networks, Inc. has a one year low of $201.17 and a one year high of $380.84. The company’s fifty day moving average price is $298.99 and its 200 day moving average price is $305.45.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, May 20th. The network technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. The business had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. Palo Alto Networks’s revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, April 17th. Evercore ISI dropped their price target on Palo Alto Networks from $405.00 to $385.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 14th. Daiwa America upgraded Palo Alto Networks to a “strong-buy” rating in a report on Wednesday, May 29th. Sanford C. Bernstein upped their price target on Palo Alto Networks from $335.00 to $364.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 21st. Finally, Barclays lowered their price objective on shares of Palo Alto Networks from $400.00 to $345.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Twelve investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $322.78.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director John P. Key sold 2,163 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $305.41, for a total value of $660,601.83. Following the completion of the sale, the director now owns 12,639 shares in the company, valued at approximately $3,860,076.99. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Palo Alto Networks news, Director John P. Key sold 2,163 shares of the business’s stock in a transaction on Monday, June 10th. The stock was sold at an average price of $305.41, for a total value of $660,601.83. Following the transaction, the director now owns 12,639 shares of the company’s stock, valued at $3,860,076.99. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 121,276 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $299.60, for a total value of $36,334,289.60. Following the sale, the executive vice president now directly owns 166,542 shares of the company’s stock, valued at $49,895,983.20. The disclosure for this sale can be found here. Insiders have sold 258,182 shares of company stock valued at $74,850,597 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

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.