Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by Atlantic Private Wealth LLC

Atlantic Private Wealth LLC raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 200 shares of the network technology company’s stock after acquiring an additional 100 shares during the quarter. Atlantic Private Wealth LLC’s holdings in Palo Alto Networks were worth $36,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in PANW. SJS Investment Consulting Inc. increased its stake in Palo Alto Networks by 97.2% in the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Valued Wealth Advisors LLC boosted its position in shares of Palo Alto Networks by 246.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after buying an additional 101 shares during the period. Abound Wealth Management boosted its position in shares of Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Palo Alto Networks by 102.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on PANW. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $190.00 price target (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Westpark Capital reiterated a “hold” rating and set a $196.40 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Cantor Fitzgerald reissued an “overweight” rating and issued a $223.00 price objective on shares of Palo Alto Networks in a report on Wednesday, February 12th. Citigroup increased their price objective on Palo Alto Networks from $205.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Finally, Bank of America increased their price target on Palo Alto Networks from $200.00 to $215.00 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.06.

Palo Alto Networks Trading Up 2.4 %

Shares of NASDAQ:PANW opened at $187.54 on Thursday. The firm has a market cap of $124.17 billion, a price-to-earnings ratio of 105.66, a P/E/G ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39. The business has a fifty day simple moving average of $186.18 and a 200 day simple moving average of $185.00.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping the consensus estimate 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%. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity

In related news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction dated Monday, January 6th. The stock was 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 in the company, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over 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.

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.