Missouri Trust & Investment Co Has $3.44 Million Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Missouri Trust & Investment Co increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,060 shares of the network technology company’s stock after acquiring an additional 304 shares during the period. Palo Alto Networks comprises approximately 1.2% of Missouri Trust & Investment Co’s investment portfolio, making the stock its 12th largest holding. Missouri Trust & Investment Co’s holdings in Palo Alto Networks were worth $3,439,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PANW. Aigen Investment Management LP bought a new position in shares of Palo Alto Networks in the 3rd quarter valued at about $797,000. Prime Capital Investment Advisors LLC increased its position in Palo Alto Networks by 16.7% during the third quarter. Prime Capital Investment Advisors LLC now owns 15,271 shares of the network technology company’s stock worth $5,220,000 after buying an additional 2,189 shares during the last quarter. Savvy Advisors Inc. raised its stake in Palo Alto Networks by 125.3% in the third quarter. Savvy Advisors Inc. now owns 1,890 shares of the network technology company’s stock valued at $646,000 after buying an additional 1,051 shares during the period. Proactive Wealth Strategies LLC acquired a new stake in shares of Palo Alto Networks in the third quarter valued at approximately $3,571,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Palo Alto Networks by 1.7% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 765,758 shares of the network technology company’s stock worth $261,736,000 after acquiring an additional 12,824 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palo Alto Networks

In other news, Director Mary Pat Mccarthy sold 1,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $341.44, for a total transaction of $341,440.00. Following the transaction, the director now owns 41,517 shares in the company, valued at approximately $14,175,564.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mary Pat Mccarthy sold 1,000 shares of Palo Alto Networks stock in a transaction on Monday, August 19th. The stock was sold at an average price of $341.44, for a total transaction of $341,440.00. Following the sale, the director now directly owns 41,517 shares in the company, valued at $14,175,564.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 60,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $344.98, for a total value of $20,698,800.00. Following the completion of the sale, the executive vice president now owns 159,009 shares in the company, valued at $54,854,924.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 255,252 shares of company stock valued at $89,383,077 in the last quarter. 3.30% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW traded down $1.44 during midday trading on Tuesday, reaching $396.66. The stock had a trading volume of 380,150 shares, compared to its average volume of 3,865,656. Palo Alto Networks, Inc. has a twelve month low of $234.15 and a twelve month high of $400.69. The company’s 50 day moving average price is $355.84 and its 200 day moving average price is $333.78. The firm has a market cap of $129.15 billion, a price-to-earnings ratio of 54.91, a price-to-earnings-growth ratio of 5.68 and a beta of 1.12.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 earnings per share for the quarter, topping 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 firm had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same period last year, the business posted $0.80 EPS. The business’s revenue was up 12.1% compared to the same quarter last year. Equities analysts forecast that Palo Alto Networks, Inc. will post 3.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Northland Securities lifted 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. Needham & Company LLC increased their target price on Palo Alto Networks from $345.00 to $385.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Sanford C. Bernstein boosted their price target on Palo Alto Networks from $364.00 to $399.00 and gave the company an “outperform” rating in a research note on Tuesday, August 20th. Wedbush reiterated an “outperform” rating and set a $375.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 16th. Finally, Redburn Atlantic cut shares of Palo Alto Networks from a “buy” rating to a “neutral” rating and reduced their target price for the company from $350.00 to $325.00 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $378.87.

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.