Vinva Investment Management Ltd Acquires 1,739 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Vinva Investment Management Ltd increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 20.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,130 shares of the network technology company's stock after buying an additional 1,739 shares during the period. Vinva Investment Management Ltd's holdings in Palo Alto Networks were worth $1,866,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Itau Unibanco Holding S.A. bought a new stake in shares of Palo Alto Networks during the 3rd quarter worth $29,000. True Wealth Design LLC lifted its stake in Palo Alto Networks by 2,933.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the network technology company's stock worth $31,000 after purchasing an additional 88 shares during the last quarter. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the 3rd quarter worth about $39,000. SJS Investment Consulting Inc. increased its position in shares of 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 valued at $25,000 after purchasing an additional 69 shares during the last quarter. Finally, Valued Wealth Advisors LLC raised its holdings 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 valued at $26,000 after buying an additional 101 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on PANW shares. Royal Bank of Canada reissued an "outperform" rating and set a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, February 10th. Scotiabank lifted their target price on shares of Palo Alto Networks from $200.00 to $225.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Morgan Stanley started coverage on shares of Palo Alto Networks in a research report on Tuesday, March 18th. They set an "overweight" rating for the company. Loop Capital decreased their price objective on Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating on the stock in a report on Tuesday, January 14th. Finally, Citigroup increased their target price on Palo Alto Networks from $205.00 to $220.00 and gave the company a "buy" rating in a report on Tuesday, February 25th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $205.06.

Remove Ads

Palo Alto Networks Stock Performance

Shares of PANW traded up $5.16 during trading hours on Tuesday, hitting $189.95. The company had a trading volume of 5,336,425 shares, compared to its average volume of 5,737,396. The stock has a market capitalization of $125.77 billion, a price-to-earnings ratio of 107.01, a P/E/G ratio of 5.64 and a beta of 1.04. The firm has a fifty day moving average price of $186.92 and a 200-day moving average price 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 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 business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.24 billion. Research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,000 shares of the business's 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 in the company, valued at approximately $65,744,323.20. The trade was a 24.70 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 235,492 shares of the firm'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 completion of the transaction, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $199,159,581.28. This trade represents a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,122,864 shares of company stock worth $204,315,811. Company 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.