Viawealth LLC Increases Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Viawealth LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 99.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,691 shares of the network technology company's stock after buying an additional 2,833 shares during the period. Viawealth LLC's holdings in Palo Alto Networks were worth $1,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. SJS Investment Consulting Inc. increased its holdings in 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 valued at $25,000 after purchasing an additional 69 shares during the last quarter. Valued Wealth Advisors LLC boosted its position in shares of 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 buying an additional 101 shares during the period. Abound Wealth Management grew 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 buying an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings 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 valued at $27,000 after buying an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC lifted 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 acquiring an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

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Insider Buying and Selling

In other Palo Alto Networks news, EVP Lee Klarich sold 99,707 shares of the stock in a transaction on Monday, February 3rd. The stock was 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 in the company, valued at approximately $65,353,042.65. This represents a 21.77 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nikesh Arora sold 235,492 shares of the firm's stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $183.32, for a total value of $43,170,393.44. Following the completion of the sale, the chief executive officer now directly owns 1,086,404 shares of the company's stock, valued at approximately $199,159,581.28. This trade represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,122,864 shares of company stock valued at $204,315,811 over the last ninety days. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Up 1.4 %

Shares of Palo Alto Networks stock traded up $2.47 during trading hours on Monday, hitting $184.79. 3,757,426 shares of the company were exchanged, compared to its average volume of 5,738,727. The business has a 50-day moving average of $186.92 and a 200-day moving average of $185.23. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39. The stock has a market capitalization of $122.35 billion, a price-to-earnings ratio of 104.11, a P/E/G ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 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 company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on PANW shares. Barclays cut 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. JMP Securities upped their target price on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Jefferies Financial Group raised their price target on shares of Palo Alto Networks from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Morgan Stanley assumed coverage on Palo Alto Networks in a research report on Tuesday, March 18th. They set an "overweight" rating on the stock. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a report on Monday, February 10th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $205.06.

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.