Guyasuta Investment Advisors Inc. Sells 187 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Guyasuta Investment Advisors Inc. lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,883 shares of the network technology company’s stock after selling 187 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Palo Alto Networks were worth $555,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Palo Alto Networks by 1.2% in the third quarter. Vanguard Group Inc. now owns 26,511,732 shares of the network technology company’s stock worth $6,215,410,000 after acquiring an additional 304,272 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Palo Alto Networks by 2.6% in the third quarter. Northern Trust Corp now owns 3,430,299 shares of the network technology company’s stock valued at $804,199,000 after purchasing an additional 86,995 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of Palo Alto Networks by 83.1% in the fourth quarter. Jennison Associates LLC now owns 2,616,803 shares of the network technology company’s stock valued at $771,643,000 after purchasing an additional 1,187,915 shares in the last quarter. International Assets Investment Management LLC lifted its holdings in shares of Palo Alto Networks by 29,086.9% in the fourth quarter. International Assets Investment Management LLC now owns 2,057,968 shares of the network technology company’s stock valued at $606,854,000 after purchasing an additional 2,050,917 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Palo Alto Networks by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,662,820 shares of the network technology company’s stock valued at $389,832,000 after purchasing an additional 36,859 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 60,000 shares of the business’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $284.33, for a total transaction of $17,059,800.00. Following the completion of the transaction, the executive vice president now directly owns 198,105 shares in the company, valued at $56,327,194.65. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, CAO Josh D. Paul sold 1,050 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $280.00, for a total value of $294,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,247 shares in the company, valued at approximately $7,629,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee Klarich sold 60,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $284.33, for a total value of $17,059,800.00. Following the completion of the transaction, the executive vice president now owns 198,105 shares of the company’s stock, valued at $56,327,194.65. The disclosure for this sale can be found here. Insiders sold a total of 122,917 shares of company stock worth $33,959,203 over the last ninety days. 3.30% of the stock is owned by corporate insiders.

Palo Alto Networks Stock Up 0.7 %

Palo Alto Networks stock opened at $293.41 on Tuesday. Palo Alto Networks, Inc. has a 52 week low of $176.30 and a 52 week high of $380.84. The business has a 50-day simple moving average of $286.15 and a 200 day simple moving average of $292.81. The stock has a market cap of $94.80 billion, a price-to-earnings ratio of 45.85, a PEG ratio of 3.96 and a beta of 1.19.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.58 by $0.22. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. The business had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.77 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on PANW. Scotiabank dropped their target price on Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 21st. Susquehanna dropped their target price on Palo Alto Networks from $400.00 to $325.00 and set a “positive” rating on the stock in a report on Monday, February 26th. Citigroup raised their target price on Palo Alto Networks from $280.00 to $335.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “buy” rating and set a $330.00 price target on shares of Palo Alto Networks in a research report on Wednesday, March 13th. Finally, BMO Capital Markets decreased their price target on Palo Alto Networks from $378.00 to $327.00 and set an “outperform” rating for the company in a research report on Wednesday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $314.82.

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.