Jaffetilchin Investment Partners LLC Buys 12,461 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Jaffetilchin Investment Partners LLC increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 104.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,353 shares of the network technology company's stock after acquiring an additional 12,461 shares during the period. Jaffetilchin Investment Partners LLC's holdings in Palo Alto Networks were worth $4,431,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of PANW. Howard Capital Management Group LLC boosted its holdings in Palo Alto Networks by 1.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company's stock valued at $36,316,000 after acquiring an additional 1,619 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Palo Alto Networks during the third quarter worth approximately $1,109,000. Toronto Dominion Bank raised its holdings in Palo Alto Networks by 9.4% during the third quarter. Toronto Dominion Bank now owns 122,147 shares of the network technology company's stock worth $41,750,000 after purchasing an additional 10,462 shares in the last quarter. Sunbelt Securities Inc. lifted its position in Palo Alto Networks by 2.2% in the third quarter. Sunbelt Securities Inc. now owns 1,977 shares of the network technology company's stock valued at $676,000 after acquiring an additional 42 shares during the last quarter. Finally, Virtue Capital Management LLC lifted its holdings in shares of Palo Alto Networks by 4.3% in the 3rd quarter. Virtue Capital Management LLC now owns 1,690 shares of the network technology company's stock valued at $578,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

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Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW traded up $1.64 during trading hours on Monday, hitting $169.98. The stock had a trading volume of 5,094,857 shares, compared to its average volume of 5,901,528. The stock's fifty day simple moving average is $182.29 and its 200 day simple moving average is $184.90. The firm has a market capitalization of $112.54 billion, a price-to-earnings ratio of 95.76, a PEG ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 1-year low of $135.18 and a 1-year high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data 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 business 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%. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the sale, the chief accounting officer now directly owns 47,976 shares of the company's stock, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the transaction, the executive vice president now directly owns 321,774 shares in the company, valued at $48,629,704.62. The trade was a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 939,318 shares of company stock valued at $165,384,602 over the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Stephens assumed coverage on shares of Palo Alto Networks in a research report on Tuesday, April 1st. They set an "equal weight" rating and a $205.00 price objective on the stock. JMP Securities boosted their price target 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. KeyCorp lifted their target price on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Truist Financial cut their price target on Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Jefferies Financial Group reduced their price objective on shares of Palo Alto Networks from $240.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.52.

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.