Cobblestone Capital Advisors LLC NY Purchases 846 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Cobblestone Capital Advisors LLC NY raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 110.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,610 shares of the network technology company’s stock after acquiring an additional 846 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Palo Alto Networks were worth $293,000 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. SJS Investment Consulting Inc. lifted its position in shares of Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after acquiring an additional 69 shares in the last quarter. Valued Wealth Advisors LLC raised its stake in shares of Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Abound Wealth Management raised its stake in shares of Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its holdings in Palo Alto Networks by 265.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock worth $28,000 after purchasing an additional 79 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $190.43 on Friday. The stock has a market capitalization of $126.08 billion, a PE ratio of 107.29, a PEG ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39. The business’s 50-day moving average is $186.64 and its 200 day moving average is $184.44.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nikesh Arora sold 176,242 shares of Palo Alto Networks stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $180.04, for a total value of $31,730,609.68. Following the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $195,596,176.16. The trade was a 13.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock worth $204,315,811 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Westpark Capital reissued a “hold” rating and issued a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Morgan Stanley increased their target price on shares of Palo Alto Networks from $223.00 to $230.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. HSBC downgraded shares of Palo Alto Networks from a “hold” rating to a “reduce” rating and cut their price target for the company from $152.00 to $145.50 in a report on Friday, November 22nd. Wells Fargo & Company increased their price objective on Palo Alto Networks from $208.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Finally, JMP Securities lifted their price objective on Palo Alto Networks from $208.00 to $212.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average target price of $205.06.

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.