Philadelphia Trust Co. Boosts Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Philadelphia Trust Co. grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 95.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 150,385 shares of the network technology company's stock after purchasing an additional 73,626 shares during the period. Palo Alto Networks makes up about 2.0% of Philadelphia Trust Co.'s holdings, making the stock its 14th largest position. Philadelphia Trust Co.'s holdings in Palo Alto Networks were worth $27,364,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. SJS Investment Consulting Inc. increased 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 buying an additional 69 shares in the last quarter. Valued Wealth Advisors LLC boosted 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 valued at $26,000 after purchasing an additional 101 shares during the period. Abound Wealth Management grew its position in shares of Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its position in shares of 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 worth $27,000 after acquiring an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of 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 valued at $28,000 after buying an additional 79 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a $190.00 price target (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. UBS Group increased their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a "neutral" rating in a research note on Friday, February 14th. Truist Financial cut their price target on Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating for the company in a report on Monday, March 31st. Guggenheim downgraded Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 price objective on the stock. in a report on Monday, January 6th. Finally, HSBC raised shares of Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 target price for the company in a research note on Thursday. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus price target of $204.52.

Palo Alto Networks Stock Up 1.0 %

PANW traded up $1.64 during trading on Monday, reaching $169.98. 5,098,383 shares of the stock traded hands, compared to its average volume of 5,901,559. The stock has a market capitalization of $112.54 billion, a PE ratio of 95.76, a P/E/G ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 12 month low of $135.18 and a 12 month high of $208.39. The stock's 50-day moving average is $182.29 and its 200 day moving average is $184.90.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $2.26 billion for 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.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,976 shares of the company's stock, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikesh Arora sold 490,723 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 $89,532,411.35. Following the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. The trade was a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,039,318 shares of company stock valued at $181,925,602. Company insiders own 2.50% of the company's stock.

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.