EagleClaw Capital Managment LLC Has $15.57 Million Holdings in Palo Alto Networks, Inc. $PANW

EagleClaw Capital Managment LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.9% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 76,478 shares of the network technology company’s stock after buying an additional 4,925 shares during the period. Palo Alto Networks makes up 2.2% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 12th largest holding. EagleClaw Capital Managment LLC’s holdings in Palo Alto Networks were worth $15,572,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PANW. Norges Bank bought a new position in Palo Alto Networks during the second quarter worth $675,865,000. ABN AMRO Bank N.V. acquired a new stake in Palo Alto Networks in the second quarter worth $340,883,000. Victory Capital Management Inc. increased its stake in Palo Alto Networks by 108.3% in the third quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company’s stock valued at $502,263,000 after purchasing an additional 1,282,738 shares in the last quarter. Vanguard Group Inc. increased its stake in Palo Alto Networks by 2.0% in the third quarter. Vanguard Group Inc. now owns 65,269,963 shares of the network technology company’s stock valued at $13,290,270,000 after purchasing an additional 1,253,589 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of Palo Alto Networks by 97.9% during the second quarter. California Public Employees Retirement System now owns 2,104,939 shares of the network technology company’s stock valued at $430,755,000 after purchasing an additional 1,041,145 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

PANW stock opened at $167.01 on Friday. The company has a market capitalization of $136.28 billion, a P/E ratio of 92.27, a price-to-earnings-growth ratio of 6.03 and a beta of 0.78. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $223.61. The business has a 50-day simple moving average of $169.84 and a two-hundred day simple moving average of $189.50.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.81 EPS. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James J. Goetz sold 22,684 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $164.41, for a total value of $3,729,476.44. Following the completion of the sale, the director owned 52,500 shares in the company, valued at $8,631,525. This represents a 30.17% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 800 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $184.81, for a total transaction of $147,848.00. Following the completion of the sale, the chief accounting officer owned 46,005 shares of the company’s stock, valued at approximately $8,502,184.05. This represents a 1.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 149,252 shares of company stock worth $27,888,535. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PANW has been the topic of a number of research reports. Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. DA Davidson set a $190.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, February 18th. Cantor Fitzgerald restated an “overweight” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. Northland Securities upped their target price on Palo Alto Networks from $177.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 20th. Finally, Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a report on Thursday, November 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $210.19.

About Palo Alto Networks

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.