Palogic Value Management L.P. Raises Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Palogic Value Management L.P. grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,500 shares of the network technology company's stock after acquiring an additional 2,250 shares during the period. Palogic Value Management L.P.'s holdings in Palo Alto Networks were worth $819,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Swedbank AB grew its stake in Palo Alto Networks by 19.7% during the third quarter. Swedbank AB now owns 786,574 shares of the network technology company's stock valued at $268,851,000 after acquiring an additional 129,371 shares in the last quarter. Howard Capital Management Group LLC grew its position in shares of Palo Alto Networks by 1.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company's stock valued at $36,316,000 after purchasing an additional 1,619 shares in the last quarter. United Bank increased its holdings in shares of Palo Alto Networks by 1.3% in the third quarter. United Bank now owns 6,835 shares of the network technology company's stock worth $2,336,000 after purchasing an additional 90 shares during the period. GSA Capital Partners LLP purchased a new stake in shares of Palo Alto Networks in the third quarter worth $231,000. Finally, Quest Partners LLC boosted its stake in Palo Alto Networks by 1,074.3% during the third quarter. Quest Partners LLC now owns 2,607 shares of the network technology company's stock valued at $891,000 after buying an additional 2,385 shares during the period. 79.82% of the stock is owned by institutional investors.

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Insider Buying and Selling

In other Palo Alto Networks news, CEO Nikesh Arora sold 235,492 shares of the business's stock in a transaction dated Friday, January 3rd. The stock was 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the company's stock in a transaction dated 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 sale, 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,122,864 shares of company stock worth $204,315,811. 2.50% of the stock is owned by insiders.

Palo Alto Networks Stock Performance

Shares of PANW stock traded up $5.16 during mid-day trading on Tuesday, hitting $189.95. The company's stock had a trading volume of 5,336,425 shares, compared to its average volume of 5,739,160. 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 $125.77 billion, a price-to-earnings ratio of 107.01, a PEG ratio of 5.64 and a beta of 1.04. The business has a 50-day moving average price of $187.31 and a 200 day moving average price of $185.38.

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 the consensus estimate 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 business had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.24 billion. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Rosenblatt Securities upped their target price on Palo Alto Networks from $212.50 to $235.00 and gave the stock a "buy" rating in a research note on Tuesday, February 11th. Susquehanna upped their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday, February 18th. Loop Capital dropped their target price on shares of 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. Evercore ISI cut their price target on shares of Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating for the company in a research note on Tuesday, December 31st. Finally, JMP Securities raised their price objective on shares of Palo Alto Networks from $208.00 to $212.00 and gave the company a "market outperform" rating in a research report on Friday, February 14th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus price target of $205.06.

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.