Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by RiverPark Advisors LLC

RiverPark Advisors LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 18,105.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,836 shares of the network technology company's stock after purchasing an additional 13,760 shares during the period. Palo Alto Networks makes up about 1.8% of RiverPark Advisors LLC's holdings, making the stock its 18th biggest position. RiverPark Advisors LLC's holdings in Palo Alto Networks were worth $2,518,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. SJS Investment Consulting Inc. increased its holdings in 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 buying an additional 69 shares in the last quarter. Transce3nd LLC purchased a new position in Palo Alto Networks in the 4th quarter valued at approximately $25,000. Valued Wealth Advisors LLC raised its holdings in 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 worth $26,000 after purchasing an additional 101 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in Palo Alto Networks by 64.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after purchasing an additional 55 shares in the last quarter. Finally, Abound Wealth Management grew its holdings 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 hedge funds and other institutional investors.

Insider Activity

In other news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the sale, the executive vice president now directly owns 3,543,516 shares of the company's stock, valued at approximately $586,132,981.56. The trade was a 2.74 % 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, CEO Nikesh Arora sold 490,723 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,086,404 shares of the company's stock, valued at $198,214,409.80. This represents a 31.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,039,318 shares of company stock worth $181,925,602 over the last 90 days. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Up 2.9 %

Shares of Palo Alto Networks stock opened at $168.32 on Thursday. Palo Alto Networks, Inc. has a twelve month low of $140.81 and a twelve month high of $208.39. The stock has a market cap of $111.44 billion, a price-to-earnings ratio of 94.83, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. The company has a fifty day moving average price of $177.93 and a 200 day moving average price of $184.64.

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Hsbc Global Res raised Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 10th. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 target price on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Susquehanna increased their price target on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. BTIG Research downgraded Palo Alto Networks from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. Finally, JMP Securities upped their target price on Palo Alto Networks from $208.00 to $212.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $203.06.

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.

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