MGO One Seven LLC Acquires 26,598 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

MGO One Seven LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 115.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,569 shares of the network technology company's stock after purchasing an additional 26,598 shares during the quarter. MGO One Seven LLC's holdings in Palo Alto Networks were worth $9,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. SJS Investment Consulting Inc. boosted 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 buying an additional 69 shares during the period. Transce3nd LLC purchased a new stake in shares of Palo Alto Networks during the fourth quarter worth $25,000. Valued Wealth Advisors LLC boosted its holdings in shares of Palo Alto Networks by 246.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after acquiring an additional 101 shares during the period. Strategic Investment Solutions Inc. IL grew its position in shares of Palo Alto Networks by 64.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after purchasing an additional 55 shares in the last quarter. Finally, Abound Wealth Management raised its stake 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 valued at $27,000 after purchasing an additional 72 shares during the period. Institutional investors own 79.82% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 target price on shares of Palo Alto Networks in a report on Monday, March 31st. Susquehanna boosted their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a "positive" rating in a research note on Tuesday, February 18th. KeyCorp lowered their target price on shares of Palo Alto Networks from $240.00 to $205.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Scotiabank boosted 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 research report on Tuesday, January 21st. Finally, Westpark Capital reiterated a "hold" rating and issued a $196.40 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Two equities research 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 stock. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus target price of $203.06.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated 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 of the company's stock, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the completion of 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,039,318 shares of company stock valued at $181,925,602. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Up 4.6 %

Shares of Palo Alto Networks stock traded up $7.72 during trading on Thursday, reaching $176.04. 4,016,386 shares of the stock were exchanged, compared to its average volume of 5,826,155. Palo Alto Networks, Inc. has a 1 year low of $140.81 and a 1 year high of $208.39. The firm has a market cap of $116.56 billion, a price-to-earnings ratio of 99.18, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. The stock's fifty day moving average is $177.45 and its 200 day moving average is $184.69.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released 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. 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 analysts' expectations of $2.24 billion. Equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.