BTG Pactual Asset Management US LLC Has $1.03 Million Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

BTG Pactual Asset Management US LLC boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 61.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,569 shares of the network technology company's stock after purchasing an additional 2,119 shares during the quarter. BTG Pactual Asset Management US LLC's holdings in Palo Alto Networks were worth $1,026,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in PANW. SJS Investment Consulting Inc. grew its holdings in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock worth $25,000 after acquiring an additional 69 shares during the period. Valued Wealth Advisors LLC boosted its holdings in Palo Alto Networks by 246.3% during 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 position in shares of Palo Alto Networks by 97.3% during the 4th 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 period. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Palo Alto Networks by 265.0% in the 4th 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 during the last quarter. Finally, Kiely Wealth Advisory Group Inc. raised its position in shares of Palo Alto Networks by 100.0% in the 4th quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company's stock valued at $29,000 after acquiring an additional 75 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several equities research analysts have commented on PANW shares. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, February 10th. StockNews.com lowered Palo Alto Networks from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. Susquehanna raised their price target on Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday, February 18th. Morgan Stanley set a $230.00 target price on Palo Alto Networks in a research note on Tuesday, March 18th. Finally, Scotiabank upped their price target on shares of Palo Alto Networks from $200.00 to $225.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Two equities research 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 assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $204.52.

Insider Activity

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $165.41, for a total value of $16,541,000.00. Following the transaction, the executive vice president now directly owns 3,543,516 shares of the company's stock, valued at approximately $586,132,981.56. The trade was a 2.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,039,318 shares of company stock valued at $181,925,602. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Up 2.2 %

Shares of PANW traded up $3.67 during trading hours on Tuesday, hitting $173.65. 217,835 shares of the company were exchanged, compared to its average volume of 5,879,582. The company has a market cap of $114.97 billion, a price-to-earnings ratio of 97.78, a P/E/G ratio of 5.64 and a beta of 1.07. The firm's fifty day moving average is $181.95 and its 200 day moving average is $184.92. Palo Alto Networks, Inc. has a fifty-two week low of $135.18 and a fifty-two week high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its 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. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. Analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.