Private Wealth Partners LLC Acquires 2,756 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Private Wealth Partners LLC increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 148.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,612 shares of the network technology company's stock after purchasing an additional 2,756 shares during the quarter. Private Wealth Partners LLC's holdings in Palo Alto Networks were worth $839,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its stake in Palo Alto Networks by 113.9% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company's stock valued at $26,000 after purchasing an additional 41 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Palo Alto Networks in the 3rd quarter valued at about $29,000. Strategic Investment Solutions Inc. IL lifted its stake in Palo Alto Networks by 177.4% in the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company's stock valued at $29,000 after purchasing an additional 55 shares during the last quarter. True Wealth Design LLC lifted its stake in Palo Alto Networks by 2,933.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company's stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. Finally, MidAtlantic Capital Management Inc. bought a new position in Palo Alto Networks in the 3rd quarter valued at about $32,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Nir Zuk sold 336,000 shares of Palo Alto Networks stock in a transaction on Monday, November 25th. The shares were sold at an average price of $193.70, for a total transaction of $65,081,520.00. Following the completion of the transaction, the executive vice president now owns 3,643,516 shares of the company's stock, valued at $705,730,831.62. This trade represents a 8.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks 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 completion of the sale, the executive vice president now directly owns 365,856 shares of the company's stock, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,458,864 shares of company stock valued at $269,397,331 over the last quarter. Insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW traded down $8.42 during mid-day trading on Friday, reaching $190.39. 3,641,747 shares of the company's stock were exchanged, compared to its average volume of 6,316,542. The firm has a market capitalization of $126.06 billion, a price-to-earnings ratio of 107.41, a PEG ratio of 5.82 and a beta of 1.14. The business's fifty day moving average price is $187.20 and its 200-day moving average price is $182.95. Palo Alto Networks, Inc. has a twelve month low of $132.50 and a twelve month 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 EPS for the quarter, topping analysts' consensus estimates of $0.75 by $0.06. The company had revenue of $2.26 billion for 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%. Analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PANW. Scotiabank increased their price target on shares of Palo Alto Networks from $200.00 to $225.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Westpark Capital reissued a "hold" rating and issued a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Jefferies Financial Group increased their price target on shares of Palo Alto Networks from $225.00 to $240.00 and gave the company a "buy" rating in a report on Thursday, December 19th. JPMorgan Chase & Co. increased their price target on shares of Palo Alto Networks from $193.50 to $224.50 and gave the company an "overweight" rating in a report on Monday, November 18th. Finally, UBS Group increased their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a "neutral" rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $202.70.

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.