TD Private Client Wealth LLC Raises Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

TD Private Client Wealth LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 105.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,149 shares of the network technology company’s stock after acquiring an additional 1,104 shares during the period. TD Private Client Wealth LLC’s holdings in Palo Alto Networks were worth $391,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of PANW. Howard Capital Management Group LLC boosted its position in shares of Palo Alto Networks by 1.5% in the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock worth $36,316,000 after purchasing an additional 1,619 shares during the period. United Bank lifted its stake in shares of Palo Alto Networks by 1.3% during the 3rd quarter. United Bank now owns 6,835 shares of the network technology company’s stock valued at $2,336,000 after buying an additional 90 shares in the last quarter. GSA Capital Partners LLP bought a new position in Palo Alto Networks in the 3rd quarter worth $231,000. Intech Investment Management LLC increased its stake in Palo Alto Networks by 26.6% in the 3rd quarter. Intech Investment Management LLC now owns 7,449 shares of the network technology company’s stock worth $2,546,000 after buying an additional 1,567 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Palo Alto Networks by 35.4% during the third quarter. Fisher Asset Management LLC now owns 2,592 shares of the network technology company’s stock valued at $886,000 after acquiring an additional 677 shares during the period. 79.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on PANW shares. Susquehanna increased their target price on Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. Barclays reduced their price objective on shares of Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. KeyCorp upped their target price on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Citigroup boosted their price target on shares of Palo Alto Networks from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday, February 25th. Finally, Westpark Capital restated a “hold” rating and set a $196.40 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Three 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 stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $205.06.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $184.79 on Tuesday. The company has a market capitalization of $122.35 billion, a P/E ratio of 104.11, a P/E/G ratio of 5.64 and a beta of 1.04. The company’s 50-day simple moving average is $186.92 and its two-hundred day simple moving average is $185.23. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39.

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

Insider Activity at Palo Alto Networks

In other news, CEO Nikesh Arora sold 490,723 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value 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 approximately $198,214,409.80. The trade was a 31.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at $8,694,210.72. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,122,864 shares of company stock worth $204,315,811 over the last three months. 2.50% of the stock is owned by corporate insiders.

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.