Wilkinson Global Asset Management LLC Makes New $204,000 Investment in Palo Alto Networks, Inc. (NASDAQ:PANW)

Wilkinson Global Asset Management LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,120 shares of the network technology company’s stock, valued at approximately $204,000.

Several other large investors also recently modified their holdings of PANW. Geode Capital Management LLC increased its holdings in Palo Alto Networks by 3.0% in the third quarter. Geode Capital Management LLC now owns 7,656,968 shares of the network technology company’s stock worth $2,609,486,000 after purchasing an additional 220,900 shares in the last quarter. Jennison Associates LLC increased its stake in shares of Palo Alto Networks by 83.0% in the 4th quarter. Jennison Associates LLC now owns 5,759,689 shares of the network technology company’s stock valued at $1,048,033,000 after acquiring an additional 2,612,474 shares in the last quarter. International Assets Investment Management LLC boosted its stake in Palo Alto Networks by 34,318.2% during the third quarter. International Assets Investment Management LLC now owns 3,259,063 shares of the network technology company’s stock worth $1,113,948,000 after acquiring an additional 3,249,594 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Palo Alto Networks by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,005,161 shares of the network technology company’s stock worth $685,364,000 after purchasing an additional 31,595 shares during the period. Finally, Nordea Investment Management AB increased its stake in Palo Alto Networks by 199.1% in the fourth quarter. Nordea Investment Management AB now owns 1,822,336 shares of the network technology company’s stock valued at $333,925,000 after purchasing an additional 1,213,073 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 4.1 %

Palo Alto Networks stock opened at $208.28 on Wednesday. The firm has a 50 day simple moving average of $186.84 and a 200 day simple moving average of $182.29. Palo Alto Networks, Inc. has a 1-year low of $130.04 and a 1-year high of $208.35. The firm has a market capitalization of $136.67 billion, a price-to-earnings ratio of 117.34, a P/E/G ratio of 5.70 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share 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 company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.75 EPS for the current year.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nir Zuk sold 336,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $193.70, for a total value of $65,081,520.00. Following the completion of the sale, the executive vice president now directly owns 3,643,516 shares in the company, valued at approximately $705,730,831.62. The trade was a 8.44 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,458,864 shares of company stock valued at $269,397,331. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research analyst reports. TD Cowen increased their price objective on shares of Palo Alto Networks from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $223.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Royal Bank of Canada restated an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a report on Monday, February 10th. Truist Financial increased their target price on Palo Alto Networks from $200.00 to $212.50 and gave the stock a “buy” rating in a report on Monday, November 18th. Finally, UBS Group boosted their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average target price of $202.70.

Palo Alto Networks Company 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.