Palogic Value Management L.P. Has $819,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Palogic Value Management L.P. grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,500 shares of the network technology company’s stock after buying an additional 2,250 shares during the quarter. Palogic Value Management L.P.’s holdings in Palo Alto Networks were worth $819,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. National Pension Service lifted its holdings in shares of Palo Alto Networks by 82.1% during the 4th quarter. National Pension Service now owns 1,345,740 shares of the network technology company’s stock valued at $244,871,000 after buying an additional 606,778 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of Palo Alto Networks by 31.7% during the 4th quarter. Blue Trust Inc. now owns 3,883 shares of the network technology company’s stock valued at $707,000 after buying an additional 934 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Palo Alto Networks by 103.0% during the 4th quarter. New York Life Investment Management LLC now owns 97,351 shares of the network technology company’s stock valued at $17,714,000 after buying an additional 49,391 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI lifted its holdings in shares of Palo Alto Networks by 96.8% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 3,070 shares of the network technology company’s stock valued at $559,000 after buying an additional 1,510 shares during the last quarter. Finally, Trinity Legacy Partners LLC lifted its holdings in shares of Palo Alto Networks by 107.5% during the 4th quarter. Trinity Legacy Partners LLC now owns 26,672 shares of the network technology company’s stock valued at $4,853,000 after buying an additional 13,819 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of recent analyst reports. BTIG Research downgraded Palo Alto Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Northland Securities reissued a “market perform” rating and issued a $185.00 price objective (up from $175.00) on shares of Palo Alto Networks in a research note on Thursday, November 21st. Evercore ISI cut their price objective on Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 31st. Susquehanna raised their price objective on Palo Alto Networks from $217.50 to $230.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Finally, Hsbc Global Res downgraded Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 22nd. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.06.

Insider Transactions at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the completion of the sale, the executive vice president now owns 365,856 shares in the company, valued at $65,744,323.20. The trade was a 24.70 % 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, 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 value of $89,532,411.35. Following the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $198,214,409.80. The trade was a 31.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,122,864 shares of company stock worth $204,315,811 over the last 90 days. 2.50% of the stock is owned by insiders.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $184.01 on Friday. The firm has a market cap of $121.83 billion, a P/E ratio of 103.67, a P/E/G ratio of 5.64 and a beta of 1.04. The business’s fifty day moving average is $186.41 and its two-hundred day moving average is $185.00. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current 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.