AIA Group Ltd Has $532,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

AIA Group Ltd lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 203.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,924 shares of the network technology company's stock after purchasing an additional 1,959 shares during the quarter. AIA Group Ltd's holdings in Palo Alto Networks were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its holdings 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 acquiring an additional 69 shares in the last quarter. Valued Wealth Advisors LLC increased its stake 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 in the last quarter. Abound Wealth Management raised its holdings 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 worth $27,000 after buying an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its stake 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 buying an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Palo Alto Networks by 102.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock valued at $28,000 after buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

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Palo Alto Networks Trading Up 0.4 %

NASDAQ:PANW traded up $0.67 during midday trading on Tuesday, hitting $171.31. 4,034,298 shares of the stock were exchanged, compared to its average volume of 5,899,185. The business has a 50-day moving average price of $187.01 and a two-hundred day moving average price of $185.46. The company has a market capitalization of $113.42 billion, a price-to-earnings ratio of 96.51, a P/E/G ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39.

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 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The company had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Lee Klarich sold 120,000 shares of the business's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the sale, the executive vice president now owns 365,856 shares in the company, valued at approximately $65,744,323.20. The trade was a 24.70 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 176,242 shares of the company's stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the sale, the chief executive officer now directly owns 1,086,404 shares of the company's stock, valued at $195,596,176.16. This represents a 13.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock worth $204,315,811 in the last three months. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $225.00 price objective on shares of Palo Alto Networks in a research report on Monday, February 10th. Citigroup increased their price objective 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. Scotiabank boosted their target price on Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Barclays dropped their price target on shares of Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 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 issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $204.27.

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.