Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.4% in the 4th quarter, Holdings Channel reports. The firm owned 15,721 shares of the network technology company’s stock after acquiring an additional 658 shares during the quarter. Weatherly Asset Management L. P.’s holdings in Palo Alto Networks were worth $4,636,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Palo Alto Networks in the 4th quarter worth $730,000. Harbor Advisors LLC increased its stake in shares of Palo Alto Networks by 25.0% in the 4th quarter. Harbor Advisors LLC now owns 5,000 shares of the network technology company’s stock worth $1,474,000 after acquiring an additional 1,000 shares during the last quarter. Linden Thomas Advisory Services LLC increased its stake in shares of Palo Alto Networks by 6.0% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,615 shares of the network technology company’s stock worth $3,130,000 after acquiring an additional 603 shares during the last quarter. Parkside Financial Bank & Trust increased its stake in shares of Palo Alto Networks by 70.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 884 shares of the network technology company’s stock worth $261,000 after acquiring an additional 365 shares during the last quarter. Finally, SlateStone Wealth LLC grew its holdings in shares of Palo Alto Networks by 3.2% during the 4th quarter. SlateStone Wealth LLC now owns 1,750 shares of the network technology company’s stock worth $516,000 after purchasing an additional 55 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $268.04, for a total value of $16,082,400.00. Following the transaction, the executive vice president now directly owns 174,075 shares in the company, valued at approximately $46,659,063. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Josh D. Paul sold 1,050 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, March 7th. The stock was 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 $7,629,160. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Lee Klarich sold 60,000 shares of the business’s stock in a transaction on Friday, April 5th. The stock was 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 owns 174,075 shares in the company, valued at $46,659,063. 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 currently owned by insiders.

Analyst Ratings Changes

PANW has been the subject of a number of research analyst reports. Sanford C. Bernstein initiated coverage on Palo Alto Networks in a report on Thursday, January 18th. They set an “outperform” rating for the company. Royal Bank of Canada increased their price target on Palo Alto Networks to $420.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Evercore ISI increased their price target on Palo Alto Networks from $315.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Susquehanna lowered their price target on Palo Alto Networks from $400.00 to $325.00 and set a “positive” rating for the company in a report on Monday, February 26th. Finally, Mizuho lowered their price target on Palo Alto Networks from $405.00 to $350.00 and set a “buy” rating for the company in a report on Wednesday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $314.82.

Palo Alto Networks Stock Up 4.2 %

PANW traded up $11.81 during trading on Tuesday, hitting $293.49. 4,060,803 shares of the stock were exchanged, compared to its average volume of 5,531,698. The firm has a market capitalization of $94.83 billion, a P/E ratio of 45.47, a PEG ratio of 3.79 and a beta of 1.19. Palo Alto Networks, Inc. has a 1-year low of $176.30 and a 1-year high of $380.84. The stock has a fifty day moving average price of $293.65 and a two-hundred day moving average price of $291.51.

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