Investment House LLC Has $682,000 Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Investment House LLC raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 119.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,750 shares of the network technology company’s stock after buying an additional 2,045 shares during the period. Investment House LLC’s holdings in Palo Alto Networks were worth $682,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in PANW. Tradewinds LLC. increased its stake in shares of Palo Alto Networks by 1.2% in the third quarter. Tradewinds LLC. now owns 2,315 shares of the network technology company’s stock valued at $791,000 after buying an additional 28 shares during the period. First Dallas Securities Inc. increased its position in Palo Alto Networks by 1.4% during the 3rd quarter. First Dallas Securities Inc. now owns 2,130 shares of the network technology company’s stock valued at $728,000 after purchasing an additional 30 shares during the period. AMG National Trust Bank increased its position in Palo Alto Networks by 2.9% during the 3rd quarter. AMG National Trust Bank now owns 1,220 shares of the network technology company’s stock valued at $417,000 after purchasing an additional 34 shares during the period. RB Capital Management LLC lifted its position in shares of Palo Alto Networks by 1.5% in the 3rd quarter. RB Capital Management LLC now owns 2,492 shares of the network technology company’s stock worth $852,000 after purchasing an additional 36 shares during the period. Finally, Principal Street Partners LLC boosted its stake in shares of Palo Alto Networks by 1.7% in the 3rd quarter. Principal Street Partners LLC now owns 2,321 shares of the network technology company’s stock valued at $792,000 after purchasing an additional 38 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $187.54 on Thursday. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39. The firm’s 50-day simple moving average is $186.18 and its two-hundred day simple moving average is $185.00. The firm has a market cap of $124.17 billion, a price-to-earnings ratio of 105.66, a P/E/G ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on PANW shares. Scotiabank boosted their target price on shares of Palo Alto Networks from $200.00 to $225.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Westpark Capital restated a “hold” rating and set a $196.40 target price on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Bank of America lifted their target price on Palo Alto Networks from $200.00 to $215.00 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Barclays reduced their price objective on shares of Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating for the company in a research report on Tuesday, December 17th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $190.00 target price (down previously from $207.00) on shares of Palo Alto Networks in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $205.06.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 176,242 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at $195,596,176.16. The trade was a 13.96 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is owned by insiders.

Palo Alto Networks Profile

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.