Abacus FCF Advisors LLC Grows Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Abacus FCF Advisors LLC boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 192.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,388 shares of the network technology company's stock after buying an additional 27,890 shares during the quarter. Palo Alto Networks makes up 1.0% of Abacus FCF Advisors LLC's holdings, making the stock its 27th biggest holding. Abacus FCF Advisors LLC's holdings in Palo Alto Networks were worth $7,713,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. SJS Investment Consulting Inc. grew its position in shares of 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 buying an additional 69 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings 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 during the last quarter. Abound Wealth Management increased its position in 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 period. Atlantic Edge Private Wealth Management LLC raised its holdings in Palo Alto Networks by 265.0% during 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 last quarter. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after purchasing an additional 79 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Up 0.0 %

Shares of NASDAQ PANW traded up $0.07 during midday trading on Friday, reaching $168.34. The company had a trading volume of 6,295,092 shares, compared to its average volume of 5,903,601. The stock has a market cap of $111.46 billion, a PE ratio of 94.84, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a one year low of $135.18 and a one year high of $208.39. The firm's fifty day moving average price is $182.29 and its 200-day moving average price is $184.79.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates of $0.75 by $0.06. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks 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 completion of the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, April 7th. The stock was sold at an average price of $151.13, for a total value of $18,252,574.62. Following the completion of the sale, the executive vice president now directly owns 321,774 shares in the company, valued at approximately $48,629,704.62. This represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 939,318 shares of company stock valued at $165,384,602. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently issued reports on PANW. Evercore ISI dropped their target price on shares of Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating on the stock in a report on Tuesday, December 31st. Citigroup upped their target price on Palo Alto Networks from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Guggenheim cut Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 target price for the company. in a research note on Monday, January 6th. Susquehanna boosted their price target on Palo Alto Networks from $217.50 to $230.00 and gave the company a "positive" rating in a research note on Tuesday, February 18th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.52.

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.