Palo Alto Networks, Inc. $PANW Shares Acquired by Phoenix Financial Ltd.

Phoenix Financial Ltd. increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 746.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 461,097 shares of the network technology company’s stock after buying an additional 406,632 shares during the quarter. Palo Alto Networks comprises about 1.2% of Phoenix Financial Ltd.’s investment portfolio, making the stock its 23rd biggest position. Phoenix Financial Ltd. owned 0.07% of Palo Alto Networks worth $93,892,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Stonegate Investment Group LLC lifted its stake in shares of Palo Alto Networks by 2.4% in the 3rd quarter. Stonegate Investment Group LLC now owns 419,572 shares of the network technology company’s stock valued at $85,433,000 after purchasing an additional 9,962 shares in the last quarter. CFM Wealth Partners LLC raised its holdings in Palo Alto Networks by 11.0% in the third quarter. CFM Wealth Partners LLC now owns 77,045 shares of the network technology company’s stock valued at $15,688,000 after buying an additional 7,631 shares during the period. Paragon Private Wealth Management LLC lifted its position in Palo Alto Networks by 36.0% during the third quarter. Paragon Private Wealth Management LLC now owns 6,669 shares of the network technology company’s stock valued at $1,358,000 after buying an additional 1,764 shares in the last quarter. Bensler LLC grew its stake in Palo Alto Networks by 4.6% during the third quarter. Bensler LLC now owns 66,436 shares of the network technology company’s stock worth $13,528,000 after buying an additional 2,910 shares during the period. Finally, KPP Advisory Services LLC increased its position in shares of Palo Alto Networks by 17.0% in the third quarter. KPP Advisory Services LLC now owns 9,129 shares of the network technology company’s stock worth $1,859,000 after acquiring an additional 1,328 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $184.22 on Tuesday. The company has a market capitalization of $128.40 billion, a price-to-earnings ratio of 116.59, a price-to-earnings-growth ratio of 4.29 and a beta of 0.76. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $223.61. The company’s fifty day moving average price is $188.19 and its two-hundred day moving average price is $194.91.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Thursday, November 20th. The network technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same quarter last year, the company posted $1.56 earnings per share. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

PANW has been the subject of a number of research reports. TD Cowen upped their price target on shares of Palo Alto Networks from $230.00 to $255.00 and gave the stock a “buy” rating in a research report on Thursday, November 13th. Sanford C. Bernstein increased their target price on Palo Alto Networks from $207.00 to $210.00 and gave the company an “outperform” rating in a research note on Thursday, November 20th. Citigroup reissued a “buy” rating on shares of Palo Alto Networks in a research report on Monday, January 12th. Hsbc Global Res downgraded shares of Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a research report on Thursday, November 20th. Finally, Needham & Company LLC reissued a “buy” rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Thursday, November 20th. Thirty-one investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.09.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,768 shares of the company’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $191.03, for a total transaction of $23,070,311.04. Following the completion of the transaction, the executive vice president directly owned 298,887 shares of the company’s stock, valued at approximately $57,096,383.61. This represents a 28.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total value of $940,900.00. Following the transaction, the executive vice president owned 155,119 shares of the company’s stock, valued at approximately $29,190,293.42. The trade was a 3.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 382,016 shares of company stock worth $76,386,460 in the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.