Catalyst Capital Advisors LLC Has $157,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Catalyst Capital Advisors LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 117.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 865 shares of the network technology company’s stock after purchasing an additional 468 shares during the period. Catalyst Capital Advisors LLC’s holdings in Palo Alto Networks were worth $157,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Capital Advisors Ltd. LLC increased its stake in shares of Palo Alto Networks by 113.9% in the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock valued at $26,000 after buying an additional 41 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Palo Alto Networks in the 3rd quarter valued at about $29,000. Strategic Investment Solutions Inc. IL raised its stake in shares of Palo Alto Networks by 177.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock worth $29,000 after acquiring an additional 55 shares during the last quarter. True Wealth Design LLC lifted its position in shares of Palo Alto Networks by 2,933.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock worth $31,000 after purchasing an additional 88 shares in the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new stake in shares of Palo Alto Networks during the third quarter valued at approximately $32,000. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

PANW has been the topic of several research reports. Citigroup reduced their price objective on Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating on the stock in a report on Friday, January 17th. Needham & Company LLC upped their price target on Palo Alto Networks from $192.50 to $225.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Piper Sandler lifted their price objective on Palo Alto Networks from $165.00 to $192.50 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a research report on Thursday, November 21st. Finally, JMP Securities lifted their price target on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $202.70.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Nir Zuk sold 336,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the sale, the executive vice president now owns 3,643,516 shares in the company, valued at $705,730,831.62. This represents a 8.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Nikesh Arora sold 235,492 shares of Palo Alto Networks stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total value of $43,170,393.44. Following the transaction, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at $199,159,581.28. This represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,458,864 shares of company stock valued at $269,397,331. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Down 1.5 %

NASDAQ PANW opened at $205.19 on Thursday. Palo Alto Networks, Inc. has a 12-month low of $130.04 and a 12-month high of $208.39. The firm’s 50 day moving average is $187.11 and its 200-day moving average is $182.68. The company has a market capitalization of $134.65 billion, a PE ratio of 115.60, a price-to-earnings-growth ratio of 5.70 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.75 EPS 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.