Register Financial Advisors LLC Acquires 40 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Register Financial Advisors LLC increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 737 shares of the network technology company’s stock after purchasing an additional 40 shares during the quarter. Register Financial Advisors LLC’s holdings in Palo Alto Networks were worth $209,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Frank Rimerman Advisors LLC bought a new stake in Palo Alto Networks during the fourth quarter valued at $27,000. Financial Synergies Wealth Advisors Inc. boosted its position in Palo Alto Networks by 3,200.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 96 shares during the last quarter. Webster Bank N. A. boosted its position in Palo Alto Networks by 607.1% during the fourth quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 85 shares during the last quarter. Cedar Mountain Advisors LLC boosted its position in 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 valued at $30,000 after acquiring an additional 47 shares during the last quarter. Finally, Central Bank & Trust Co. boosted its position in Palo Alto Networks by 89.3% during the first quarter. Central Bank & Trust Co. now owns 106 shares of the network technology company’s stock valued at $30,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Redburn Atlantic upped their price target on shares of Palo Alto Networks from $275.00 to $350.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. BMO Capital Markets upped their price target on shares of Palo Alto Networks from $327.00 to $334.00 and gave the company an “outperform” rating in a research report on Tuesday, May 21st. Argus upped their price objective on shares of Palo Alto Networks from $336.00 to $348.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Susquehanna upped their price objective on shares of Palo Alto Networks from $325.00 to $340.00 and gave the company a “positive” rating in a report on Tuesday, May 21st. Finally, DA Davidson started coverage on shares of Palo Alto Networks in a report on Friday, June 21st. They set a “buy” rating and a $380.00 price objective on the stock. Twelve analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $326.29.

Insider Activity

In other news, Director Aparna Bawa sold 322 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $310.00, for a total transaction of $99,820.00. Following the completion of the transaction, the director now directly owns 3,767 shares of the company’s stock, valued at approximately $1,167,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Lee Klarich sold 121,276 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 166,542 shares of the company’s stock, valued at approximately $49,895,983.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Aparna Bawa sold 322 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $310.00, for a total transaction of $99,820.00. Following the completion of the transaction, the director now directly owns 3,767 shares of the company’s stock, valued at $1,167,770. The disclosure for this sale can be found here. Insiders sold 258,182 shares of company stock valued at $74,850,597 in the last three months. Company insiders own 3.30% of the company’s stock.

Palo Alto Networks Stock Down 0.5 %

Palo Alto Networks stock opened at $339.01 on Friday. Palo Alto Networks, Inc. has a twelve month low of $201.17 and a twelve month high of $380.84. The firm has a 50 day moving average price of $307.06 and a 200-day moving average price of $307.14. The company has a market capitalization of $109.77 billion, a P/E ratio of 49.27, a P/E/G ratio of 5.22 and a beta of 1.10.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Monday, May 20th. The network technology company reported $1.32 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.07. Palo Alto Networks had a net margin of 31.42% and a return on equity of 32.74%. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 15.3% compared to the same quarter last year. Equities analysts expect that Palo Alto Networks, Inc. will post 2.94 EPS for the current fiscal year.

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.