Segall Bryant & Hamill LLC Has $33.30 Million Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Segall Bryant & Hamill LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 183,023 shares of the network technology company's stock after buying an additional 89,151 shares during the period. Segall Bryant & Hamill LLC's holdings in Palo Alto Networks were worth $33,303,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in PANW. SJS Investment Consulting Inc. boosted its position in Palo Alto Networks by 97.2% during the fourth 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 during the period. Valued Wealth Advisors LLC lifted its stake in shares of Palo Alto Networks by 246.3% during the 4th 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 last quarter. Abound Wealth Management boosted its holdings in shares of Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in 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 acquiring an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its position in Palo Alto Networks by 102.6% during the fourth 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 during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

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Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock traded down $2.77 during midday trading on Friday, reaching $171.67. The company had a trading volume of 2,409,221 shares, compared to its average volume of 5,896,880. The stock has a fifty day moving average price of $187.47 and a 200 day moving average price of $185.31. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39. The firm has a market cap of $113.66 billion, a PE ratio of 96.64, a P/E/G ratio of 5.64 and a beta of 1.04.

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 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 firm had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 235,492 shares of Palo Alto Networks stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $199,159,581.28. The trade was a 17.81 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was 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 in the company, 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 quarter, insiders have sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on PANW shares. UBS Group lifted their price target on Palo Alto Networks from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Susquehanna boosted their target price on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a "positive" rating in a research report on Tuesday, February 18th. Morgan Stanley set a $230.00 price target on shares of Palo Alto Networks in a research report on Tuesday, March 18th. Westpark Capital reiterated a "hold" rating and issued a $196.40 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Finally, KeyCorp increased their target price on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average price target of $205.06.

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.