Flaharty Asset Management LLC Has $399,000 Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Flaharty Asset Management LLC boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 165.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,194 shares of the network technology company’s stock after buying an additional 1,369 shares during the quarter. Flaharty Asset Management LLC’s holdings in Palo Alto Networks were worth $399,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new stake in shares of Palo Alto Networks during the 3rd quarter valued at $29,000. True Wealth Design LLC raised its position in shares of Palo Alto Networks by 2,933.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock valued at $31,000 after acquiring an additional 88 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Palo Alto Networks during the 3rd quarter valued at $32,000. Princeton Global Asset Management LLC bought a new stake in shares of Palo Alto Networks during the 3rd quarter valued at $33,000. Finally, Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the 3rd quarter valued at $39,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 99,707 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the transaction, the executive vice president now directly owns 358,197 shares in the company, valued at $65,353,042.65. This represents a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock valued at $204,315,811 in the last three months. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on PANW. Westpark Capital reiterated a “hold” rating and set a $196.40 target price on shares of Palo Alto Networks in a research report on Wednesday, February 12th. UBS Group upped their price objective on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. BMO Capital Markets upped their price objective on shares of Palo Alto Networks from $195.00 to $212.50 and gave the company an “outperform” rating in a research report on Thursday, November 21st. Truist Financial upped their price objective on shares of Palo Alto Networks from $200.00 to $212.50 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Oppenheimer restated an “outperform” rating and issued a $225.00 price objective on shares of Palo Alto Networks in a research report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.06.

Palo Alto Networks Stock Up 1.6 %

Palo Alto Networks stock opened at $190.43 on Friday. The stock has a market cap of $126.08 billion, a P/E ratio of 107.29, a P/E/G ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a twelve month low of $132.50 and a twelve month high of $208.39. The company’s 50-day moving average price is $186.64 and its two-hundred day moving average price is $184.32.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results 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%. Equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.