Level Four Advisory Services LLC Has $4.41 Million Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Level Four Advisory Services LLC grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 101.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 24,228 shares of the network technology company's stock after acquiring an additional 12,200 shares during the period. Level Four Advisory Services LLC's holdings in Palo Alto Networks were worth $4,409,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of PANW. Whittier Trust Co. of Nevada Inc. grew its position in shares of Palo Alto Networks by 94.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 11,661 shares of the network technology company's stock worth $2,122,000 after buying an additional 5,658 shares during the period. Knights of Columbus Asset Advisors LLC boosted its position in shares of Palo Alto Networks by 108.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 21,354 shares of the network technology company's stock worth $3,886,000 after purchasing an additional 11,095 shares during the last quarter. National Pension Service grew its stake in shares of Palo Alto Networks by 82.1% during the fourth quarter. National Pension Service now owns 1,345,740 shares of the network technology company's stock worth $244,871,000 after purchasing an additional 606,778 shares during the period. Mosley Wealth Management increased its holdings in Palo Alto Networks by 116.2% in 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 during the last quarter. Finally, Blue Trust Inc. lifted its stake in Palo Alto Networks by 31.7% in the fourth quarter. Blue Trust Inc. now owns 3,883 shares of the network technology company's stock valued at $707,000 after buying an additional 934 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

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Palo Alto Networks Price Performance

NASDAQ PANW traded down $2.69 during trading on Monday, reaching $170.08. 3,252,468 shares of the company's stock were exchanged, compared to its average volume of 5,898,111. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39. The stock has a market capitalization of $112.61 billion, a P/E ratio of 95.73, a PEG ratio of 5.64 and a beta of 1.04. The business has a 50 day moving average price of $187.39 and a 200-day moving average price of $185.49.

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 the consensus estimate 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 forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the completion of the sale, the executive vice president now directly owns 365,856 shares of the company's stock, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Nikesh Arora sold 235,492 shares of the company's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $183.32, for a total value of $43,170,393.44. Following the completion of the transaction, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $199,159,581.28. This represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Company insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of analyst reports. Barclays cut their price target on shares of Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 17th. JMP Securities increased their target price on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Loop Capital decreased their price target on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a report on Tuesday, January 14th. Truist Financial dropped their price objective on Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating on the stock in a research note on Monday. Finally, Susquehanna boosted their target price on Palo Alto Networks from $217.50 to $230.00 and gave the company a "positive" rating in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $204.25.

About Palo Alto Networks

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.