Colonial Trust Advisors Has $18.32 Million Stock Position in Palo Alto Networks, Inc. $PANW

Colonial Trust Advisors decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) by 0.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,334 shares of the network technology company’s stock after selling 203 shares during the period. Palo Alto Networks accounts for approximately 1.6% of Colonial Trust Advisors’ holdings, making the stock its 15th biggest holding. Colonial Trust Advisors’ holdings in Palo Alto Networks were worth $18,315,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PANW. Nuveen LLC bought a new stake in Palo Alto Networks during the 1st quarter worth about $810,047,000. Northern Trust Corp raised its holdings in Palo Alto Networks by 133.7% during the 4th quarter. Northern Trust Corp now owns 7,842,647 shares of the network technology company’s stock worth $1,427,048,000 after purchasing an additional 4,486,654 shares during the last quarter. Nuveen Asset Management LLC raised its holdings in Palo Alto Networks by 98.0% during the 4th quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company’s stock worth $1,120,615,000 after purchasing an additional 3,047,625 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Palo Alto Networks by 92.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company’s stock worth $1,082,895,000 after purchasing an additional 2,862,718 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in Palo Alto Networks by 18,802.8% during the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company’s stock worth $411,292,000 after purchasing an additional 2,397,539 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PANW shares. Roth Capital started coverage on Palo Alto Networks in a report on Thursday, May 15th. They set a “neutral” rating and a $210.00 price objective for the company. Morgan Stanley set a $496.00 price objective on Palo Alto Networks in a report on Thursday, August 7th. KeyCorp cut Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. Sanford C. Bernstein set a $225.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $223.00 price objective on shares of Palo Alto Networks in a report on Friday. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $217.79.

Check Out Our Latest Analysis on Palo Alto Networks

Palo Alto Networks Stock Down 0.5%

NASDAQ:PANW opened at $176.17 on Tuesday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The business has a 50 day moving average price of $191.59 and a two-hundred day moving average price of $186.35. The company has a market cap of $117.47 billion, a P/E ratio of 100.67, a price-to-earnings-growth ratio of 4.35 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 19.48% and a net margin of 13.95%. The firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aparna Bawa sold 526 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $190.00, for a total value of $99,940.00. Following the completion of the sale, the director directly owned 8,632 shares of the company’s stock, valued at approximately $1,640,080. The trade was a 5.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 669,248 shares of company stock worth $126,423,337 in the last quarter. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Profile

(Free Report)

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.

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

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