First Financial Corp IN Has $951,000 Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

First Financial Corp IN lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 16.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,346 shares of the network technology company’s stock after selling 639 shares during the period. First Financial Corp IN’s holdings in Palo Alto Networks were worth $951,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Investment Advisory LLC grew its holdings in shares of Palo Alto Networks by 40.8% in the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 1,835 shares of the network technology company’s stock valued at $430,000 after buying an additional 532 shares during the period. Meiji Yasuda Asset Management Co Ltd. grew its holdings in shares of Palo Alto Networks by 9.7% in the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 5,757 shares of the network technology company’s stock valued at $1,350,000 after buying an additional 511 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Palo Alto Networks in the 3rd quarter valued at $6,798,000. Natixis Advisors L.P. grew its holdings in shares of Palo Alto Networks by 23.0% in the 3rd quarter. Natixis Advisors L.P. now owns 42,381 shares of the network technology company’s stock valued at $9,936,000 after buying an additional 7,921 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Palo Alto Networks by 78.1% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 18,044 shares of the network technology company’s stock valued at $4,230,000 after buying an additional 7,911 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Buying and Selling

In other news, President William D. Jenkins, Jr. sold 1,621 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total transaction of $497,517.32. Following the completion of the transaction, the president now owns 20,501 shares of the company’s stock, valued at $6,292,166.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Aparna Bawa sold 322 shares of Palo Alto Networks stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $310.00, for a total transaction of $99,820.00. Following the completion of the transaction, the director now directly owns 3,767 shares in the company, valued at $1,167,770. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President William D. Jenkins, Jr. sold 1,621 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total transaction of $497,517.32. Following the transaction, the president now directly owns 20,501 shares in the company, valued at $6,292,166.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 258,182 shares of company stock worth $74,850,597. Corporate insiders own 3.30% of the company’s stock.

Palo Alto Networks Trading Up 0.5 %

Shares of NASDAQ:PANW traded up $1.69 on Wednesday, reaching $324.37. 981,033 shares of the company’s stock were exchanged, compared to its average volume of 4,835,145. The company has a fifty day moving average of $303.68 and a 200-day moving average of $306.50. Palo Alto Networks, Inc. has a twelve month low of $201.17 and a twelve month high of $380.84. The company has a market capitalization of $105.03 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 4.94 and a beta of 1.10.

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

Analysts Set New Price Targets

PANW has been the topic of several research reports. JMP Securities reaffirmed a “market outperform” rating and issued a $380.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, May 21st. Evercore ISI cut their price objective on shares of Palo Alto Networks from $405.00 to $385.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 14th. Macquarie boosted their price objective on shares of Palo Alto Networks from $270.00 to $285.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Daiwa America raised shares of Palo Alto Networks to a “strong-buy” rating in a research report on Wednesday, May 29th. Finally, DA Davidson initiated coverage on shares of Palo Alto Networks in a research report on Friday, June 21st. They issued a “buy” rating and a $380.00 price objective on the stock. Twelve investment 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $324.17.

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.