Windle Wealth LLC Increases Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Windle Wealth LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,338 shares of the network technology company's stock after acquiring an additional 2,669 shares during the period. Palo Alto Networks accounts for about 0.5% of Windle Wealth LLC's investment portfolio, making the stock its 28th largest holding. Windle Wealth LLC's holdings in Palo Alto Networks were worth $971,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB lifted its stake in shares of Palo Alto Networks by 19.7% in the 3rd quarter. Swedbank AB now owns 786,574 shares of the network technology company's stock worth $268,851,000 after purchasing an additional 129,371 shares during the period. Howard Capital Management Group LLC grew its position in shares of Palo Alto Networks by 1.5% during the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company's stock valued at $36,316,000 after purchasing an additional 1,619 shares in the last quarter. United Bank increased its stake in Palo Alto Networks by 1.3% in the 3rd quarter. United Bank now owns 6,835 shares of the network technology company's stock worth $2,336,000 after acquiring an additional 90 shares during the last quarter. XML Financial LLC lifted its position in Palo Alto Networks by 15.2% during the third quarter. XML Financial LLC now owns 681 shares of the network technology company's stock valued at $233,000 after purchasing an additional 90 shares during the last quarter. Finally, Mesirow Financial Investment Management Inc. raised its position in Palo Alto Networks by 15.8% during the third quarter. Mesirow Financial Investment Management Inc. now owns 815 shares of the network technology company's stock valued at $279,000 after purchasing an additional 111 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Palo Alto Networks from $225.00 to $240.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. Truist Financial lifted their price objective on shares of Palo Alto Networks from $200.00 to $212.50 and gave the company a "buy" rating in a research note on Monday, November 18th. Stifel Nicolaus boosted their price target on Palo Alto Networks from $192.50 to $220.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Citigroup lifted their price target on Palo Alto Networks from $205.00 to $220.00 and gave the company a "buy" rating in a research note on Tuesday, February 25th. Finally, Needham & Company LLC lifted their target price on shares of Palo Alto Networks from $192.50 to $225.00 and gave the company a "buy" rating in a research report on Thursday, November 21st. Three 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 given a strong buy rating to the company. Based on data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $205.06.

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Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $178.93 on Wednesday. The company has a market capitalization of $118.47 billion, a price-to-earnings ratio of 100.81, a P/E/G ratio of 5.64 and a beta of 1.04. The business has a fifty day simple moving average of $185.78 and a two-hundred day simple moving average of $184.83. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Thursday, February 13th. The network technology company reported $0.81 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 for the quarter, compared to analysts' expectations of $2.24 billion. As a group, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other news, EVP Lee Klarich sold 99,707 shares of the stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the transaction, the executive vice president now owns 358,197 shares of the company's stock, valued at $65,353,042.65. This represents a 21.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 completion of the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,122,864 shares of company stock worth $204,315,811 in the last quarter. 2.50% of the stock is owned by insiders.

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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