Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 102.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 440,422 shares of the network technology company’s stock after buying an additional 222,575 shares during the period. TD Waterhouse Canada Inc.’s holdings in Palo Alto Networks were worth $80,144,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. SJS Investment Consulting Inc. raised its holdings in Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after acquiring an additional 69 shares during the last quarter. Transce3nd LLC acquired a new position in Palo Alto Networks in the fourth quarter valued at $25,000. Valued Wealth Advisors LLC boosted its stake in Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after buying an additional 101 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its position in shares of Palo Alto Networks by 64.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company’s stock worth $26,000 after acquiring an additional 55 shares during the last quarter. Finally, Abound Wealth Management boosted its holdings in shares of Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 72 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 1.2 %

PANW opened at $167.69 on Monday. The business’s 50 day moving average is $180.06 and its 200-day moving average is $184.98. The stock has a market cap of $111.03 billion, a PE ratio of 94.47, a price-to-earnings-growth ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a twelve month low of $137.60 and a twelve month high of $208.39.

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

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the sale, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, CEO Nikesh Arora sold 490,723 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $89,532,411.35. Following the transaction, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at $198,214,409.80. This represents a 31.11 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,039,318 shares of company stock valued at $181,925,602. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on PANW. Westpark Capital restated a “hold” rating and issued a $196.40 price objective on shares of Palo Alto Networks in a report on Wednesday, February 12th. Scotiabank raised their price target 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. Loop Capital decreased their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $190.00 target price (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $223.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $203.06.

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.