Hara Capital LLC Purchases 315 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Hara Capital LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 630 shares of the network technology company’s stock after buying an additional 315 shares during the period. Hara Capital LLC’s holdings in Palo Alto Networks were worth $115,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew 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 during the period. Jennison Associates LLC grew its holdings in Palo Alto Networks by 83.0% in the fourth quarter. Jennison Associates LLC now owns 5,759,689 shares of the network technology company’s stock worth $1,048,033,000 after purchasing an additional 2,612,474 shares during the period. International Assets Investment Management LLC grew its holdings in Palo Alto Networks by 34,318.2% in 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 purchasing an additional 3,249,594 shares during the period. 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 grew its holdings 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 worth $333,925,000 after purchasing an additional 1,213,073 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 1.5 %

Shares of NASDAQ:PANW opened at $205.19 on Thursday. The company has a 50 day moving average of $187.11 and a 200 day moving average of $182.68. The stock has a market cap of $134.65 billion, a P/E ratio of 115.60, a P/E/G ratio of 5.70 and a beta of 1.14. Palo Alto Networks, Inc. has a 12 month low of $130.04 and a 12 month high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last issued 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. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 1.75 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the business’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 owns 47,976 shares of the company’s stock, valued at $8,694,210.72. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the completion of the transaction, the executive vice president now directly owns 365,856 shares of the company’s stock, valued at approximately $65,744,323.20. This represents a 24.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,458,864 shares of company stock valued at $269,397,331. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of a number of analyst reports. Susquehanna lifted their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a “positive” rating in a report on Tuesday. Needham & Company LLC lifted their price objective on shares of Palo Alto Networks from $192.50 to $225.00 and gave the company a “buy” rating in a report on Thursday, November 21st. StockNews.com cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. KeyCorp lifted their price objective on shares of Palo Alto Networks from $217.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Finally, Bank of America lifted their price objective on shares of Palo Alto Networks from $200.00 to $215.00 and gave the company a “neutral” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $202.70.

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.