Linden Thomas Advisory Services LLC Has $3.13 Million Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Linden Thomas Advisory Services LLC grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,615 shares of the network technology company’s stock after acquiring an additional 603 shares during the period. Palo Alto Networks accounts for 0.6% of Linden Thomas Advisory Services LLC’s holdings, making the stock its 16th largest position. Linden Thomas Advisory Services LLC’s holdings in Palo Alto Networks were worth $3,130,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of PANW. First Pacific Financial lifted its position in Palo Alto Networks by 421.7% during the third quarter. First Pacific Financial now owns 120 shares of the network technology company’s stock worth $28,000 after acquiring an additional 97 shares during the last quarter. Webster Bank N. A. increased its holdings in shares of Palo Alto Networks by 607.1% during the fourth quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock worth $29,000 after purchasing an additional 85 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Palo Alto Networks by 87.0% during the fourth quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company’s stock worth $30,000 after purchasing an additional 47 shares during the period. Byrne Asset Management LLC increased its holdings in shares of Palo Alto Networks by 277.8% during the third quarter. Byrne Asset Management LLC now owns 136 shares of the network technology company’s stock worth $32,000 after purchasing an additional 100 shares during the period. Finally, MV Capital Management Inc. increased its holdings in shares of Palo Alto Networks by 37.2% during the fourth quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock worth $32,000 after purchasing an additional 29 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PANW has been the topic of a number of recent analyst reports. Rosenblatt Securities cut shares of Palo Alto Networks from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $290.00 to $265.00 in a research note on Wednesday, February 21st. Piper Sandler lowered shares of Palo Alto Networks from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $350.00 to $300.00 in a report on Wednesday, February 21st. Barclays cut their price target on shares of Palo Alto Networks from $400.00 to $345.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Mizuho cut their price target on shares of Palo Alto Networks from $405.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Finally, Loop Capital lowered shares of Palo Alto Networks from a “buy” rating to a “hold” rating and set a $300.00 price target on the stock. in a report on Wednesday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $314.82.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,050 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $280.00, for a total value of $294,000.00. Following the sale, the chief accounting officer now directly owns 27,247 shares in the company, valued at approximately $7,629,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $268.04, for a total value of $16,082,400.00. Following the sale, the executive vice president now directly owns 174,075 shares in the company, valued at approximately $46,659,063. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 1,050 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $280.00, for a total transaction of $294,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 27,247 shares in the company, valued at approximately $7,629,160. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,917 shares of company stock worth $49,395,553. 3.30% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Up 4.2 %

Shares of PANW stock traded up $11.87 during trading on Tuesday, reaching $293.55. 2,962,288 shares of the company’s stock traded hands, compared to its average volume of 5,516,522. The company has a market capitalization of $94.85 billion, a P/E ratio of 45.47, a PEG ratio of 3.79 and a beta of 1.19. The firm’s 50-day moving average is $293.65 and its 200 day moving average is $291.51. Palo Alto Networks, Inc. has a 1 year low of $176.30 and a 1 year high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.22. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.76 earnings per share for the current fiscal year.

About Palo Alto Networks

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.