Denver PWM LLC Acquires 357 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Denver PWM LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 115.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 666 shares of the network technology company’s stock after acquiring an additional 357 shares during the period. Denver PWM LLC’s holdings in Palo Alto Networks were worth $121,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC grew its position in Palo Alto Networks by 113.9% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock worth $26,000 after purchasing an additional 41 shares in the last quarter. Itau Unibanco Holding S.A. bought a new stake in Palo Alto Networks in the 3rd quarter worth about $29,000. Strategic Investment Solutions Inc. IL grew its position in Palo Alto Networks by 177.4% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock worth $29,000 after purchasing an additional 55 shares in the last quarter. True Wealth Design LLC grew its position in Palo Alto Networks by 2,933.3% in the 3rd 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 Palo Alto Networks in the 3rd quarter worth about $32,000. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction on 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 transaction, the executive vice president now owns 365,856 shares in the company, valued at $65,744,323.20. This trade represents a 24.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Nir Zuk sold 336,000 shares of Palo Alto Networks stock in a transaction on Monday, November 25th. The stock was sold at an average price of $193.70, for a total transaction of $65,081,520.00. Following the completion of the transaction, the executive vice president now owns 3,643,516 shares in the company, valued at approximately $705,730,831.62. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,458,864 shares of company stock worth $269,397,331 in the last 90 days. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PANW. KeyCorp upped their price objective on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Citigroup dropped their target price on shares of Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating on the stock in a research note on Friday, January 17th. Evercore ISI dropped their target price on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 31st. JPMorgan Chase & Co. boosted their target price on shares of Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a research note on Monday, November 18th. Finally, Stifel Nicolaus boosted their target price 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. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given 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 has an average rating of “Moderate Buy” and a consensus target price of $204.69.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $191.03 on Friday. The firm’s fifty day moving average price is $187.09 and its 200-day moving average price is $183.48. The stock has a market cap of $126.48 billion, a P/E ratio of 107.62, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39.

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 for the quarter, beating the consensus estimate of $0.75 by $0.06. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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.