Personal CFO Solutions LLC Purchases New Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Personal CFO Solutions LLC purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,168 shares of the network technology company’s stock, valued at approximately $213,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC lifted its holdings in Palo Alto Networks by 50.1% during the 3rd quarter. Jennison Associates LLC now owns 3,147,215 shares of the network technology company’s stock valued at $1,075,718,000 after purchasing an additional 1,050,173 shares during the last quarter. Swiss National Bank raised its stake in shares of Palo Alto Networks by 0.5% in the third quarter. Swiss National Bank now owns 961,000 shares of the network technology company’s stock worth $328,470,000 after acquiring an additional 4,400 shares during the last quarter. Chartwell Investment Partners LLC bought a new position in shares of Palo Alto Networks in the third quarter worth about $3,844,000. Dillon & Associates Inc. raised its stake in shares of Palo Alto Networks by 4.5% in the third quarter. Dillon & Associates Inc. now owns 50,650 shares of the network technology company’s stock worth $17,322,000 after acquiring an additional 2,167 shares during the last quarter. Finally, Proactive Wealth Strategies LLC bought a new position in shares of Palo Alto Networks in the third quarter worth about $3,571,000. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Up 2.9 %

Shares of PANW stock opened at $178.93 on Wednesday. The company’s fifty day simple moving average is $185.78 and its 200-day simple moving average is $184.83. The firm has a market cap of $118.47 billion, a PE ratio of 100.81, a P/E/G ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates 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 predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nikesh Arora sold 490,723 shares of the company’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at $198,214,409.80. This trade represents a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock valued at $204,315,811 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on PANW shares. JPMorgan Chase & Co. boosted their target price on shares of Palo Alto Networks from $193.50 to $224.50 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Wells Fargo & Company boosted their target price on shares of Palo Alto Networks from $208.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Needham & Company LLC boosted their target price on shares of Palo Alto Networks from $192.50 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Northland Securities reaffirmed a “market perform” rating and issued a $185.00 target price (up from $175.00) on shares of Palo Alto Networks in a research note on Thursday, November 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, February 10th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.06.

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.