FinTrust Capital Advisors LLC Has $76,000 Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

FinTrust Capital Advisors LLC decreased its stake in Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) by 76.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 267 shares of the network technology company’s stock after selling 859 shares during the quarter. FinTrust Capital Advisors LLC’s holdings in Palo Alto Networks were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC acquired a new position in Palo Alto Networks in the fourth quarter valued at about $27,000. Webster Bank N. A. raised its position in shares of Palo Alto Networks by 607.1% during the fourth quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock worth $29,000 after purchasing an additional 85 shares during the period. Financial Synergies Wealth Advisors Inc. raised its position in shares of Palo Alto Networks by 3,200.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company’s stock worth $28,000 after purchasing an additional 96 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of Palo Alto Networks by 87.0% during the fourth quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company’s stock worth $30,000 after purchasing an additional 47 shares during the period. Finally, Ulland Investment Advisors LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth about $30,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PANW shares. Daiwa Capital Markets started coverage on Palo Alto Networks in a report on Wednesday, May 29th. They set an “outperform” rating and a $350.00 price objective for the company. Evercore ISI decreased their price objective 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. Susquehanna increased their price objective on Palo Alto Networks from $325.00 to $340.00 and gave the stock a “positive” rating in a report on Tuesday, May 21st. Morgan Stanley reiterated an “overweight” rating and set a $360.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 12th. Finally, Needham & Company LLC restated a “buy” rating and issued a $345.00 price target on shares of Palo Alto Networks in a research note on Tuesday, May 21st. Twelve research analysts have rated the stock with a hold rating, thirty have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $326.29.

View Our Latest Stock Report on PANW

Insider Activity at Palo Alto Networks

In related news, EVP Nir Zuk sold 36,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $288.24, for a total transaction of $10,376,640.00. Following the transaction, the executive vice president now directly owns 1,295,567 shares of the company’s stock, valued at approximately $373,434,232.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, EVP Lee Klarich sold 121,276 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $299.60, for a total value of $36,334,289.60. Following the transaction, the executive vice president now owns 166,542 shares in the company, valued at $49,895,983.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nir Zuk sold 36,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $288.24, for a total value of $10,376,640.00. Following the completion of the transaction, the executive vice president now owns 1,295,567 shares in the company, valued at approximately $373,434,232.08. The disclosure for this sale can be found here. Insiders have sold a total of 302,525 shares of company stock worth $93,982,207 in the last 90 days. Corporate insiders own 3.30% of the company’s stock.

Palo Alto Networks Stock Down 1.3 %

Shares of NASDAQ PANW traded down $4.55 during trading on Tuesday, reaching $333.09. The company had a trading volume of 535,599 shares, compared to its average volume of 4,707,025. The company’s fifty day moving average price is $313.08 and its 200-day moving average price is $308.65. Palo Alto Networks, Inc. has a 12 month low of $201.17 and a 12 month high of $380.84. The stock has a market cap of $107.85 billion, a P/E ratio of 48.41, a PEG ratio of 5.24 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last announced its earnings results on Monday, May 20th. The network technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter in the prior year, the company earned $0.38 EPS. The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 2.94 earnings per share for the current year.

Palo Alto Networks Company 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.

See Also

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

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