Carroll Investors Inc Boosts Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Carroll Investors Inc increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 56,674 shares of the network technology company's stock after acquiring an additional 28,364 shares during the period. Palo Alto Networks makes up about 5.8% of Carroll Investors Inc's portfolio, making the stock its 7th largest holding. Carroll Investors Inc's holdings in Palo Alto Networks were worth $10,320,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PANW. SJS Investment Consulting Inc. increased 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 acquiring an additional 69 shares in the last quarter. Valued Wealth Advisors LLC lifted 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. Abound Wealth Management increased its stake in 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 in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of 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 during the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in shares of Palo Alto Networks by 102.6% during 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. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

NASDAQ PANW traded down $2.07 during mid-day trading on Friday, reaching $167.69. 4,768,742 shares of the stock were exchanged, compared to its average volume of 5,880,201. The stock has a market capitalization of $111.03 billion, a PE ratio of 94.47, a PEG ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 1-year low of $137.60 and a 1-year high of $208.39. The business's fifty day simple moving average is $180.61 and its 200 day simple moving average is $184.71.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 490,723 shares of the firm's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $182.45, for a total value of $89,532,411.35. Following the transaction, the chief executive officer now directly owns 1,086,404 shares of the company's stock, valued at $198,214,409.80. This trade represents a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. This represents a 1.44 % 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 worth $181,925,602 in the last quarter. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

PANW has been the subject of a number of research reports. Susquehanna upped their target price on shares of Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a report on Tuesday, February 18th. Royal Bank of Canada restated an "outperform" rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Monday, February 10th. Hsbc Global Res upgraded Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 10th. Morgan Stanley dropped their target price on Palo Alto Networks from $230.00 to $205.00 and set an "overweight" rating for the company in a report on Wednesday. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $235.00 price target on shares of Palo Alto Networks in a research note on Monday, March 31st. 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 assigned a strong buy rating to the company. According to data from MarketBeat, Palo Alto Networks has a consensus rating of "Moderate Buy" and an average price target of $203.06.

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.