Mosley Wealth Management Buys 1,625 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Mosley Wealth Management increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 116.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,023 shares of the network technology company's stock after purchasing an additional 1,625 shares during the period. Mosley Wealth Management's holdings in Palo Alto Networks were worth $561,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PANW. Optimum Investment Advisors increased its stake in shares of Palo Alto Networks by 100.0% in the 4th quarter. Optimum Investment Advisors now owns 2,390 shares of the network technology company's stock valued at $435,000 after buying an additional 1,195 shares during the period. Guardian Partners Inc. bought a new position in Palo Alto Networks in the fourth quarter valued at about $1,193,000. Harbor Advisors LLC increased its position in Palo Alto Networks by 100.0% in the fourth quarter. Harbor Advisors LLC now owns 12,500 shares of the network technology company's stock worth $2,274,000 after purchasing an additional 6,250 shares during the period. Fortis Capital Management LLC bought a new stake in Palo Alto Networks during the 4th quarter worth about $244,000. Finally, Somerset Group LLC lifted its position in Palo Alto Networks by 93.2% during the 4th quarter. Somerset Group LLC now owns 17,216 shares of the network technology company's stock valued at $3,133,000 after purchasing an additional 8,307 shares during the period. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Up 2.8 %

Shares of PANW stock traded up $5.16 during trading on Tuesday, reaching $189.95. 5,332,197 shares of the company's stock were exchanged, compared to its average volume of 5,737,396. Palo Alto Networks, Inc. has a twelve month low of $132.50 and a twelve month high of $208.39. The firm's fifty day moving average price is $186.92 and its 200-day moving average price is $185.23. The stock has a market capitalization of $125.77 billion, a PE ratio of 107.01, a PEG ratio of 5.64 and a beta of 1.04.

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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 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The firm had revenue of $2.26 billion for 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, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on PANW shares. Royal Bank of Canada reissued an "outperform" rating and set a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, February 10th. Loop Capital dropped their target price on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. Barclays decreased their price objective on Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Jefferies Financial Group increased their target price on Palo Alto Networks from $225.00 to $240.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Finally, UBS Group boosted their target price on Palo Alto Networks from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Three 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, Palo Alto Networks has a consensus rating of "Moderate Buy" and an average target price of $205.06.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction on 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 in the company, valued at $8,694,210.72. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Nikesh Arora sold 235,492 shares of the stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total value of $43,170,393.44. Following the transaction, the chief executive officer now owns 1,086,404 shares in the company, valued at $199,159,581.28. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,122,864 shares of company stock worth $204,315,811 over the last three months. Insiders own 2.50% of the company's stock.

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.