Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Position Increased by Integral Investment Advisors Inc.

Integral Investment Advisors Inc. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 108.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,648 shares of the network technology company’s stock after purchasing an additional 6,057 shares during the quarter. Palo Alto Networks comprises 0.7% of Integral Investment Advisors Inc.’s holdings, making the stock its 28th biggest position. Integral Investment Advisors Inc.’s holdings in Palo Alto Networks were worth $2,119,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of PANW. Wealthspire Advisors LLC raised its position in shares of Palo Alto Networks by 114.3% during the 4th quarter. Wealthspire Advisors LLC now owns 13,742 shares of the network technology company’s stock worth $2,500,000 after buying an additional 7,330 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of Palo Alto Networks by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 1,160 shares of the network technology company’s stock worth $211,000 after buying an additional 580 shares in the last quarter. Cohen Capital Management Inc. raised its position in shares of Palo Alto Networks by 110.8% during the 4th quarter. Cohen Capital Management Inc. now owns 1,948 shares of the network technology company’s stock worth $354,000 after buying an additional 1,024 shares in the last quarter. Marshall Investment Management LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter worth about $160,000. Finally, TCW Group Inc. raised its position in shares of Palo Alto Networks by 93.7% during the 4th quarter. TCW Group Inc. now owns 1,008,149 shares of the network technology company’s stock worth $183,443,000 after buying an additional 487,654 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on PANW shares. Westpark Capital restated a “hold” rating and set a $196.40 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Susquehanna boosted their target price on shares of Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Needham & Company LLC boosted their target price on shares of Palo Alto Networks from $192.50 to $225.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Morgan Stanley boosted their target price on shares of Palo Alto Networks from $223.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Finally, Hsbc Global Res downgraded shares of Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a report on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.69.

Palo Alto Networks Price Performance

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

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. Analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the transaction, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at $8,694,210.72. This represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nir Zuk sold 336,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $193.70, for a total transaction of $65,081,520.00. Following the completion of the transaction, the executive vice president now directly owns 3,643,516 shares in the company, valued at approximately $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 1,458,864 shares of company stock valued at $269,397,331 in the last quarter. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Company 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.