Groupama Asset Managment Increases Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Groupama Asset Managment increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 38.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,211 shares of the network technology company's stock after buying an additional 181,915 shares during the period. Palo Alto Networks accounts for 0.9% of Groupama Asset Managment's portfolio, making the stock its 24th largest position. Groupama Asset Managment owned approximately 0.10% of Palo Alto Networks worth $119,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also bought and sold shares of the company. OV Management LLC increased its stake in Palo Alto Networks by 111.9% during the 4th quarter. OV Management LLC now owns 5,590 shares of the network technology company's stock valued at $1,017,000 after purchasing an additional 2,952 shares in the last quarter. Trexquant Investment LP increased its position in shares of Palo Alto Networks by 2.6% during the 4th quarter. Trexquant Investment LP now owns 86,622 shares of the network technology company's stock valued at $15,762,000 after purchasing an additional 2,167 shares during the last quarter. May Hill Capital LLC purchased a new stake in shares of Palo Alto Networks in the 4th quarter worth $220,000. PFC Capital Group Inc. raised its stake in shares of Palo Alto Networks by 113.2% in the fourth quarter. PFC Capital Group Inc. now owns 12,130 shares of the network technology company's stock worth $2,207,000 after buying an additional 6,440 shares during the period. Finally, Boston Family Office LLC boosted its position in shares of Palo Alto Networks by 96.0% in the fourth quarter. Boston Family Office LLC now owns 102,546 shares of the network technology company's stock worth $18,659,000 after purchasing an additional 50,235 shares during the period. 79.82% of the stock is owned by institutional investors.

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Analyst Ratings Changes

PANW has been the topic of several recent analyst reports. Stephens initiated coverage on shares of Palo Alto Networks in a research report on Tuesday. They set an "equal weight" rating and a $205.00 price objective on the stock. Scotiabank boosted their target price on Palo Alto Networks from $200.00 to $225.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $190.00 price objective (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Truist Financial lowered their target price 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. Finally, KeyCorp lifted their target price on Palo Alto Networks from $217.00 to $240.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus target price of $204.27.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 700 shares of the firm's 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. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 99,707 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $18,191,542.15. Following the completion of the transaction, the executive vice president now owns 358,197 shares of the company's stock, valued at $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Performance

NASDAQ PANW traded up $0.67 during trading hours on Tuesday, reaching $171.31. The company's stock had a trading volume of 4,034,298 shares, compared to its average volume of 5,899,185. The company's 50-day moving average is $187.01 and its two-hundred day moving average is $185.46. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39. The stock has a market cap of $113.42 billion, a PE ratio of 96.51, a PEG ratio of 5.64 and a beta of 1.04.

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

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.