Moisand Fitzgerald Tamayo LLC Buys 648 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Moisand Fitzgerald Tamayo LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 97.6% during the fourth quarter, HoldingsChannel reports. The firm owned 1,312 shares of the network technology company’s stock after acquiring an additional 648 shares during the quarter. Moisand Fitzgerald Tamayo LLC’s holdings in Palo Alto Networks were worth $239,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in PANW. South Dakota Investment Council raised its stake in Palo Alto Networks by 100.0% in the 4th quarter. South Dakota Investment Council now owns 3,600 shares of the network technology company’s stock valued at $655,000 after acquiring an additional 1,800 shares during the period. World Equity Group Inc. raised its stake in Palo Alto Networks by 309.6% in the 4th quarter. World Equity Group Inc. now owns 5,030 shares of the network technology company’s stock valued at $915,000 after acquiring an additional 3,802 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Palo Alto Networks by 112.6% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 134,696 shares of the network technology company’s stock valued at $24,509,000 after acquiring an additional 71,348 shares during the period. Delta Financial Group Inc. bought a new stake in Palo Alto Networks in the 4th quarter valued at $842,000. Finally, Ascent Wealth Partners LLC raised its stake in Palo Alto Networks by 99.3% in the 4th quarter. Ascent Wealth Partners LLC now owns 51,980 shares of the network technology company’s stock valued at $9,458,000 after acquiring an additional 25,896 shares during the period. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $190.00 price target (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Loop Capital lowered their price objective on Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating on the stock in a research report on Tuesday, January 14th. Hsbc Global Res cut Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a research report on Friday, November 22nd. Truist Financial increased their price objective on Palo Alto Networks from $200.00 to $212.50 and gave the stock a “buy” rating in a research report on Monday, November 18th. Finally, JMP Securities increased their price objective on Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $204.69.

Palo Alto Networks Trading Down 3.9 %

Shares of PANW stock opened at $191.03 on Monday. The business’s 50-day moving average price is $187.09 and its 200-day moving average price is $183.70. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The firm has a market capitalization of $126.48 billion, a price-to-earnings ratio of 107.62, a PEG ratio of 5.64 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 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Josh D. Paul sold 700 shares of the firm’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. This trade represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nikesh Arora sold 490,723 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was 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 owns 1,086,404 shares of the company’s stock, 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. Over the last three months, insiders have sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is currently owned by corporate insiders.

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.