340 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Purchased by Human Investing LLC

Human Investing LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 340 shares of the network technology company’s stock, valued at approximately $62,000.

Several other hedge funds have also recently bought and sold shares of PANW. Mainstream Capital Management LLC purchased a new stake in shares of Palo Alto Networks during the 3rd quarter worth about $1,156,000. Harvest Portfolios Group Inc. purchased a new stake in shares of Palo Alto Networks during the 3rd quarter worth about $24,414,000. Jennison Associates LLC raised its stake in shares of Palo Alto Networks by 50.1% in the 3rd quarter. Jennison Associates LLC now owns 3,147,215 shares of the network technology company’s stock valued at $1,075,718,000 after acquiring an additional 1,050,173 shares in the last quarter. Swiss National Bank raised its stake in shares of Palo Alto Networks by 0.5% in the 3rd quarter. Swiss National Bank now owns 961,000 shares of the network technology company’s stock valued at $328,470,000 after acquiring an additional 4,400 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. raised its stake in shares of Palo Alto Networks by 15.0% in the 3rd quarter. Farmers & Merchants Investments Inc. now owns 40,173 shares of the network technology company’s stock valued at $13,731,000 after acquiring an additional 5,250 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

Shares of PANW opened at $208.28 on Wednesday. The stock has a fifty day moving average price of $186.84 and a two-hundred day moving average price of $182.29. Palo Alto Networks, Inc. has a 52-week low of $130.04 and a 52-week high of $208.35. The company has a market cap of $136.67 billion, a price-to-earnings ratio of 54.24, a PEG ratio of 5.36 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a return on equity of 23.36% and a net margin of 32.99%. As a group, research analysts predict that Palo Alto Networks, Inc. will post 1.74 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, CEO Nikesh Arora sold 490,723 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at $198,214,409.80. The trade was a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nir Zuk sold 336,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the sale, the executive vice president now owns 3,643,516 shares of the company’s stock, valued at approximately $705,730,831.62. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,458,864 shares of company stock worth $269,397,331 over the last 90 days. 2.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PANW has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their price objective on Palo Alto Networks from $208.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. BTIG Research lowered Palo Alto Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. JMP Securities raised their target price on Palo Alto Networks from $208.00 to $212.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Truist Financial raised their target price 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, KeyCorp raised their target price on Palo Alto Networks from $217.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $202.70.

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.