Sage Mountain Advisors LLC Buys 1,943 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Sage Mountain Advisors LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.8% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,871 shares of the network technology company's stock after purchasing an additional 1,943 shares during the period. Sage Mountain Advisors LLC's holdings in Palo Alto Networks were worth $704,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. SJS Investment Consulting Inc. lifted its holdings in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock worth $25,000 after purchasing an additional 69 shares in the last quarter. Valued Wealth Advisors LLC grew its position in 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 valued at $26,000 after acquiring an additional 101 shares during the last quarter. Abound Wealth Management raised its position in Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in Palo Alto Networks by 102.6% in the fourth 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 last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Up 2.9 %

Shares of Palo Alto Networks stock opened at $178.93 on Wednesday. The company's 50-day moving average price is $185.78 and its two-hundred day moving average price is $184.83. The stock has a market cap of $118.47 billion, a PE ratio of 100.81, a price-to-earnings-growth 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.

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Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted 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. The firm 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, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 120,000 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the sale, the executive vice president now owns 365,856 shares in the company, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 176,242 shares of the firm's stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the transaction, the chief executive officer now directly owns 1,086,404 shares of the company's stock, valued at $195,596,176.16. The trade was a 13.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock worth $204,315,811 in the last quarter. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Bank of America lifted their price objective on Palo Alto Networks from $200.00 to $215.00 and gave the stock a "neutral" rating in a research report on Thursday, November 21st. UBS Group raised their price objective on Palo Alto Networks from $190.00 to $200.00 and gave the company a "neutral" rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their target price on shares of Palo Alto Networks from $225.00 to $240.00 and gave the stock a "buy" rating in a report on Thursday, December 19th. Truist Financial upped their price target on Palo Alto Networks from $200.00 to $212.50 and gave the company a "buy" rating in a report on Monday, November 18th. Finally, StockNews.com cut shares of Palo Alto Networks from a "buy" rating to a "hold" rating in a report on Tuesday, December 24th. Three investment 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 assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.

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