Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 94.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 22,728 shares of the network technology company’s stock after acquiring an additional 11,029 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Palo Alto Networks were worth $4,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SJS Investment Consulting Inc. grew its position in Palo Alto Networks by 97.2% in the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after buying an additional 69 shares during the last quarter. Valued Wealth Advisors LLC grew 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 worth $26,000 after acquiring an additional 101 shares during the last quarter. Abound Wealth Management raised its position in shares of Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC raised its holdings in 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 during the period. Finally, Capital Advisors Ltd. LLC lifted its position in shares of Palo Alto Networks by 102.6% in the 4th 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 currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other news, CEO Nikesh Arora sold 490,723 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at $198,214,409.80. This represents a 31.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,122,864 shares of company stock worth $204,315,811. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PANW has been the subject of several recent analyst reports. JMP Securities raised their target price on Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Loop Capital lowered their target price on Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating on the stock in a research note on Tuesday, January 14th. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Monday, January 6th. Westpark Capital restated a “hold” rating and set a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $223.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $205.06.

Palo Alto Networks Price Performance

Shares of PANW opened at $172.76 on Friday. The business’s 50 day simple moving average is $187.39 and its 200-day simple moving average is $185.31. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39. The company has a market capitalization of $114.38 billion, a P/E ratio of 97.33, a PEG ratio of 5.64 and a beta of 1.04.

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. 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 analyst estimates of $2.24 billion. On average, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal 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.