Holistic Financial Partners Takes $246,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Holistic Financial Partners acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 833 shares of the network technology company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in Palo Alto Networks by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 26,511,732 shares of the network technology company’s stock worth $6,215,410,000 after buying an additional 304,272 shares in the last quarter. Norges Bank bought a new position in shares of Palo Alto Networks during the 4th quarter valued at $1,563,020,000. Northern Trust Corp raised its holdings in shares of Palo Alto Networks by 2.6% during the 3rd quarter. Northern Trust Corp now owns 3,430,299 shares of the network technology company’s stock valued at $804,199,000 after purchasing an additional 86,995 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Palo Alto Networks by 1.0% during the 4th quarter. Clearbridge Investments LLC now owns 3,136,547 shares of the network technology company’s stock valued at $924,905,000 after purchasing an additional 30,013 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in Palo Alto Networks by 83.1% in the 4th quarter. Jennison Associates LLC now owns 2,616,803 shares of the network technology company’s stock valued at $771,643,000 after buying an additional 1,187,915 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO Josh D. Paul sold 1,050 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $280.00, for a total transaction 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 sale was disclosed in a document filed with the SEC, which is available at this link. In related news, President William D. Jenkins, Jr. sold 1,621 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total value of $497,517.32. Following the transaction, the president now directly owns 20,501 shares in the company, valued at $6,292,166.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $294,000.00. Following the transaction, the chief accounting officer now owns 27,247 shares in the company, valued at $7,629,160. The disclosure for this sale can be found here. Insiders have sold a total of 279,947 shares of company stock worth $80,644,647 over the last ninety days. Company insiders own 3.30% of the company’s stock.

Palo Alto Networks Trading Down 3.1 %

Shares of NASDAQ:PANW traded down $9.66 during midday trading on Thursday, reaching $297.24. The company had a trading volume of 1,737,143 shares, compared to its average volume of 5,099,360. The stock has a market cap of $96.25 billion, a P/E ratio of 43.19, a P/E/G ratio of 4.98 and a beta of 1.18. Palo Alto Networks, Inc. has a 52-week low of $201.17 and a 52-week high of $380.84. The company’s 50 day moving average price is $292.14 and its 200 day moving average price is $301.54.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last released its quarterly earnings data on Monday, May 20th. The network technology company reported $1.32 EPS for the quarter, beating the consensus estimate of $1.25 by $0.07. Palo Alto Networks had a net margin of 31.42% and a return on equity of 32.74%. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the firm earned $0.38 earnings per share. The company’s revenue was up 15.3% compared to the same quarter last year. Research analysts forecast that Palo Alto Networks, Inc. will post 2.79 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PANW. Morgan Stanley restated an “overweight” rating and issued a $360.00 price target on shares of Palo Alto Networks in a research report on Tuesday, May 21st. Northland Securities downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and set a $275.00 price objective for the company. in a report on Wednesday, February 21st. BMO Capital Markets raised their price objective on shares of Palo Alto Networks from $327.00 to $334.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Macquarie raised their price objective on shares of Palo Alto Networks from $270.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Finally, Redburn Atlantic lifted their price target on shares of Palo Alto Networks from $275.00 to $350.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Twelve 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $322.78.

Check Out Our Latest Research Report on PANW

Palo Alto Networks Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palo Alto Networks (NASDAQ:PANW)

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