Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by Blair William & Co. IL

Blair William & Co. IL lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 101.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,304,027 shares of the network technology company's stock after purchasing an additional 657,597 shares during the period. Blair William & Co. IL owned about 0.20% of Palo Alto Networks worth $237,281,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. SJS Investment Consulting Inc. raised its stake in shares of 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 buying an additional 69 shares during the period. Valued Wealth Advisors LLC raised 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 worth $26,000 after acquiring an additional 101 shares during the period. Abound Wealth Management lifted its holdings in Palo Alto Networks by 97.3% during the fourth 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 in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its position 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 purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC increased its stake 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 worth $28,000 after purchasing an additional 79 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

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Insider Transactions at Palo Alto Networks

In other news, EVP Lee Klarich sold 99,707 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 358,197 shares in the company, valued at approximately $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nikesh Arora sold 176,242 shares of Palo Alto Networks stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $195,596,176.16. The trade was a 13.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Performance

Palo Alto Networks stock traded down $1.68 during trading hours on Friday, hitting $172.76. The company had a trading volume of 6,244,293 shares, compared to its average volume of 5,908,199. The firm has a market cap of $114.38 billion, a P/E ratio of 97.33, a P/E/G ratio of 5.64 and a beta of 1.04. The company has a 50-day moving average price of $187.39 and a two-hundred day moving average price of $185.39. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. The firm had revenue of $2.26 billion during 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%. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on PANW shares. Westpark Capital restated a "hold" rating and set a $196.40 target price on shares of Palo Alto Networks in a research note on Wednesday, February 12th. JMP Securities upped their price objective on Palo Alto Networks from $208.00 to $212.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. StockNews.com downgraded Palo Alto Networks from a "buy" rating to a "hold" rating in a research note on Tuesday, December 24th. Loop Capital dropped their price target on Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $225.00 price objective on shares of Palo Alto Networks in a report on Monday, February 10th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $205.06.

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.