Holistic Financial Partners Makes New $212,000 Investment in Palo Alto Networks, Inc. (NASDAQ:PANW)

Holistic Financial Partners purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,166 shares of the network technology company’s stock, valued at approximately $212,000.

Other institutional investors have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new position in Palo Alto Networks in the third quarter worth approximately $1,156,000. Harvest Portfolios Group Inc. bought a new position in Palo Alto Networks in the third quarter worth approximately $24,414,000. Jennison Associates LLC raised its position in Palo Alto Networks by 50.1% in the third quarter. Jennison Associates LLC now owns 3,147,215 shares of the network technology company’s stock worth $1,075,718,000 after acquiring an additional 1,050,173 shares during the period. Swiss National Bank raised its position in Palo Alto Networks by 0.5% in the third quarter. Swiss National Bank now owns 961,000 shares of the network technology company’s stock worth $328,470,000 after acquiring an additional 4,400 shares during the period. Finally, Farmers & Merchants Investments Inc. increased its stake in shares of Palo Alto Networks by 15.0% in the third quarter. Farmers & Merchants Investments Inc. now owns 40,173 shares of the network technology company’s stock worth $13,731,000 after purchasing an additional 5,250 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on PANW shares. Barclays reduced their price objective on shares of Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Hsbc Global Res cut shares of Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 22nd. OTR Global reissued a “negative” rating on shares of Palo Alto Networks in a research note on Thursday, November 7th. Evercore ISI reduced their price objective on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a research note on Tuesday, December 31st. Finally, BTIG Research cut shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $204.69.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 176,242 shares of the business’s 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 sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $195,596,176.16. The trade was a 13.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Josh D. Paul sold 700 shares of the business’s 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 sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock valued at $204,315,811 in the last 90 days. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW opened at $191.03 on Monday. The company has a 50-day moving average of $187.09 and a 200 day moving average of $183.70. Palo Alto Networks, Inc. has a 1-year low of $132.50 and a 1-year high of $208.39. The firm has a market capitalization of $126.48 billion, a price-to-earnings ratio of 107.62, a PEG ratio of 5.64 and a beta of 1.14.

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, topping 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 for the quarter, compared to the consensus estimate of $2.24 billion. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.