Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 156,917.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,956 shares of the network technology company's stock after purchasing an additional 54,921 shares during the quarter. New Age Alpha Advisors LLC's holdings in Palo Alto Networks were worth $10,000,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in PANW. SJS Investment Consulting Inc. grew its holdings in shares of 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 in the last quarter. Valued Wealth Advisors LLC grew its stake in shares of Palo Alto Networks by 246.3% in the fourth 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 in the last quarter. Abound Wealth Management raised its stake in shares of 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. Atlantic Edge Private Wealth Management LLC boosted its holdings in Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC grew its stake 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 purchasing an additional 79 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 99,707 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the completion of the transaction, the executive vice president now directly owns 358,197 shares of the company's stock, valued at $65,353,042.65. The trade was a 21.77 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nikesh Arora sold 235,492 shares of the firm's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at $199,159,581.28. The trade was a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,122,864 shares of company stock worth $204,315,811. Insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Down 2.3 %

NASDAQ PANW traded down $4.02 during trading hours on Monday, reaching $168.74. The company's stock had a trading volume of 1,971,338 shares, compared to its average volume of 5,893,026. The business has a 50-day simple moving average of $187.39 and a 200 day simple moving average of $185.49. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39. The stock has a market cap of $111.73 billion, a PE ratio of 95.13, a PEG ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $2.24 billion. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on PANW shares. KeyCorp lifted their price objective on Palo Alto Networks from $217.00 to $240.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Morgan Stanley set a $230.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, March 18th. Evercore ISI decreased their price objective on shares of Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating for the company in a research report on Tuesday, December 31st. Westpark Capital restated a "hold" rating and issued a $196.40 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Finally, Loop Capital lowered their price objective on Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a research report on Tuesday, January 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $204.25.

About Palo Alto Networks

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.