Ossiam Acquires 9,841 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Ossiam grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 84.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,446 shares of the network technology company's stock after buying an additional 9,841 shares during the quarter. Ossiam's holdings in Palo Alto Networks were worth $3,902,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. SJS Investment Consulting Inc. increased its position in shares of Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Valued Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after purchasing an additional 101 shares during the period. Strategic Investment Solutions Inc. IL raised its position in Palo Alto Networks by 64.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after purchasing an additional 55 shares during the period. Abound Wealth Management boosted its position in shares of Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 72 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC grew its stake in shares of Palo Alto Networks by 265.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock valued at $27,000 after buying an additional 106 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, CEO Nikesh Arora sold 490,723 shares of the company's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares of the company's stock, valued at $198,214,409.80. This represents a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the completion of the transaction, the executive vice president now directly owns 321,774 shares in the company, valued at approximately $48,629,704.62. This represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,039,318 shares of company stock worth $181,925,602. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $167.69 on Friday. The stock has a 50 day simple moving average of $180.06 and a 200-day simple moving average of $184.86. Palo Alto Networks, Inc. has a 1-year low of $137.60 and a 1-year high of $208.39. The company has a market cap of $111.03 billion, a price-to-earnings ratio of 94.47, a PEG ratio of 5.64 and a beta of 1.07.

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 (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. The business 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%. Analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PANW shares. Loop Capital cut their price target on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $190.00 target price (down from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. Guggenheim downgraded shares of Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 price objective on the stock. in a research note on Monday, January 6th. HSBC upgraded Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 target price for the company in a report on Thursday, April 10th. Finally, KeyCorp dropped their price objective on Palo Alto Networks from $240.00 to $205.00 and set an "overweight" rating on the stock in a research report on Thursday. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $203.06.

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.

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