Oxford Wealth Group LLC Buys 3,090 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Oxford Wealth Group LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 95.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,318 shares of the network technology company's stock after buying an additional 3,090 shares during the quarter. Oxford Wealth Group LLC's holdings in Palo Alto Networks were worth $1,150,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Uniting Wealth Partners LLC acquired a new position in shares of Palo Alto Networks during the 4th quarter worth $548,000. Whittier Trust Co. of Nevada Inc. raised its stake in Palo Alto Networks by 94.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 11,661 shares of the network technology company's stock worth $2,122,000 after acquiring an additional 5,658 shares in the last quarter. Knights of Columbus Asset Advisors LLC lifted its holdings in shares of Palo Alto Networks by 108.1% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 21,354 shares of the network technology company's stock worth $3,886,000 after acquiring an additional 11,095 shares during the last quarter. National Pension Service boosted its stake in shares of Palo Alto Networks by 82.1% in the 4th quarter. National Pension Service now owns 1,345,740 shares of the network technology company's stock valued at $244,871,000 after purchasing an additional 606,778 shares in the last quarter. Finally, Mosley Wealth Management grew its holdings in shares of Palo Alto Networks by 116.2% during the 4th quarter. Mosley Wealth Management now owns 3,023 shares of the network technology company's stock valued at $561,000 after purchasing an additional 1,625 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Trading Up 4.6 %

NASDAQ PANW traded up $7.72 on Thursday, hitting $176.04. 4,016,386 shares of the company traded hands, compared to its average volume of 5,826,155. The business's 50 day moving average price is $177.45 and its 200-day moving average price is $184.69. Palo Alto Networks, Inc. has a 52-week low of $140.81 and a 52-week high of $208.39. The company has a market capitalization of $116.56 billion, a price-to-earnings ratio of 99.18, a P/E/G ratio of 5.64 and a beta of 1.07.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 99,707 shares of the firm's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $18,191,542.15. Following the completion of the transaction, the executive vice president now directly owns 358,197 shares of the company's stock, valued at approximately $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction on 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 sale, the executive vice president now owns 3,543,516 shares in the company, valued at $586,132,981.56. This represents a 2.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,039,318 shares of company stock valued at $181,925,602 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $190.00 price target (down from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Westpark Capital restated a "hold" rating and issued a $196.40 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Citigroup lifted their price target on shares of Palo Alto Networks from $205.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. Hsbc Global Res raised Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research report on Thursday, April 10th. Finally, Loop Capital lowered their price objective on 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. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price 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.