PFC Capital Group Inc. Acquires 6,440 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

PFC Capital Group Inc. grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 113.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,130 shares of the network technology company's stock after purchasing an additional 6,440 shares during the quarter. Palo Alto Networks makes up approximately 1.1% of PFC Capital Group Inc.'s investment portfolio, making the stock its 20th largest holding. PFC Capital Group Inc.'s holdings in Palo Alto Networks were worth $2,207,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PANW. SJS Investment Consulting Inc. lifted its position in Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock worth $25,000 after acquiring an additional 69 shares during the last quarter. Valued Wealth Advisors LLC lifted its holdings in 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 last quarter. Abound Wealth Management lifted its holdings in Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC grew its holdings in Palo Alto Networks by 265.0% in the 4th 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 in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Palo Alto Networks by 102.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after buying an additional 79 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

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Palo Alto Networks Stock Up 0.4 %

Shares of PANW stock traded up $0.67 during trading hours on Tuesday, hitting $171.31. 4,034,298 shares of the company's stock traded hands, compared to its average volume of 5,899,185. The stock has a market cap of $113.42 billion, a PE ratio of 96.51, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. The stock's 50 day simple moving average is $187.01 and its 200 day simple moving average is $185.46. 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 posted its quarterly earnings data 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. BTIG Research cut shares of Palo Alto Networks from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. StockNews.com lowered shares of Palo Alto Networks from a "buy" rating to a "hold" rating in a research report on Tuesday, December 24th. Evercore ISI lowered their target price on shares of Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating on the stock in a report on Tuesday, December 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Finally, KeyCorp raised their price objective on Palo Alto Networks from $217.00 to $240.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Three 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 given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $204.27.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the 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 completion of the sale, the chief accounting officer now owns 47,976 shares of the company's stock, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nikesh Arora sold 176,242 shares of the firm's stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the transaction, the chief executive officer now owns 1,086,404 shares of the company's stock, valued at approximately $195,596,176.16. The trade was a 13.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,122,864 shares of company stock worth $204,315,811 over the last ninety days. 2.50% of the stock is owned by insiders.

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.