Bradley Foster & Sargent Inc. CT Has $3.48 Million Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Bradley Foster & Sargent Inc. CT increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 101.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,119 shares of the network technology company’s stock after purchasing an additional 9,606 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Palo Alto Networks were worth $3,479,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of PANW. SJS Investment Consulting Inc. boosted 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 worth $25,000 after acquiring an additional 69 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Palo Alto Networks by 113.9% during the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock worth $26,000 after purchasing an additional 41 shares during the last quarter. Valued Wealth Advisors LLC boosted its holdings in shares of Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Abound Wealth Management increased its stake in shares of Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Palo Alto Networks by 265.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 106 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nir Zuk sold 336,000 shares of the company’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 $705,730,831.62. This trade represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,458,864 shares of company stock valued at $269,397,331. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the topic of several research analyst reports. Truist Financial raised their price objective on Palo Alto Networks from $200.00 to $212.50 and gave the company a “buy” rating in a research note on Monday, November 18th. StockNews.com lowered shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Loop Capital dropped their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Rosenblatt Securities boosted their target price on shares of Palo Alto Networks from $212.50 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, Citigroup dropped their price target on Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating for the company in a research note on Friday, January 17th. Three investment 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’s stock. According to data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus price target of $204.69.

Palo Alto Networks Stock Down 3.9 %

Shares of PANW opened at $191.03 on Friday. The stock has a market cap of $126.48 billion, a P/E ratio of 107.62, a P/E/G ratio of 5.82 and a beta of 1.14. The business’s fifty day moving average is $187.20 and its 200 day moving average is $182.95. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (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 analysts’ expectations of $2.24 billion. On average, analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

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.