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

Palogic Value Management L.P. lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,500 shares of the network technology company's stock after acquiring an additional 2,250 shares during the quarter. Palogic Value Management L.P.'s holdings in Palo Alto Networks were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. National Pension Service increased its position in Palo Alto Networks by 82.1% in the 4th quarter. National Pension Service now owns 1,345,740 shares of the network technology company's stock worth $244,871,000 after buying an additional 606,778 shares during the period. Blue Trust Inc. increased its holdings in shares of Palo Alto Networks by 31.7% in the fourth quarter. Blue Trust Inc. now owns 3,883 shares of the network technology company's stock valued at $707,000 after purchasing an additional 934 shares in the last quarter. New York Life Investment Management LLC grew its holdings in Palo Alto Networks by 103.0% during the 4th quarter. New York Life Investment Management LLC now owns 97,351 shares of the network technology company's stock worth $17,714,000 after acquiring an additional 49,391 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Palo Alto Networks by 96.8% in the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 3,070 shares of the network technology company's stock valued at $559,000 after buying an additional 1,510 shares in the last quarter. Finally, Trinity Legacy Partners LLC raised its stake in shares of Palo Alto Networks by 107.5% in the 4th quarter. Trinity Legacy Partners LLC now owns 26,672 shares of the network technology company's stock valued at $4,853,000 after purchasing an additional 13,819 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Remove Ads

Analysts Set New Price Targets

PANW has been the topic of several research analyst reports. Royal Bank of Canada reissued an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Monday, February 10th. Barclays cut their target price on Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating on the stock in a report on Tuesday, December 17th. BTIG Research lowered Palo Alto Networks from a "buy" rating to a "neutral" rating in a research report on Wednesday, January 8th. UBS Group boosted their price target on Palo Alto Networks from $190.00 to $200.00 and gave the company a "neutral" rating in a research note on Friday, February 14th. Finally, Loop Capital cut their target price on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating on the stock in a research note on Tuesday, January 14th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $205.06.

Palo Alto Networks Price Performance

PANW stock traded up $5.16 during midday trading on Tuesday, hitting $189.95. The stock had a trading volume of 5,336,425 shares, compared to its average volume of 5,737,396. The firm has a market cap of $125.77 billion, a price-to-earnings ratio of 107.01, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. The business has a 50-day moving average of $186.92 and a two-hundred day moving average of $185.23. 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 issued its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping 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 company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In other Palo Alto Networks news, CEO Nikesh Arora sold 235,492 shares of the business's stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total value of $43,170,393.44. Following 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. The trade was a 17.81 % 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, CAO Josh D. Paul sold 700 shares of the firm'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 $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,122,864 shares of company stock worth $204,315,811. Insiders own 2.50% of the company's stock.

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.