10,200 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Purchased by Hudson Canyon Capital Management

Hudson Canyon Capital Management acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 10,200 shares of the network technology company's stock, valued at approximately $1,856,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. SJS Investment Consulting Inc. grew its stake in Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Capital Advisors Ltd. LLC raised its holdings in Palo Alto Networks by 113.9% in the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company's stock valued at $26,000 after buying an additional 41 shares during the period. Valued Wealth Advisors LLC grew its position in 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 acquiring an additional 101 shares in the last quarter. Abound Wealth Management grew its position in Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its position in shares of Palo Alto Networks by 265.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Down 3.7 %

NASDAQ:PANW traded down $7.36 on Friday, hitting $191.45. The stock had a trading volume of 3,137,836 shares, compared to its average volume of 6,305,220. The company has a market cap of $126.76 billion, a PE ratio of 107.93, a P/E/G ratio of 5.82 and a beta of 1.14. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39. The business's fifty day moving average is $187.20 and its 200 day moving average is $182.95.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. Equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 490,723 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the transaction, the chief executive officer now owns 1,086,404 shares of the company's stock, valued at $198,214,409.80. This represents a 31.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated 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 $8,694,210.72. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,458,864 shares of company stock valued at $269,397,331 in the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on PANW. Wells Fargo & Company lifted their target price on Palo Alto Networks from $208.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, November 21st. StockNews.com cut Palo Alto Networks from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th. Northland Securities reissued a "market perform" rating and issued a $185.00 target price (up previously from $175.00) on shares of Palo Alto Networks in a research note on Thursday, November 21st. Citigroup lowered their price target on Palo Alto Networks from $216.00 to $205.00 and set a "buy" rating for the company in a report on Friday, January 17th. Finally, Westpark Capital reiterated a "hold" rating and set a $196.40 price objective on shares of Palo Alto Networks in a report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $202.70.

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.