Pinnacle Wealth Planning Services Inc. Buys 113 Shares of Palo Alto Networks Inc (PANW)

Pinnacle Wealth Planning Services Inc. boosted its position in shares of Palo Alto Networks Inc (NYSE:PANW) by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,131 shares of the network technology company’s stock after buying an additional 113 shares during the quarter. Pinnacle Wealth Planning Services Inc.’s holdings in Palo Alto Networks were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Bruderman Asset Management LLC purchased a new stake in Palo Alto Networks in the fourth quarter worth about $38,000. Karp Capital Management Corp bought a new position in Palo Alto Networks in the fourth quarter worth about $40,000. Financial Advocates Investment Management raised its holdings in Palo Alto Networks by 65.2% in the fourth quarter. Financial Advocates Investment Management now owns 114 shares of the network technology company’s stock worth $43,000 after purchasing an additional 45 shares in the last quarter. Captrust Financial Advisors raised its holdings in Palo Alto Networks by 278.8% in the fourth quarter. Captrust Financial Advisors now owns 250 shares of the network technology company’s stock worth $47,000 after purchasing an additional 184 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in Palo Alto Networks by 26.6% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 262 shares of the network technology company’s stock worth $49,000 after purchasing an additional 55 shares in the last quarter. 80.88% of the stock is owned by institutional investors.

In related news, Director Mark D. Mclaughlin sold 40,000 shares of the stock in a transaction on Friday, February 1st. The stock was sold at an average price of $216.37, for a total value of $8,654,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Nir Zuk sold 30,000 shares of the stock in a transaction on Friday, February 1st. The shares were sold at an average price of $217.66, for a total value of $6,529,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 242,044 shares of company stock worth $56,171,679 in the last quarter. Insiders own 3.10% of the company’s stock.

Shares of NYSE:PANW traded down $3.97 during midday trading on Friday, reaching $235.46. 1,052,474 shares of the company’s stock traded hands, compared to its average volume of 1,053,591. Palo Alto Networks Inc has a 1 year low of $160.08 and a 1 year high of $260.63. The firm has a market capitalization of $22.07 billion, a price-to-earnings ratio of -428.11, a price-to-earnings-growth ratio of 10.53 and a beta of 0.85. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.87 and a quick ratio of 1.87.

Palo Alto Networks (NYSE:PANW) last announced its earnings results on Tuesday, February 26th. The network technology company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.20. Palo Alto Networks had a positive return on equity of 4.69% and a negative net margin of 3.47%. The firm had revenue of $711.00 million for the quarter, compared to analyst estimates of $682.32 million. During the same quarter last year, the firm posted $0.97 EPS. The business’s revenue was up 30.3% on a year-over-year basis. On average, sell-side analysts expect that Palo Alto Networks Inc will post 0.96 earnings per share for the current year.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Thursday. Mizuho assumed coverage on shares of Palo Alto Networks in a report on Tuesday, March 26th. They issued a “buy” rating and a $285.00 target price for the company. Oppenheimer boosted their target price on shares of Palo Alto Networks from $270.00 to $285.00 and gave the stock an “outperform” rating in a report on Wednesday, February 27th. Dougherty & Co restated a “buy” rating and set a $300.00 price objective (up previously from $260.00) on shares of Palo Alto Networks in a report on Wednesday, February 27th. Finally, Monness Crespi & Hardt restated a “buy” rating and set a $280.00 price objective (up previously from $235.00) on shares of Palo Alto Networks in a report on Wednesday, February 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, twenty-nine have issued a buy rating and two have assigned a strong buy rating to the stock. Palo Alto Networks currently has an average rating of “Buy” and a consensus price target of $268.85.

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Palo Alto Networks Profile

Palo Alto Networks, Inc provides security platform solutions worldwide. The company provides firewall appliances and software; Panorama, a security management solution for the control of appliances deployed on an end-customer's network as a virtual or a physical appliance; and Virtual System Upgrades, which are available as extensions to the virtual system capacity that ships with physical appliances.

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Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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