Triodos Investment Management BV Has $40.49 Million Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Triodos Investment Management BV raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 102.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 222,500 shares of the network technology company’s stock after buying an additional 112,350 shares during the quarter. Palo Alto Networks comprises 3.3% of Triodos Investment Management BV’s portfolio, making the stock its 10th biggest position. Triodos Investment Management BV’s holdings in Palo Alto Networks were worth $40,486,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. First Dallas Securities Inc. lifted its stake in Palo Alto Networks by 1.4% in the 3rd quarter. First Dallas Securities Inc. now owns 2,130 shares of the network technology company’s stock valued at $728,000 after purchasing an additional 30 shares during the last quarter. RB Capital Management LLC lifted its stake in Palo Alto Networks by 1.5% in the 3rd quarter. RB Capital Management LLC now owns 2,492 shares of the network technology company’s stock valued at $852,000 after purchasing an additional 36 shares during the last quarter. Sunbelt Securities Inc. grew its holdings in shares of Palo Alto Networks by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 1,977 shares of the network technology company’s stock worth $676,000 after purchasing an additional 42 shares during the last quarter. Zega Financial LLC raised its position in Palo Alto Networks by 0.8% during the 3rd quarter. Zega Financial LLC now owns 5,997 shares of the network technology company’s stock worth $2,050,000 after purchasing an additional 48 shares during the last quarter. Finally, Dorsey Wright & Associates boosted its holdings in Palo Alto Networks by 0.6% in the third quarter. Dorsey Wright & Associates now owns 9,853 shares of the network technology company’s stock valued at $3,368,000 after acquiring an additional 63 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction on 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. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Nikesh Arora sold 490,723 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $89,532,411.35. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at $198,214,409.80. The trade was a 31.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 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 corporate insiders.

Palo Alto Networks Price Performance

Shares of PANW opened at $174.44 on Friday. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The stock’s 50-day moving average is $187.47 and its two-hundred day moving average is $185.31. The stock has a market cap of $115.50 billion, a PE ratio of 98.28, a P/E/G ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data 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 company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

PANW has been the topic of a number of research reports. Evercore ISI lowered their target price on Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 31st. Jefferies Financial Group increased their target price on shares of Palo Alto Networks from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Westpark Capital reiterated a “hold” rating and issued a $196.40 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Loop Capital reduced their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $190.00 target price (down from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. 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, the company has a consensus rating of “Moderate Buy” and an average target price of $205.06.

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.