Maxi Investments CY Ltd Has $1.61 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

Maxi Investments CY Ltd grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 216.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,900 shares of the network technology company’s stock after purchasing an additional 5,400 shares during the quarter. Maxi Investments CY Ltd’s holdings in Palo Alto Networks were worth $1,609,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. Darwin Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the second quarter valued at about $25,000. Howard Hughes Medical Institute acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth about $29,000. Winch Advisory Services LLC lifted its position in shares of Palo Alto Networks by 96.1% during the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock worth $30,000 after purchasing an additional 73 shares during the last quarter. MTM Investment Management LLC bought a new stake in Palo Alto Networks during the 2nd quarter valued at approximately $31,000. Finally, Caitlin John LLC bought a new stake in Palo Alto Networks during the 3rd quarter valued at approximately $31,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 0.3%

PANW stock opened at $167.45 on Tuesday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $223.61. The business’s 50 day moving average is $169.55 and its 200-day moving average is $189.35. The firm has a market cap of $136.64 billion, a P/E ratio of 92.51, a P/E/G ratio of 6.03 and a beta of 0.78.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the company earned $0.81 EPS. Palo Alto Networks’s revenue was up 14.9% on a year-over-year basis. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have commented on PANW. New Street Research dropped their price target on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Sanford C. Bernstein set a $209.00 price objective on Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Oppenheimer restated an “outperform” rating and issued a $245.00 price objective on shares of Palo Alto Networks in a research note on Thursday, November 20th. Daiwa Securities Group dropped their target price on shares of Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $250.00 target price on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $210.19.

Insider Buying and Selling

In other news, EVP Lee Klarich sold 120,768 shares of the company’s stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $191.03, for a total value of $23,070,311.04. Following the sale, the executive vice president owned 298,887 shares of the company’s stock, valued at approximately $57,096,383.61. This represents a 28.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total transaction of $940,900.00. Following the sale, the executive vice president owned 155,119 shares of the company’s stock, valued at $29,190,293.42. This trade represents a 3.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 149,252 shares of company stock valued at $27,888,535 in the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Company 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.