Palo Alto Networks, Inc. (NASDAQ:PANW) is Lyell Wealth Management LP’s 6th Largest Position

Lyell Wealth Management LP lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.5% in the fourth quarter, HoldingsChannel reports. The firm owned 158,186 shares of the network technology company’s stock after acquiring an additional 79,305 shares during the period. Palo Alto Networks makes up about 2.6% of Lyell Wealth Management LP’s portfolio, making the stock its 6th biggest holding. Lyell Wealth Management LP’s holdings in Palo Alto Networks were worth $28,784,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Financial Management Network Inc. grew its stake in Palo Alto Networks by 92.0% in the 4th quarter. Financial Management Network Inc. now owns 5,004 shares of the network technology company’s stock worth $917,000 after acquiring an additional 2,398 shares during the period. Global Retirement Partners LLC grew its stake in Palo Alto Networks by 95.2% in the 4th quarter. Global Retirement Partners LLC now owns 7,340 shares of the network technology company’s stock worth $1,336,000 after acquiring an additional 3,579 shares during the period. Semus Wealth Partners LLC grew its stake in Palo Alto Networks by 94.1% in the 4th quarter. Semus Wealth Partners LLC now owns 3,882 shares of the network technology company’s stock worth $706,000 after acquiring an additional 1,882 shares during the period. Wilkinson Global Asset Management LLC purchased a new stake in Palo Alto Networks in the 4th quarter worth approximately $204,000. Finally, Bigelow Investment Advisors LLC grew its stake in Palo Alto Networks by 106.5% in the 4th quarter. Bigelow Investment Advisors LLC now owns 1,658 shares of the network technology company’s stock worth $302,000 after acquiring an additional 855 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the completion of the sale, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at $8,694,210.72. This represents a 1.44 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 490,723 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction 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 trade represents a 31.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,458,864 shares of company stock valued at $269,397,331 in the last quarter. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

PANW opened at $208.28 on Wednesday. Palo Alto Networks, Inc. has a 1-year low of $130.04 and a 1-year high of $208.35. The company has a 50-day moving average of $186.84 and a 200-day moving average of $182.29. The company has a market capitalization of $136.67 billion, a P/E ratio of 117.34, a PEG ratio of 5.70 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last announced 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. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on the stock. Westpark Capital reaffirmed a “hold” rating and issued a $196.40 target price on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Monday, February 10th. TD Cowen lifted their target price on shares of Palo Alto Networks from $200.00 to $210.00 and gave the company a “buy” rating in a report on Thursday, November 21st. Guggenheim lowered shares of Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Monday, January 6th. Finally, UBS Group lifted their target price on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company 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.