Palogic Value Management L.P. Acquires 2,250 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Palogic Value Management L.P. increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,500 shares of the network technology company's stock after acquiring an additional 2,250 shares during the period. Palogic Value Management L.P.'s holdings in Palo Alto Networks were worth $819,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in Palo Alto Networks in the 3rd quarter valued at about $29,000. True Wealth Design LLC grew its holdings in shares of Palo Alto Networks by 2,933.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company's stock worth $31,000 after purchasing an additional 88 shares during the period. SJS Investment Consulting Inc. raised its position in Palo Alto Networks by 97.2% in the fourth 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 period. Valued Wealth Advisors LLC boosted its holdings in Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock worth $26,000 after acquiring an additional 101 shares during the period. Finally, Abound Wealth Management grew its position in Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

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Palo Alto Networks Stock Performance

Shares of PANW stock traded down $0.66 during trading hours on Tuesday, hitting $169.99. The company had a trading volume of 1,549,312 shares, compared to its average volume of 5,891,275. The firm's fifty day moving average is $187.26 and its 200 day moving average is $185.48. The firm has a market capitalization of $112.55 billion, a price-to-earnings ratio of 95.53, a PEG ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity

In related news, EVP Lee Klarich sold 120,000 shares of the firm's stock in a transaction on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the sale, the executive vice president now owns 365,856 shares of the company's stock, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Nikesh Arora sold 176,242 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $180.04, for a total value of $31,730,609.68. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares of the company's stock, valued at $195,596,176.16. This trade represents a 13.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock valued at $204,315,811 over the last three months. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $235.00 price target on shares of Palo Alto Networks in a research note on Monday. Citigroup upped their target price on shares of Palo Alto Networks from $205.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. UBS Group boosted their price target on Palo Alto Networks from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Finally, Jefferies Financial Group reduced their price target on shares of Palo Alto Networks from $240.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $204.27.

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.