Community Bank N.A. Purchases 2,653 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Community Bank N.A. grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 103.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,226 shares of the network technology company's stock after buying an additional 2,653 shares during the period. Community Bank N.A.'s holdings in Palo Alto Networks were worth $951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Napatree Capital LLC raised its stake in Palo Alto Networks by 105.7% in the fourth quarter. Napatree Capital LLC now owns 1,868 shares of the network technology company's stock worth $340,000 after buying an additional 960 shares in the last quarter. Meridian Wealth Advisors LLC grew its holdings in shares of Palo Alto Networks by 130.8% during the 4th quarter. Meridian Wealth Advisors LLC now owns 4,166 shares of the network technology company's stock worth $758,000 after acquiring an additional 2,361 shares during the period. Stevens Capital Management LP raised its position in shares of Palo Alto Networks by 124.9% in the 4th quarter. Stevens Capital Management LP now owns 7,974 shares of the network technology company's stock worth $1,451,000 after acquiring an additional 4,429 shares in the last quarter. Hill Island Financial LLC lifted its stake in shares of Palo Alto Networks by 102.3% in the 4th quarter. Hill Island Financial LLC now owns 1,214 shares of the network technology company's stock valued at $221,000 after purchasing an additional 614 shares during the period. Finally, Mosley Wealth Management boosted its position in shares of Palo Alto Networks by 116.2% during the fourth quarter. Mosley Wealth Management now owns 3,023 shares of the network technology company's stock valued at $561,000 after purchasing an additional 1,625 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have issued reports on PANW. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $190.00 price objective (down previously from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. Royal Bank of Canada reiterated an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, February 10th. Evercore ISI dropped their price objective on shares of Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 31st. Westpark Capital reaffirmed a "hold" rating and set a $196.40 target price on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $205.06.

Palo Alto Networks Stock Performance

Shares of PANW traded down $10.52 during mid-day trading on Thursday, reaching $174.44. The stock had a trading volume of 7,153,008 shares, compared to its average volume of 5,728,560. The business has a fifty day moving average of $187.47 and a 200 day moving average of $185.31. The firm has a market cap of $115.50 billion, a price-to-earnings ratio of 98.28, a PEG ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month 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 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nikesh Arora sold 490,723 shares of Palo Alto Networks stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. This represents a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,122,864 shares of company stock worth $204,315,811. 2.50% of the stock is owned by corporate insiders.

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.