Dynamic Technology Lab Private Ltd Purchases 3,007 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Dynamic Technology Lab Private Ltd increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 116.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,589 shares of the network technology company’s stock after purchasing an additional 3,007 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Palo Alto Networks were worth $1,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. SJS Investment Consulting Inc. increased its stake in shares of Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after buying an additional 69 shares during the period. Valued Wealth Advisors LLC increased its position in Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Abound Wealth Management raised its holdings in Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position in shares of Palo Alto Networks by 265.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity

In related news, CEO Nikesh Arora sold 176,242 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $195,596,176.16. This trade represents a 13.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,976 shares in the company, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,114,786 shares of company stock worth $200,426,637 in the last three months. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Down 7.0 %

Shares of PANW opened at $153.57 on Friday. The business has a 50-day simple moving average of $185.60 and a two-hundred day simple moving average of $185.22. Palo Alto Networks, Inc. has a 52 week low of $132.83 and a 52 week high of $208.39. The stock has a market cap of $101.68 billion, a price-to-earnings ratio of 86.52, a PEG ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $2.24 billion. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on PANW. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $190.00 price objective (down from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. StockNews.com cut Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Royal Bank of Canada reissued an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a research report on Monday, February 10th. Rosenblatt Securities reiterated a “buy” rating and issued a $235.00 price target on shares of Palo Alto Networks in a research note on Monday, March 31st. Finally, UBS Group boosted their price objective on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. 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 two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $204.27.

About Palo Alto Networks

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.