SRS Capital Advisors Inc. Has $167,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

SRS Capital Advisors Inc. lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 312.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 916 shares of the network technology company’s stock after acquiring an additional 694 shares during the period. SRS Capital Advisors Inc.’s holdings in Palo Alto Networks were worth $167,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. SJS Investment Consulting Inc. raised its position in shares of Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Valued Wealth Advisors LLC grew its stake in shares of Palo Alto Networks by 246.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after purchasing an additional 101 shares during the period. Abound Wealth Management increased its holdings in Palo Alto Networks by 97.3% in the fourth 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 last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake in Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its holdings in Palo Alto Networks by 102.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock worth $28,000 after buying an additional 79 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Down 0.1 %

NASDAQ:PANW opened at $184.28 on Thursday. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39. The firm has a market capitalization of $122.01 billion, a price-to-earnings ratio of 103.82, a P/E/G ratio of 5.64 and a beta of 1.14. The stock’s 50 day moving average price is $186.34 and its two-hundred day moving average price is $184.74.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on PANW. Evercore ISI cut their price target on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 31st. Rosenblatt Securities increased their target price on shares of Palo Alto Networks from $212.50 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Citigroup boosted their price target on shares of Palo Alto Networks from $205.00 to $220.00 and gave the company a “buy” rating in a report on Tuesday, February 25th. Stifel Nicolaus raised their price objective on Palo Alto Networks from $192.50 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, UBS Group boosted their target price on Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.06.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the transaction, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at $8,694,210.72. This represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 99,707 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the sale, the executive vice president now owns 358,197 shares of the company’s stock, valued at $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock valued at $204,315,811 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

About Palo Alto Networks

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.