Mosley Wealth Management Has $561,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Mosley Wealth Management grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 116.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,023 shares of the network technology company’s stock after purchasing an additional 1,625 shares during the quarter. Mosley Wealth Management’s holdings in Palo Alto Networks were worth $561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its position in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Valued Wealth Advisors LLC increased its stake 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 valued at $26,000 after buying an additional 101 shares during the period. Abound Wealth Management raised its position in shares of Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in 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 valued at $27,000 after acquiring an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Palo Alto Networks by 102.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 79 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 120,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 365,856 shares of the company’s stock, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 176,242 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at $195,596,176.16. The trade was a 13.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,122,864 shares of company stock worth $204,315,811 over the last quarter. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on PANW shares. Loop Capital reduced their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. UBS Group increased their price target on Palo Alto Networks from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. KeyCorp boosted their price objective on Palo Alto Networks from $217.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. StockNews.com cut Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $205.06.

Palo Alto Networks Trading Down 0.9 %

Palo Alto Networks stock opened at $182.32 on Friday. The business’s 50 day simple moving average is $186.59 and its 200 day simple moving average is $185.05. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The company has a market cap of $120.71 billion, a price-to-earnings ratio of 102.72, a PEG ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. As a group, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal 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.