Oxler Private Wealth LLC Purchases 6,300 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Oxler Private Wealth LLC lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) by 477.3% during the first quarter, HoldingsChannel reports. The firm owned 7,620 shares of the network technology company’s stock after purchasing an additional 6,300 shares during the period. Palo Alto Networks comprises 0.8% of Oxler Private Wealth LLC’s investment portfolio, making the stock its 28th biggest position. Oxler Private Wealth LLC’s holdings in Palo Alto Networks were worth $2,165,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. GSG Advisors LLC lifted its stake in shares of Palo Alto Networks by 1.0% in the fourth quarter. GSG Advisors LLC now owns 5,160 shares of the network technology company’s stock valued at $1,478,000 after buying an additional 51 shares during the period. Spirit of America Management Corp NY grew 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 purchasing an additional 100 shares in the last quarter. Beacon Pointe Advisors LLC increased its position in shares of Palo Alto Networks by 31.4% during 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 raised its stake in shares of Palo Alto Networks by 9.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,726 shares of the network technology company’s stock valued at $7,291,000 after purchasing an additional 2,225 shares in the last quarter. Finally, Oliver Lagore Vanvalin Investment Group lifted its position in Palo Alto Networks by 46.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 4,178 shares of the network technology company’s stock worth $1,232,000 after purchasing an additional 1,325 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

PANW traded down $12.11 during midday trading on Tuesday, reaching $311.66. 13,753,051 shares of the company were exchanged, compared to its average volume of 5,186,567. The stock has a market capitalization of $100.70 billion, a P/E ratio of 48.70, a PEG ratio of 4.32 and a beta of 1.18. Palo Alto Networks, Inc. has a one year low of $188.30 and a one year high of $380.84. The stock’s 50-day simple moving average is $288.74 and its 200 day simple moving average is $299.00.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last released its quarterly earnings data on Monday, May 20th. The network technology company reported $1.32 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.07. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. During the same quarter last year, the firm earned $0.38 EPS. Palo Alto Networks’s quarterly revenue was up 15.3% compared to the same quarter last year. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.77 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PANW shares. Northland Securities downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and set a $275.00 price objective for the company. in a report on Wednesday, February 21st. Redburn Atlantic upped their price objective on Palo Alto Networks from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. JPMorgan Chase & Co. raised their target price on Palo Alto Networks from $330.00 to $340.00 and gave the stock an “overweight” rating in a research report on Thursday, May 16th. Rosenblatt Securities lowered Palo Alto Networks from a “buy” rating to a “neutral” rating and decreased their price target for the company from $290.00 to $265.00 in a research note on Wednesday, February 21st. Finally, Mizuho dropped their price objective on Palo Alto Networks from $405.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Twelve analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $317.20.

Check Out Our Latest Research Report on Palo Alto Networks

Insider Activity

In other news, President William D. Jenkins, Jr. sold 1,867 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $280.13, for a total transaction of $523,002.71. Following the sale, the president now owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Josh D. Paul sold 1,050 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $280.00, for a total value of $294,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,247 shares of the company’s stock, valued at approximately $7,629,160. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President William D. Jenkins, Jr. sold 1,867 shares of Palo Alto Networks stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $280.13, for a total value of $523,002.71. Following the completion of the sale, the president now directly owns 25,812 shares in the company, valued at approximately $7,230,715.56. The disclosure for this sale can be found here. Insiders sold 280,193 shares of company stock valued at $80,670,132 in the last quarter. Company insiders own 3.30% of the company’s stock.

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.

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

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