Schoolcraft Capital LLC Buys 690 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Schoolcraft Capital LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,380 shares of the network technology company’s stock after acquiring an additional 690 shares during the quarter. Schoolcraft Capital LLC’s holdings in Palo Alto Networks were worth $251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PANW. SJS Investment Consulting Inc. raised its holdings in shares of Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after buying an additional 69 shares in the last quarter. Capital Advisors Ltd. LLC grew its stake in Palo Alto Networks by 113.9% in the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 41 shares during the period. Valued Wealth Advisors LLC grew its stake in Palo Alto Networks by 246.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Abound Wealth Management lifted its holdings in shares of Palo Alto Networks by 97.3% in the fourth 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 in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 106 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Northland Securities reiterated a “market perform” rating and set a $185.00 price target (up from $175.00) on shares of Palo Alto Networks in a report on Thursday, November 21st. BTIG Research lowered Palo Alto Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. StockNews.com lowered Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $190.00 price target (down previously from $207.00) on shares of Palo Alto Networks in a research report on Wednesday, January 8th. Finally, Needham & Company LLC upped their target price on Palo Alto Networks from $192.50 to $225.00 and gave the stock a “buy” rating in a report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average price target of $204.69.

Insider Activity

In related news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The stock was 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 in the company, valued at approximately $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 490,723 shares of Palo Alto Networks 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 completion of the transaction, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $198,214,409.80. This represents a 31.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,122,864 shares of company stock worth $204,315,811 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $190.39 on Tuesday. Palo Alto Networks, Inc. has a 52-week low of $132.50 and a 52-week high of $208.39. The firm has a market capitalization of $126.06 billion, a PE ratio of 107.26, a PEG ratio of 5.64 and a beta of 1.14. The stock has a fifty day simple moving average of $186.85 and a two-hundred day simple moving average of $183.92.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. The firm had revenue of $2.26 billion during 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%. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.