Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Holdings Increased by Teca Partners LP

Teca Partners LP grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,756 shares of the network technology company's stock after buying an additional 32,378 shares during the period. Palo Alto Networks accounts for 7.5% of Teca Partners LP's portfolio, making the stock its 7th biggest position. Teca Partners LP's holdings in Palo Alto Networks were worth $11,783,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its position in 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 acquiring an additional 69 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in shares of 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 valued at $26,000 after purchasing an additional 55 shares during the period. Valued Wealth Advisors LLC boosted its position in shares of 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 valued at $26,000 after purchasing an additional 101 shares in the last quarter. 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 purchasing an additional 72 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its stake in 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 worth $27,000 after purchasing an additional 106 shares during the period. Institutional investors own 79.82% of the company's stock.

Analysts Set New Price Targets

Several brokerages have commented on PANW. Westpark Capital reissued a "hold" rating and set a $196.40 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Evercore ISI lowered their price target on shares of Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating for the company in a research report on Tuesday, December 31st. Scotiabank upped their price objective on shares of Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Hsbc Global Res raised shares of Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 10th. Finally, Morgan Stanley dropped their price target on Palo Alto Networks from $230.00 to $205.00 and set an "overweight" rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.06.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $165.41, for a total value of $16,541,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,543,516 shares in the company, valued at $586,132,981.56. This represents a 2.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now owns 47,976 shares in the company, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,039,318 shares of company stock valued at $181,925,602 over the last three months. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Down 1.2 %

NASDAQ:PANW traded down $2.07 during mid-day trading on Friday, hitting $167.69. 4,768,742 shares of the company traded hands, compared to its average volume of 5,858,295. The stock's fifty day moving average price is $180.06 and its 200-day moving average price is $184.86. The firm has a market cap of $111.03 billion, a price-to-earnings ratio of 94.47, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a one year low of $137.60 and a one year high of $208.39.

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. Equities analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.