Bank of Jackson Hole Trust Acquires Shares of 3,898 Palo Alto Networks, Inc. (NASDAQ:PANW)

Bank of Jackson Hole Trust purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,898 shares of the network technology company's stock, valued at approximately $709,000.

A number of other large investors have also recently modified their holdings of PANW. Capital Advisors Ltd. LLC increased its stake in shares of Palo Alto Networks by 113.9% during the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company's stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Palo Alto Networks during the 3rd quarter valued at $29,000. Strategic Investment Solutions Inc. IL lifted its holdings in Palo Alto Networks by 177.4% in the third quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company's stock valued at $29,000 after acquiring an additional 55 shares during the period. True Wealth Design LLC lifted its stake in shares of Palo Alto Networks by 2,933.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company's stock worth $31,000 after purchasing an additional 88 shares during the period. Finally, MidAtlantic Capital Management Inc. purchased a new position in shares of Palo Alto Networks during the 3rd quarter worth $32,000. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Down 3.9 %

Shares of PANW traded down $7.78 during trading hours on Friday, hitting $191.03. The company had a trading volume of 5,451,305 shares, compared to its average volume of 6,377,549. The company has a market capitalization of $126.48 billion, a PE ratio of 107.62, a price-to-earnings-growth ratio of 5.82 and a beta of 1.14. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39. The company's fifty day moving average price is $187.20 and its two-hundred day moving average price is $182.95.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The business 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%. Analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have commented on PANW. Piper Sandler upped their price target on Palo Alto Networks from $165.00 to $192.50 and gave the stock a "neutral" rating in a research report on Thursday, November 21st. Northland Securities reissued a "market perform" rating and issued a $185.00 target price (up from $175.00) on shares of Palo Alto Networks in a report on Thursday, November 21st. JPMorgan Chase & Co. lifted their price target on shares of Palo Alto Networks from $193.50 to $224.50 and gave the company an "overweight" rating in a report on Monday, November 18th. Stifel Nicolaus upped their price target on shares of Palo Alto Networks from $192.50 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, UBS Group lifted their target price on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $202.70.

Insider Transactions at Palo Alto Networks

In other news, CEO Nikesh Arora sold 176,242 shares of the business's stock in a transaction on 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. The trade was a 13.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nir Zuk sold 336,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the completion of the transaction, the executive vice president now owns 3,643,516 shares of the company's stock, valued at $705,730,831.62. This trade represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,458,864 shares of company stock valued at $269,397,331. Corporate insiders own 2.50% of the company's stock.

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.