OV Management LLC Raises Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

OV Management LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 111.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,590 shares of the network technology company's stock after buying an additional 2,952 shares during the period. OV Management LLC's holdings in Palo Alto Networks were worth $1,017,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. SJS Investment Consulting Inc. raised its holdings in shares of 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 valued at $25,000 after buying an additional 69 shares during the period. Valued Wealth Advisors LLC increased its stake in Palo Alto Networks by 246.3% during the fourth 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. Abound Wealth Management lifted 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 worth $27,000 after purchasing an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Palo Alto Networks by 265.0% in 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 purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Palo Alto Networks by 102.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock valued at $28,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PANW. Cantor Fitzgerald reiterated an "overweight" rating and set a $223.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 12th. Morgan Stanley set a $230.00 target price on Palo Alto Networks in a report on Tuesday, March 18th. Westpark Capital restated a "hold" rating and set a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Citigroup increased their price target on Palo Alto Networks from $205.00 to $220.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. Finally, Jefferies Financial Group lowered their price objective on Palo Alto Networks from $240.00 to $215.00 and set a "buy" rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.27.

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now owns 365,856 shares in the company, valued at approximately $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Performance

PANW stock traded up $0.67 during midday trading on Tuesday, hitting $171.31. 4,034,298 shares of the stock were exchanged, compared to its average volume of 5,899,185. The stock has a market cap of $113.42 billion, a price-to-earnings ratio of 96.51, a PEG ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39. The stock's 50-day moving average price is $187.01 and its 200-day moving average price is $185.46.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results 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 company had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. Research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS 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.