WP Advisors LLC Acquires Shares of 697 Palo Alto Networks, Inc. (NASDAQ:PANW)

WP Advisors LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 697 shares of the network technology company’s stock, valued at approximately $206,000.

Other large investors have also bought and sold shares of the company. GSG Advisors LLC boosted its position in Palo Alto Networks by 1.0% during the 4th quarter. GSG Advisors LLC now owns 5,160 shares of the network technology company’s stock valued at $1,478,000 after acquiring an additional 51 shares in the last quarter. Spirit of America Management Corp NY boosted its position in Palo Alto Networks by 50.0% during the 4th quarter. Spirit of America Management Corp NY now owns 300 shares of the network technology company’s stock valued at $88,000 after acquiring an additional 100 shares in the last quarter. Truist Financial Corp boosted its position in shares of Palo Alto Networks by 148.9% in the 3rd quarter. Truist Financial Corp now owns 189,801 shares of the network technology company’s stock worth $44,497,000 after purchasing an additional 113,534 shares in the last quarter. Oliver Lagore Vanvalin Investment Group boosted its position in shares of Palo Alto Networks by 46.4% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 4,178 shares of the network technology company’s stock worth $1,232,000 after purchasing an additional 1,325 shares in the last quarter. Finally, Treasurer of the State of North Carolina boosted its position in shares of Palo Alto Networks by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 137,104 shares of the network technology company’s stock worth $32,143,000 after purchasing an additional 735 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

PANW has been the topic of a number of analyst reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price target on shares of Palo Alto Networks in a research report on Wednesday. Citigroup boosted their price target on Palo Alto Networks from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Scotiabank dropped their price target on Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating on the stock in a research report on Wednesday, February 21st. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a research report on Monday, January 29th. Finally, The Goldman Sachs Group boosted their price target on Palo Alto Networks from $274.00 to $310.00 and gave the stock a “buy” rating in a research report on Wednesday, February 21st. Eleven research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $314.82.

Palo Alto Networks Trading Down 1.2 %

Palo Alto Networks stock traded down $3.43 during trading on Friday, reaching $277.71. The company had a trading volume of 4,751,615 shares, compared to its average volume of 3,424,591. Palo Alto Networks, Inc. has a 52 week low of $176.30 and a 52 week high of $380.84. The firm’s 50-day simple moving average is $295.46 and its 200 day simple moving average is $290.40. The firm has a market capitalization of $89.73 billion, a price-to-earnings ratio of 43.39, a price-to-earnings-growth ratio of 3.83 and a beta of 1.19.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.22. The company had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. On average, analysts predict that Palo Alto Networks, Inc. will post 2.76 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, President William D. Jenkins, Jr. sold 1,867 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $280.13, for a total transaction of $523,002.71. Following the sale, the president now directly owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Palo Alto Networks news, President William D. Jenkins, Jr. sold 1,867 shares of the firm’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $280.13, for a total transaction of $523,002.71. Following the sale, the president now directly owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 45,000 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $343.03, for a total value of $15,436,350.00. Following the sale, the executive vice president now directly owns 198,105 shares in the company, valued at $67,955,958.15. The disclosure for this sale can be found here. Insiders have sold a total of 167,917 shares of company stock valued at $49,395,553 over the last ninety days. 3.30% of the stock is currently owned by company insiders.

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.