Edmond DE Rothschild Holding S.A. Grows Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Edmond DE Rothschild Holding S.A. boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 79.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,042 shares of the network technology company's stock after purchasing an additional 23,035 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Palo Alto Networks were worth $9,470,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. grew its position in shares of Palo Alto Networks by 97.2% in the 4th 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 during the last quarter. Valued Wealth Advisors LLC boosted its holdings in 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 acquiring an additional 101 shares in the last quarter. Abound Wealth Management increased its position in Palo Alto Networks by 97.3% during the 4th 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 period. Atlantic Edge Private Wealth Management LLC raised its holdings in 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 purchasing an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC lifted its stake in shares of Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock valued at $28,000 after purchasing an additional 79 shares during the period. Institutional investors own 79.82% of the company's stock.

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Insider Buying and Selling

In other news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the transaction, the executive vice president now directly owns 365,856 shares of the company's stock, valued at $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Company insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $223.00 price objective on shares of Palo Alto Networks in a report on Wednesday, February 12th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $225.00 price objective on shares of Palo Alto Networks in a research report on Monday, February 10th. Jefferies Financial Group dropped their target price on Palo Alto Networks from $240.00 to $215.00 and set a "buy" rating on the stock in a report on Monday. Truist Financial reduced 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. Finally, Barclays dropped their price target on shares of Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating on the stock in a research note on Tuesday, December 17th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $204.27.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW traded up $0.67 during mid-day trading on Tuesday, reaching $171.31. 4,034,298 shares of the company traded hands, compared to its average volume of 5,899,185. The company's 50 day moving average price is $187.01 and its 200-day moving average price is $185.46. The firm 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, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping 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 net margin of 14.64% and a return on equity of 21.93%. On average, research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.