Aware Super Pty Ltd as trustee of Aware Super Makes New $3.35 Million Investment in Palo Alto Networks, Inc. (NASDAQ:PANW)

Aware Super Pty Ltd as trustee of Aware Super acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 18,414 shares of the network technology company's stock, valued at approximately $3,351,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings 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 worth $25,000 after purchasing an additional 69 shares during the last quarter. Valued Wealth Advisors LLC lifted its stake in shares of 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 worth $26,000 after buying an additional 101 shares during the last quarter. Abound Wealth Management grew its stake in Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC lifted its position 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 acquiring an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of Palo Alto Networks by 102.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks 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 completion of the sale, the chief accounting officer now owns 47,976 shares of the company's stock, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Lee Klarich sold 99,707 shares of the company's 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 transaction, the executive vice president now owns 358,197 shares in the company, valued at approximately $65,353,042.65. This trade represents a 21.77 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,039,318 shares of company stock valued at $181,925,602 over the last 90 days. 2.50% of the stock is currently owned by insiders.

Palo Alto Networks Price Performance

NASDAQ:PANW traded down $2.07 on Friday, hitting $167.69. 4,768,742 shares of the company's stock were exchanged, compared to its average volume of 5,880,201. The company has a market cap of $111.03 billion, a P/E ratio of 94.47, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. The firm has a 50-day moving average price of $180.61 and a 200-day moving average price of $184.71. Palo Alto Networks, Inc. has a 52 week low of $137.60 and a 52 week high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. On average, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on PANW shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $190.00 price objective (down from $207.00) on shares of Palo Alto Networks in a research report on Wednesday, January 8th. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 price objective on shares of Palo Alto Networks in a research report on Monday, March 31st. Jefferies Financial Group lowered their price target on Palo Alto Networks from $240.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. BTIG Research lowered Palo Alto Networks from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Finally, StockNews.com cut Palo Alto Networks from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th. Two investment 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently 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.