Little House Capital LLC Lowers Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Little House Capital LLC decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,570 shares of the network technology company’s stock after selling 38 shares during the quarter. Little House Capital LLC’s holdings in Palo Alto Networks were worth $730,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PANW. GSG Advisors LLC boosted its stake in Palo Alto Networks by 1.0% in the 4th quarter. GSG Advisors LLC now owns 5,160 shares of the network technology company’s stock worth $1,478,000 after buying an additional 51 shares during the last quarter. Spirit of America Management Corp NY lifted its holdings in shares of Palo Alto Networks by 50.0% during the 4th quarter. Spirit of America Management Corp NY now owns 300 shares of the network technology company’s stock worth $88,000 after acquiring an additional 100 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Palo Alto Networks by 31.4% in the fourth quarter. Beacon Pointe Advisors LLC now owns 112,040 shares of the network technology company’s stock valued at $33,038,000 after purchasing an additional 26,767 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Palo Alto Networks by 9.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,726 shares of the network technology company’s stock worth $7,291,000 after purchasing an additional 2,225 shares during the last quarter. Finally, Sunbelt Securities Inc. raised its stake in Palo Alto Networks by 91.0% during the first quarter. Sunbelt Securities Inc. now owns 1,683 shares of the network technology company’s stock worth $478,000 after purchasing an additional 802 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity

In related news, President William D. Jenkins, Jr. sold 1,621 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $306.92, for a total value of $497,517.32. Following the completion of the transaction, the president now directly owns 20,501 shares of the company’s stock, valued at approximately $6,292,166.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Lee Klarich sold 121,276 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $299.60, for a total value of $36,334,289.60. Following the completion of the transaction, the executive vice president now directly owns 166,542 shares in the company, valued at $49,895,983.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President William D. Jenkins, Jr. sold 1,621 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $306.92, for a total value of $497,517.32. Following the sale, the president now directly owns 20,501 shares in the company, valued at approximately $6,292,166.92. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 258,182 shares of company stock valued at $74,850,597. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Oppenheimer restated an “outperform” rating and set a $330.00 price objective on shares of Palo Alto Networks in a report on Tuesday, May 21st. Robert W. Baird raised their price objective on Palo Alto Networks from $340.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday. Evercore ISI decreased their target price on Palo Alto Networks from $405.00 to $385.00 and set an “outperform” rating for the company in a report on Tuesday, May 14th. Wedbush restated an “outperform” rating and issued a $375.00 price target on shares of Palo Alto Networks in a report on Tuesday, May 21st. Finally, Citigroup boosted their price objective on shares of Palo Alto Networks from $335.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Twelve analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.29.

Palo Alto Networks Price Performance

NASDAQ:PANW traded up $0.61 during midday trading on Monday, reaching $339.62. 1,757,863 shares of the company traded hands, compared to its average volume of 4,820,889. The firm has a market capitalization of $109.97 billion, a price-to-earnings ratio of 49.64, a price-to-earnings-growth ratio of 5.19 and a beta of 1.14. The company has a fifty day moving average price of $307.06 and a 200 day moving average price of $307.11. Palo Alto Networks, Inc. has a twelve month low of $201.17 and a twelve month high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, May 20th. The network technology company reported $1.32 EPS for the quarter, topping the consensus estimate of $1.25 by $0.07. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a net margin of 31.42% and a return on equity of 32.74%. The company’s quarterly revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.38 earnings per share. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.94 earnings per share for the current fiscal year.

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.