Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 37,799 shares of the network technology company’s stock after acquiring an additional 1,270 shares during the quarter. Palo Alto Networks comprises about 2.2% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 9th biggest holding. EagleClaw Capital Managment LLC’s holdings in Palo Alto Networks were worth $12,920,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of PANW. Capital Advisors Ltd. LLC boosted its stake in shares of Palo Alto Networks by 113.9% during the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 41 shares during the last quarter. Sound Income Strategies LLC boosted its stake in shares of Palo Alto Networks by 352.6% during the third quarter. Sound Income Strategies LLC now owns 86 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 67 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in shares of Palo Alto Networks by 177.4% during the third quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 55 shares during the last quarter. Pathway Financial Advisers LLC acquired a new stake in shares of Palo Alto Networks during the first quarter valued at $25,000. Finally, MidAtlantic Capital Management Inc. acquired a new stake in shares of Palo Alto Networks during the third quarter valued at $32,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the topic of a number of analyst reports. Wedbush reaffirmed an “outperform” rating and set a $375.00 price objective on shares of Palo Alto Networks in a research note on Friday, August 16th. Piper Sandler raised their price target on Palo Alto Networks from $300.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. DA Davidson raised their price target on Palo Alto Networks from $380.00 to $415.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Stifel Nicolaus raised their price target on Palo Alto Networks from $385.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, BNP Paribas initiated coverage on Palo Alto Networks in a research note on Tuesday, October 8th. They issued an “outperform” rating and a $410.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $391.92.

Insider Activity at Palo Alto Networks

In other news, Director Mary Pat Mccarthy sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $348.49, for a total value of $3,484,900.00. Following the completion of the transaction, the director now directly owns 31,517 shares of the company’s stock, valued at approximately $10,983,359.33. This represents a 24.09 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Nikesh Arora sold 66,666 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $342.98, for a total value of $22,865,104.68. Following the sale, the chief executive officer now owns 639,994 shares in the company, valued at approximately $219,505,142.12. This trade represents a 9.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 254,252 shares of company stock worth $89,041,637 in the last 90 days. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Stock Performance

NASDAQ:PANW traded down $1.25 during trading hours on Wednesday, hitting $386.81. 142,546 shares of the company’s stock traded hands, compared to its average volume of 3,819,786. The stock’s fifty day moving average price is $361.53 and its two-hundred day moving average price is $338.02. Palo Alto Networks, Inc. has a twelve month low of $258.17 and a twelve month high of $408.53. The firm has a market cap of $125.95 billion, a P/E ratio of 53.53, a P/E/G ratio of 5.61 and a beta of 1.12.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The company had revenue of $2.19 billion during the quarter, compared to the consensus estimate of $2.16 billion. During the same quarter in the prior year, the company posted $0.80 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 3.56 earnings per share for the current year.

About Palo Alto Networks

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.