Wealthstreet Investment Advisors LLC bought a new stake in Palo Alto Networks Inc (NYSE:PANW) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,195 shares of the network technology company’s stock, valued at approximately $1,768,000.

Other hedge funds have also added to or reduced their stakes in the company. Cerebellum GP LLC bought a new position in Palo Alto Networks during the fourth quarter valued at $127,000. Penserra Capital Management LLC bought a new position in Palo Alto Networks during the third quarter valued at $162,000. Benjamin F. Edwards & Company Inc. grew its holdings in Palo Alto Networks by 495.2% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock valued at $178,000 after purchasing an additional 1,025 shares during the period. SeaCrest Wealth Management LLC bought a new position in Palo Alto Networks during the fourth quarter valued at $192,000. Finally, Shelton Capital Management bought a new position in Palo Alto Networks during the second quarter valued at $201,000. 79.18% of the stock is owned by institutional investors.

In other Palo Alto Networks news, CMO Rene Bonvanie sold 16,596 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $151.83, for a total transaction of $2,519,770.68. Following the sale, the chief marketing officer now owns 95,584 shares in the company, valued at $14,512,518.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nir Zuk sold 2,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $144.28, for a total value of $288,560.00. The disclosure for this sale can be found here. Insiders sold 396,644 shares of company stock worth $59,381,588 in the last quarter. 4.80% of the stock is currently owned by company insiders.

Shares of Palo Alto Networks Inc (PANW) opened at $154.63 on Tuesday. Palo Alto Networks Inc has a 12-month low of $107.31 and a 12-month high of $160.83. The stock has a market capitalization of $14,210.00, a price-to-earnings ratio of -62.86 and a beta of 1.04.

Palo Alto Networks (NYSE:PANW) last issued its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.06. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The company had revenue of $505.50 million for the quarter, compared to the consensus estimate of $489.36 million. During the same quarter last year, the business posted $0.55 earnings per share. The firm’s revenue was up 27.0% compared to the same quarter last year. analysts expect that Palo Alto Networks Inc will post -0.37 earnings per share for the current fiscal year.

Several equities analysts have weighed in on PANW shares. Oppenheimer reissued a “buy” rating and set a $180.00 price objective (up from $173.00) on shares of Palo Alto Networks in a report on Tuesday, November 21st. Zacks Investment Research lowered Palo Alto Networks from a “hold” rating to a “sell” rating in a report on Monday, November 13th. Northland Securities set a $175.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, October 18th. Telsey Advisory Group increased their price objective on Palo Alto Networks from $165.00 to $175.00 and gave the company an “outperform” rating in a report on Wednesday, November 22nd. Finally, Sanford C. Bernstein increased their price objective on Palo Alto Networks from $180.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-four have assigned a buy rating to the stock. Palo Alto Networks currently has a consensus rating of “Buy” and an average target price of $167.39.

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About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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

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