Little House Capital LLC Has $730,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

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

Other institutional investors have also recently made changes to their positions in the company. GSG Advisors LLC grew its holdings in shares of Palo Alto Networks by 1.0% during 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 last quarter. Spirit of America Management Corp NY boosted its stake in 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 valued at $88,000 after purchasing an additional 100 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in Palo Alto Networks by 31.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 112,040 shares of the network technology company’s stock worth $33,038,000 after purchasing an additional 26,767 shares in the last quarter. 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 worth $7,291,000 after purchasing an additional 2,225 shares during the last quarter. Finally, Sunbelt Securities Inc. lifted its holdings in shares of Palo Alto Networks by 91.0% in the first quarter. Sunbelt Securities Inc. now owns 1,683 shares of the network technology company’s stock valued at $478,000 after purchasing an additional 802 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Argus upped their price target on Palo Alto Networks from $336.00 to $348.00 and gave the stock a “buy” rating in a report on Wednesday, May 29th. Daiwa America upgraded shares of Palo Alto Networks to a “strong-buy” rating in a report on Wednesday, May 29th. Robert W. Baird boosted their price target on shares of Palo Alto Networks from $340.00 to $360.00 and gave the stock an “outperform” rating in a report on Thursday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of Palo Alto Networks in a research note on Friday, June 21st. Finally, Needham & Company LLC restated a “buy” rating and issued a $345.00 target price on shares of Palo Alto Networks in a research note on Tuesday, May 21st. Twelve analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.29.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks 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 sale, the president now owns 20,501 shares in the company, valued at approximately $6,292,166.92. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Palo Alto Networks news, Director Aparna Bawa sold 322 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $310.00, for a total value of $99,820.00. Following the completion of the sale, the director now directly owns 3,767 shares in the company, valued at $1,167,770. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President William D. Jenkins, Jr. sold 1,621 shares of the company’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 transaction, the president now owns 20,501 shares in the company, valued at approximately $6,292,166.92. The disclosure for this sale can be found here. Insiders sold 258,182 shares of company stock worth $74,850,597 in the last three months. 3.30% of the stock is owned by insiders.

Palo Alto Networks Trading Up 0.2 %

Shares of Palo Alto Networks stock traded up $0.61 on Monday, hitting $339.62. 1,757,863 shares of the company traded hands, compared to its average volume of 4,820,889. Palo Alto Networks, Inc. has a 12-month low of $201.17 and a 12-month high of $380.84. The firm’s 50-day simple moving average is $307.06 and its 200 day simple moving average is $307.11. The company has a market cap of $109.97 billion, a P/E ratio of 49.64, a P/E/G ratio of 5.19 and a beta of 1.14.

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

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.