Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by Goldstream Capital Management Ltd

Goldstream Capital Management Ltd raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 120.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,542 shares of the network technology company's stock after acquiring an additional 10,661 shares during the period. Palo Alto Networks makes up 1.0% of Goldstream Capital Management Ltd's portfolio, making the stock its 13th largest holding. Goldstream Capital Management Ltd's holdings in Palo Alto Networks were worth $3,556,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its holdings 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 buying an additional 69 shares during the period. Transce3nd LLC purchased a new stake in Palo Alto Networks in the fourth quarter worth about $25,000. Valued Wealth Advisors LLC boosted its stake 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. Strategic Investment Solutions Inc. IL boosted its position in Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after acquiring an additional 55 shares in the last quarter. Finally, Abound Wealth Management grew its stake 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 purchasing an additional 72 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The stock was 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $165.41, for a total value of $16,541,000.00. Following the completion of the sale, the executive vice president now directly owns 3,543,516 shares of the company's stock, valued at $586,132,981.56. The trade was a 2.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,039,318 shares of company stock valued at $181,925,602 in the last ninety days. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Guggenheim lowered shares of Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 price target on the stock. in a report on Monday, January 6th. Truist Financial decreased their price objective on shares of Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Loop Capital dropped their target price on Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Westpark Capital reaffirmed a "hold" rating and issued a $196.40 price objective on shares of Palo Alto Networks in a report on Wednesday, February 12th. Finally, Morgan Stanley cut their price objective on Palo Alto Networks from $230.00 to $205.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $203.06.

Palo Alto Networks Stock Performance

Shares of PANW traded up $7.72 during mid-day trading on Thursday, hitting $176.04. 4,016,386 shares of the company's stock were exchanged, compared to its average volume of 5,825,638. The stock's 50-day moving average is $177.93 and its 200-day moving average is $184.64. The company has a market cap 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, Inc. has a fifty-two week low of $140.81 and a fifty-two week 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 EPS for the quarter, topping 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, equities research analysts anticipate 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.