Edmond DE Rothschild Holding S.A. Has $9.47 Million Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Edmond DE Rothschild Holding S.A. raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 79.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 52,042 shares of the network technology company’s stock after buying an additional 23,035 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Palo Alto Networks were worth $9,470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Howard Capital Management Group LLC increased its position in shares of Palo Alto Networks by 1.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock valued at $36,316,000 after buying an additional 1,619 shares in the last quarter. United Bank grew its stake in Palo Alto Networks by 1.3% in the third quarter. United Bank now owns 6,835 shares of the network technology company’s stock valued at $2,336,000 after acquiring an additional 90 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Palo Alto Networks by 13.7% in the third quarter. Public Sector Pension Investment Board now owns 14,134 shares of the network technology company’s stock worth $4,831,000 after acquiring an additional 1,700 shares in the last quarter. True Wealth Design LLC raised its position in shares of Palo Alto Networks by 2,933.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock worth $31,000 after purchasing an additional 88 shares during the period. Finally, Erste Asset Management GmbH bought a new position in shares of Palo Alto Networks during the 3rd quarter valued at about $18,987,000. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the topic of several research analyst reports. KeyCorp raised their target price on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Susquehanna raised their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Scotiabank upped their target price on shares of Palo Alto Networks from $200.00 to $225.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. UBS Group lifted their price target on Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $223.00 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 assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $204.25.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $170.64 on Tuesday. The firm has a market cap of $112.98 billion, a price-to-earnings ratio of 96.14, a P/E/G ratio of 5.64 and a beta of 1.04. The stock’s fifty day moving average price is $187.26 and its two-hundred day moving average price is $185.48. 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 results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate 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 business 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.

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,000 shares of the firm’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $179.70, for a total value of $21,564,000.00. Following the transaction, the executive vice president now owns 365,856 shares in the company, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Nikesh Arora sold 235,492 shares of the company’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the sale, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at $199,159,581.28. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is currently owned by company 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.