MRP Capital Investments LLC Grows Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

MRP Capital Investments LLC raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 97.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,220 shares of the network technology company's stock after purchasing an additional 5,050 shares during the quarter. Palo Alto Networks accounts for approximately 1.7% of MRP Capital Investments LLC's holdings, making the stock its 15th biggest holding. MRP Capital Investments LLC's holdings in Palo Alto Networks were worth $1,860,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Wayfinding Financial LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter worth approximately $242,000. Adams Diversified Equity Fund Inc. bought a new stake in shares of Palo Alto Networks during the fourth quarter worth $4,585,000. TD Private Client Wealth LLC lifted its position in shares of Palo Alto Networks by 105.6% during the fourth quarter. TD Private Client Wealth LLC now owns 2,149 shares of the network technology company's stock worth $391,000 after purchasing an additional 1,104 shares during the last quarter. Lee Danner & Bass Inc. boosted its stake in shares of Palo Alto Networks by 283.9% during the fourth quarter. Lee Danner & Bass Inc. now owns 12,869 shares of the network technology company's stock valued at $2,342,000 after purchasing an additional 9,517 shares during the period. Finally, Independent Solutions Wealth Management LLC grew its holdings in shares of Palo Alto Networks by 104.4% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 11,314 shares of the network technology company's stock worth $2,059,000 after purchasing an additional 5,780 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

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Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction on Monday, January 6th. The shares were sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the transaction, the executive vice president now owns 365,856 shares of the company's stock, valued at approximately $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nikesh Arora sold 490,723 shares of the stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. The trade was a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,122,864 shares of company stock worth $204,315,811. Insiders own 2.50% of the company's stock.

Palo Alto Networks Price Performance

NASDAQ:PANW traded up $5.16 during midday trading on Tuesday, hitting $189.95. The company's stock had a trading volume of 5,336,425 shares, compared to its average volume of 5,739,160. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39. The firm's 50 day moving average is $187.31 and its 200-day moving average is $185.38. The firm has a market cap of $125.77 billion, a P/E ratio of 107.01, a P/E/G ratio of 5.64 and a beta of 1.04.

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 analysts' consensus estimates of $0.75 by $0.06. The firm had revenue of $2.26 billion for the quarter, compared to analyst estimates 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 forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PANW shares. Westpark Capital reissued a "hold" rating and issued a $196.40 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. KeyCorp boosted their price target on Palo Alto Networks from $217.00 to $240.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. StockNews.com downgraded Palo Alto Networks from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. Barclays lowered their target price on Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating for the company in a report on Tuesday, December 17th. Finally, Rosenblatt Securities raised their price target on Palo Alto Networks from $212.50 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average price target of $205.06.

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.