TFB Advisors LLC Has $523,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

TFB Advisors LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,531 shares of the network technology company’s stock after selling 56 shares during the quarter. TFB Advisors LLC’s holdings in Palo Alto Networks were worth $523,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Pathway Financial Advisers LLC bought a new stake in shares of Palo Alto Networks in the first quarter valued at approximately $25,000. Capital Advisors Ltd. LLC lifted its holdings in shares of Palo Alto Networks by 113.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock worth $26,000 after acquiring an additional 41 shares during the period. Sound Income Strategies LLC increased its stake in Palo Alto Networks by 352.6% in the third quarter. Sound Income Strategies LLC now owns 86 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 67 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its position in Palo Alto Networks by 177.4% during the third quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock valued at $29,000 after purchasing an additional 55 shares in the last quarter. Finally, Cape Investment Advisory Inc. lifted its stake in Palo Alto Networks by 1,111.1% during the first quarter. Cape Investment Advisory Inc. now owns 109 shares of the network technology company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In related news, CEO Nikesh Arora sold 66,666 shares of the stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $342.98, for a total transaction of $22,865,104.68. Following the completion of the sale, the chief executive officer now directly owns 639,994 shares in the company, valued at $219,505,142.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Nikesh Arora sold 66,666 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $342.98, for a total transaction of $22,865,104.68. Following the completion of the sale, the chief executive officer now directly owns 639,994 shares in the company, valued at approximately $219,505,142.12. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 36,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $332.50, for a total value of $11,970,000.00. Following the transaction, the executive vice president now owns 1,115,567 shares in the company, valued at approximately $370,926,027.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,252 shares of company stock valued at $89,383,077. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Stock Up 0.5 %

NASDAQ PANW opened at $387.00 on Friday. The stock’s 50-day simple moving average is $353.98 and its two-hundred day simple moving average is $331.32. Palo Alto Networks, Inc. has a twelve month low of $234.15 and a twelve month high of $387.21. The company has a market capitalization of $126.01 billion, a price-to-earnings ratio of 53.38, a PEG ratio of 5.23 and a beta of 1.12.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.10. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The company had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. During the same period last year, the firm posted $0.80 EPS. Palo Alto Networks’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, equities analysts expect that Palo Alto Networks, Inc. will post 3.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PANW has been the topic of several research reports. Barclays boosted their price target on Palo Alto Networks from $370.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Northland Securities upped their target price on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock a “market perform” rating in a report on Tuesday, August 20th. OTR Global reissued a “negative” rating on shares of Palo Alto Networks in a report on Thursday. Bank of America raised their target price on Palo Alto Networks from $370.00 to $400.00 and gave the company a “neutral” rating in a report on Wednesday, August 21st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Palo Alto Networks from $330.00 to $395.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $378.49.

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.