Boulder Wealth Advisors LLC Has $224,000 Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Boulder Wealth Advisors LLC grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 96.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,230 shares of the network technology company’s stock after acquiring an additional 603 shares during the period. Palo Alto Networks accounts for 0.1% of Boulder Wealth Advisors LLC’s holdings, making the stock its 25th largest position. Boulder Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PANW. Swedbank AB raised its stake in Palo Alto Networks by 19.7% in the 3rd quarter. Swedbank AB now owns 786,574 shares of the network technology company’s stock worth $268,851,000 after purchasing an additional 129,371 shares in the last quarter. Howard Capital Management Group LLC grew its position in Palo Alto Networks by 1.5% during the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock worth $36,316,000 after buying an additional 1,619 shares in the last quarter. Confluence Wealth Services Inc. acquired a new position in Palo Alto Networks in the 3rd quarter valued at $218,000. Van ECK Associates Corp grew its holdings in shares of Palo Alto Networks by 5.7% during the 3rd quarter. Van ECK Associates Corp now owns 90,511 shares of the network technology company’s stock worth $32,420,000 after purchasing an additional 4,857 shares in the last quarter. Finally, BSW Wealth Partners acquired a new position in Palo Alto Networks in the third quarter valued at about $215,000. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

PANW stock opened at $184.38 on Wednesday. The company has a market capitalization of $122.08 billion, a P/E ratio of 103.88, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a 52-week low of $132.50 and a 52-week high of $208.39. The business has a 50-day simple moving average of $186.45 and a two-hundred day simple moving average of $184.75.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, EVP Lee Klarich sold 120,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $179.70, for a total value of $21,564,000.00. Following the sale, the executive vice president now directly owns 365,856 shares of the company’s stock, valued at approximately $65,744,323.20. This represents a 24.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nikesh Arora sold 235,492 shares of the firm’s stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the completion of the transaction, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at approximately $199,159,581.28. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on PANW. Westpark Capital reissued a “hold” rating and issued a $196.40 target price on shares of Palo Alto Networks in a report on Wednesday, February 12th. Stifel Nicolaus lifted their price objective on shares of Palo Alto Networks from $192.50 to $220.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. UBS Group upped their target price on Palo Alto Networks from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Robert W. Baird raised their target price on Palo Alto Networks from $212.50 to $217.50 and gave the company an “outperform” rating in a report on Thursday, November 21st. Finally, Barclays dropped their price objective on Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $205.06.

Palo Alto Networks Profile

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.