9,000 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Acquired by Arrow Capital Pty Ltd

Arrow Capital Pty Ltd purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 9,000 shares of the network technology company's stock, valued at approximately $1,638,000.

A number of other large investors have also made changes to their positions in PANW. SJS Investment Consulting Inc. boosted its position in shares of 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 worth $25,000 after purchasing an additional 69 shares during the period. Valued Wealth Advisors LLC boosted its position in shares of Palo Alto Networks by 246.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Strategic Investment Solutions Inc. IL increased its holdings in Palo Alto Networks by 64.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after acquiring an additional 55 shares during the last quarter. Abound Wealth Management boosted its holdings in shares of Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings 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 purchasing an additional 106 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

NASDAQ PANW traded down $2.07 on Friday, hitting $167.69. The company had a trading volume of 4,768,742 shares, compared to its average volume of 5,872,875. The company has a market capitalization of $111.03 billion, a PE ratio of 94.47, a PEG ratio of 5.64 and a beta of 1.07. The company's fifty day moving average price is $180.06 and its 200-day moving average price is $184.73. Palo Alto Networks, Inc. has a 12-month low of $137.60 and a 12-month high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its 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. The business had revenue of $2.26 billion during 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%. On average, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 99,707 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the completion of the sale, the executive vice president now directly owns 358,197 shares in the company, valued at $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the company'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 transaction of $126,854.00. Following the completion of the transaction, the chief accounting officer now 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. In the last quarter, insiders sold 1,039,318 shares of company stock valued at $181,925,602. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Morgan Stanley cut their target price on shares of Palo Alto Networks from $230.00 to $205.00 and set an "overweight" rating for the company in a report on Wednesday. Scotiabank raised their price target on Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Loop Capital dropped their target price 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. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a $190.00 price target (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Finally, Westpark Capital reissued a "hold" rating and issued a $196.40 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $203.06.

Palo Alto Networks 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.