6,356 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Acquired by JFG Wealth Management LLC

JFG Wealth Management LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,356 shares of the network technology company’s stock, valued at approximately $1,157,000.

Several other large investors also recently added to or reduced their stakes in PANW. SJS Investment Consulting Inc. boosted its holdings in Palo Alto Networks by 97.2% in the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after purchasing an additional 69 shares in the last quarter. Valued Wealth Advisors LLC lifted its position in shares of 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 worth $26,000 after buying an additional 101 shares during the last quarter. Abound Wealth Management lifted its position 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 worth $27,000 after buying an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Palo Alto Networks by 265.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 79 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on PANW shares. Bank of America upped their target price on Palo Alto Networks from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $190.00 target price (down from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Morgan Stanley boosted their target price on shares of Palo Alto Networks from $223.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. OTR Global reaffirmed a “negative” rating on shares of Palo Alto Networks in a research report on Thursday, November 7th. Finally, Stifel Nicolaus boosted their price objective on Palo Alto Networks from $192.50 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $205.06.

Palo Alto Networks Price Performance

PANW opened at $188.01 on Wednesday. The stock has a market capitalization of $124.48 billion, a P/E ratio of 105.92, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. The company’s 50 day simple moving average is $186.59 and its 200-day simple moving average is $184.08. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The company 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 21.93% and a net margin of 14.64%. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 99,707 shares of the company’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the completion of the sale, the executive vice president now owns 358,197 shares in the company, valued at approximately $65,353,042.65. The trade was a 21.77 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Nikesh Arora sold 235,492 shares of the company’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $183.32, for a total value of $43,170,393.44. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at $199,159,581.28. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,122,864 shares of company stock worth $204,315,811. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks 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.