Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 92.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,172 shares of the network technology company's stock after purchasing an additional 1,523 shares during the quarter. Worth Financial Advisory Group LLC's holdings in Palo Alto Networks were worth $577,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tyler Stone Wealth Management grew its stake in shares of Palo Alto Networks by 105.8% in the fourth quarter. Tyler Stone Wealth Management now owns 1,741 shares of the network technology company's stock valued at $317,000 after buying an additional 895 shares in the last quarter. Aviso Wealth Management grew its position in Palo Alto Networks by 93.4% in the 4th quarter. Aviso Wealth Management now owns 4,824 shares of the network technology company's stock valued at $878,000 after acquiring an additional 2,330 shares in the last quarter. Graney & King LLC purchased a new stake in Palo Alto Networks during the fourth quarter worth about $59,000. Mendel Money Management lifted its position in shares of Palo Alto Networks by 85.8% during the fourth quarter. Mendel Money Management now owns 28,631 shares of the network technology company's stock worth $5,210,000 after purchasing an additional 13,218 shares in the last quarter. Finally, Banco BTG Pactual S.A. acquired a new position in shares of Palo Alto Networks in the fourth quarter valued at approximately $370,000. Institutional investors and hedge funds own 79.82% of the company's stock.

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Wall Street Analyst Weigh In

A number of analysts have recently weighed in on PANW shares. Scotiabank upped their price objective on Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Evercore ISI reduced their price target on Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating on the stock in a research report on Tuesday, December 31st. Guggenheim downgraded Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 price objective for the company. in a research report on Monday, January 6th. JMP Securities lifted their price target on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Finally, Loop Capital dropped their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $205.06.

Palo Alto Networks Price Performance

PANW traded down $1.68 during trading on Friday, reaching $172.76. 6,244,293 shares of the stock were exchanged, compared to its average volume of 5,908,199. The company has a market capitalization of $114.38 billion, a price-to-earnings ratio of 97.33, a P/E/G ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39. The business's 50 day moving average price is $187.39 and its two-hundred day moving average price is $185.39.

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

Insider Buying and Selling

In related news, EVP Lee Klarich sold 120,000 shares of the company's stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the transaction, the executive vice president now owns 365,856 shares of the company's stock, valued at approximately $65,744,323.20. This represents a 24.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 stock was 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 directly owns 47,976 shares of the company's stock, valued at $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,122,864 shares of company stock worth $204,315,811 in the last ninety days. Insiders own 2.50% of the company's stock.

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.