Alpha DNA Investment Management LLC Purchases New Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Alpha DNA Investment Management LLC purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,205 shares of the network technology company's stock, valued at approximately $1,129,000.

Several other institutional investors have also recently bought and sold shares of the business. SJS Investment Consulting Inc. boosted its position in 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 last quarter. Valued Wealth Advisors LLC grew its stake in Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock valued at $26,000 after buying an additional 101 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its position in shares of Palo Alto Networks by 64.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Abound Wealth Management lifted its holdings in shares of 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 in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its stake in 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 valued at $27,000 after acquiring an additional 106 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 99,707 shares of the business's stock in a transaction on 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 transaction, the executive vice president now owns 358,197 shares in the company, valued at approximately $65,353,042.65. The trade was a 21.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $165.41, for a total value of $16,541,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,543,516 shares in the company, valued at $586,132,981.56. This trade represents a 2.74 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,039,318 shares of company stock worth $181,925,602 over the last 90 days. Corporate insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on PANW. Scotiabank lifted their price objective on shares of Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Hsbc Global Res upgraded Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 10th. StockNews.com lowered shares of Palo Alto Networks from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. Susquehanna increased their price objective 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, Loop Capital lowered their price target on Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus target price of $203.06.

Palo Alto Networks Trading Down 1.2 %

Palo Alto Networks stock traded down $2.07 during midday trading on Friday, hitting $167.69. 4,768,742 shares of the stock were exchanged, compared to its average volume of 5,858,295. The stock has a market capitalization of $111.03 billion, a price-to-earnings ratio of 94.47, a PEG ratio of 5.64 and a beta of 1.07. The stock's 50-day simple moving average is $180.06 and its 200 day simple moving average is $184.86. Palo Alto Networks, Inc. has a fifty-two week low of $137.60 and a fifty-two week high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.24 billion. Equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.