Palo Alto Networks, Inc. (NASDAQ:PANW) Stock Holdings Increased by Lyell Wealth Management LP

Lyell Wealth Management LP lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 158,186 shares of the network technology company’s stock after acquiring an additional 79,305 shares during the quarter. Palo Alto Networks accounts for about 2.6% of Lyell Wealth Management LP’s portfolio, making the stock its 6th largest position. Lyell Wealth Management LP’s holdings in Palo Alto Networks were worth $28,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of PANW. SJS Investment Consulting Inc. increased its position in shares of 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 acquiring an additional 69 shares during the period. Capital Advisors Ltd. LLC increased its holdings in Palo Alto Networks by 113.9% in the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock valued at $26,000 after buying an additional 41 shares during the last quarter. Valued Wealth Advisors LLC increased its holdings in Palo Alto Networks by 246.3% in the fourth 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 during the last quarter. Abound Wealth Management increased its holdings in Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 72 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC increased its holdings in 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 valued at $27,000 after buying an additional 106 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 4.1 %

Shares of NASDAQ:PANW opened at $208.28 on Wednesday. The company has a market cap of $136.67 billion, a P/E ratio of 117.34, a PEG ratio of 5.70 and a beta of 1.14. Palo Alto Networks, Inc. has a 52 week low of $130.04 and a 52 week high of $208.35. The company has a 50-day moving average price of $186.84 and a 200 day moving average price of $182.29.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.24 billion. Analysts expect that Palo Alto Networks, Inc. will post 1.75 EPS for the current year.

Insider Activity

In other news, CEO Nikesh Arora sold 176,242 shares of Palo Alto Networks stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the completion of the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $195,596,176.16. This trade represents a 13.96 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nir Zuk sold 336,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $193.70, for a total transaction of $65,081,520.00. Following the transaction, the executive vice president now directly owns 3,643,516 shares of the company’s stock, valued at approximately $705,730,831.62. This trade represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,458,864 shares of company stock worth $269,397,331. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

PANW has been the topic of several recent analyst reports. JPMorgan Chase & Co. increased their target price on Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a report on Monday, November 18th. Wells Fargo & Company increased their target price on Palo Alto Networks from $208.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $190.00 target price (down previously from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. HSBC lowered Palo Alto Networks from a “hold” rating to a “reduce” rating and dropped their price objective for the stock from $152.00 to $145.50 in a report on Friday, November 22nd. Finally, TD Cowen raised their price objective on Palo Alto Networks from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $202.70.

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.