Human Investing LLC Acquires New Shares in Palo Alto Networks, Inc. (NASDAQ:PANW)

Human Investing LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 340 shares of the network technology company’s stock, valued at approximately $62,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Inspire Investing LLC increased its holdings in shares of Palo Alto Networks by 7.6% in the third quarter. Inspire Investing LLC now owns 834 shares of the network technology company’s stock worth $285,000 after acquiring an additional 59 shares in the last quarter. Swedbank AB increased its holdings in shares of Palo Alto Networks by 19.7% in the third quarter. Swedbank AB now owns 786,574 shares of the network technology company’s stock worth $268,851,000 after acquiring an additional 129,371 shares in the last quarter. Good Life Advisors LLC bought a new stake in shares of Palo Alto Networks in the third quarter worth about $253,000. Bleakley Financial Group LLC increased its holdings in shares of Palo Alto Networks by 4.3% in the third quarter. Bleakley Financial Group LLC now owns 6,398 shares of the network technology company’s stock worth $2,187,000 after acquiring an additional 265 shares in the last quarter. Finally, Howard Capital Management Group LLC increased its holdings in shares of Palo Alto Networks by 1.5% in the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock worth $36,316,000 after acquiring an additional 1,619 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Nir Zuk sold 336,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $193.70, for a total value of $65,081,520.00. Following the transaction, the executive vice president now owns 3,643,516 shares in the company, valued at approximately $705,730,831.62. This trade represents a 8.44 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,458,864 shares of company stock valued at $269,397,331. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Up 4.1 %

NASDAQ:PANW opened at $208.28 on Wednesday. The stock has a market cap of $136.67 billion, a P/E ratio of 54.24, a PEG ratio of 5.36 and a beta of 1.14. The stock has a 50 day simple moving average of $186.84 and a 200 day simple moving average of $182.29. Palo Alto Networks, Inc. has a 1-year low of $130.04 and a 1-year high of $208.35.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a return on equity of 23.36% and a net margin of 32.99%. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.74 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Monday, January 6th. Morgan Stanley increased their price target on Palo Alto Networks from $223.00 to $230.00 and gave the stock an “overweight” rating in a report on Tuesday, January 21st. Susquehanna increased their price objective on Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a report on Tuesday. Westpark Capital reiterated a “hold” rating and set a $196.40 price objective on shares of Palo Alto Networks in a report on Wednesday, February 12th. Finally, Barclays decreased their price objective on Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $202.70.

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.