Integral Investment Advisors Inc. Reduces Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Integral Investment Advisors Inc. lowered its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,438 shares of the network technology company’s stock after selling 145 shares during the quarter. Palo Alto Networks comprises about 0.6% of Integral Investment Advisors Inc.’s holdings, making the stock its 25th biggest holding. Integral Investment Advisors Inc.’s holdings in Palo Alto Networks were worth $1,014,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Covestor Ltd boosted its stake in Palo Alto Networks by 61.8% during the first quarter. Covestor Ltd now owns 55 shares of the network technology company’s stock worth $35,000 after buying an additional 21 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of Palo Alto Networks by 0.8% during the first quarter. Geneos Wealth Management Inc. now owns 2,961 shares of the network technology company’s stock worth $1,843,000 after purchasing an additional 23 shares in the last quarter. Brighton Jones LLC lifted its position in shares of Palo Alto Networks by 6.5% during the first quarter. Brighton Jones LLC now owns 425 shares of the network technology company’s stock worth $265,000 after purchasing an additional 26 shares in the last quarter. Penserra Capital Management LLC lifted its position in shares of Palo Alto Networks by 6.4% during the first quarter. Penserra Capital Management LLC now owns 452 shares of the network technology company’s stock worth $281,000 after purchasing an additional 27 shares in the last quarter. Finally, MV Capital Management Inc. lifted its position in shares of Palo Alto Networks by 37.2% during the fourth quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock worth $32,000 after purchasing an additional 29 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the sale, the executive vice president now directly owns 174,075 shares of the company’s stock, valued at approximately $46,659,063. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Lee Klarich sold 60,000 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the completion of the transaction, the executive vice president now directly owns 174,075 shares in the company, valued at approximately $46,659,063. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, President William D. Jenkins, Jr. sold 1,867 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $280.13, for a total value of $523,002.71. Following the transaction, the president now owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The disclosure for this sale can be found here. Insiders have sold a total of 167,917 shares of company stock valued at $49,395,553 in the last three months. Corporate insiders own 3.30% of the company’s stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock traded up $3.41 during midday trading on Thursday, hitting $280.74. 2,548,459 shares of the company were exchanged, compared to its average volume of 5,576,654. The company’s fifty day moving average price is $299.16 and its 200-day moving average price is $290.18. The company has a market cap of $90.71 billion, a PE ratio of 44.04, a price-to-earnings-growth ratio of 3.75 and a beta of 1.19. Palo Alto Networks, Inc. has a fifty-two week low of $176.30 and a fifty-two week high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.58 by $0.22. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, analysts expect that Palo Alto Networks, Inc. will post 2.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Westpark Capital reaffirmed a “hold” rating on shares of Palo Alto Networks in a report on Monday, January 29th. Susquehanna reduced their target price on shares of Palo Alto Networks from $400.00 to $325.00 and set a “positive” rating on the stock in a report on Monday, February 26th. Loop Capital cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating and set a $300.00 target price on the stock. in a report on Wednesday, February 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of Palo Alto Networks in a research note on Wednesday. Finally, Wedbush increased their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Eleven investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $314.82.

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.