Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by Capital Management Associates NY

Capital Management Associates NY lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% during the fourth quarter, HoldingsChannel reports. The firm owned 10,000 shares of the network technology company’s stock after purchasing an additional 5,000 shares during the quarter. Palo Alto Networks comprises about 2.1% of Capital Management Associates NY’s holdings, making the stock its 15th largest holding. Capital Management Associates NY’s holdings in Palo Alto Networks were worth $1,820,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. SJS Investment Consulting Inc. lifted 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 purchasing an additional 69 shares in the last quarter. Valued Wealth Advisors LLC raised 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 acquiring an additional 101 shares in the last quarter. Abound Wealth Management raised 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 acquiring an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised 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 acquiring an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in Palo Alto Networks by 102.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 3.4 %

Shares of NASDAQ PANW opened at $182.34 on Friday. Palo Alto Networks, Inc. has a twelve month low of $132.50 and a twelve month high of $208.39. The company has a market capitalization of $120.73 billion, a price-to-earnings ratio of 102.73, a PEG ratio of 5.64 and a beta of 1.04. The firm has a 50-day moving average of $185.63 and a two-hundred day moving average of $184.79.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share 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 company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 490,723 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were 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 directly owns 1,086,404 shares of the company’s stock, valued at approximately $198,214,409.80. This represents a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 99,707 shares of the company’s 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 sale, the executive vice president now directly owns 358,197 shares of the company’s stock, valued at $65,353,042.65. This represents a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. UBS Group upped their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Piper Sandler upped their price target on shares of Palo Alto Networks from $165.00 to $192.50 and gave the company a “neutral” rating in a report on Thursday, November 21st. HSBC cut shares of Palo Alto Networks from a “hold” rating to a “reduce” rating and cut their price target for the company from $152.00 to $145.50 in a report on Friday, November 22nd. Northland Securities reissued a “market perform” rating and set a $185.00 target price (up from $175.00) on shares of Palo Alto Networks in a report on Thursday, November 21st. Finally, Needham & Company LLC increased their target price on shares of Palo Alto Networks from $192.50 to $225.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $205.06.

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.