Wayfinding Financial LLC Takes Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Wayfinding Financial LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,330 shares of the network technology company’s stock, valued at approximately $242,000.

Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. purchased a new stake in Palo Alto Networks during the 3rd quarter valued at approximately $29,000. True Wealth Design LLC lifted its position in Palo Alto Networks by 2,933.3% in the third quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock worth $31,000 after buying an additional 88 shares during the last quarter. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the third quarter valued at $39,000. SJS Investment Consulting Inc. boosted its stake 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 purchasing an additional 69 shares during the period. Finally, Valued Wealth Advisors LLC raised its position in Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after purchasing an additional 101 shares during the period. 79.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PANW has been the subject of several recent research reports. Jefferies Financial Group lifted their price objective on Palo Alto Networks from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Piper Sandler lifted their price target on Palo Alto Networks from $165.00 to $192.50 and gave the company a “neutral” rating in a report on Thursday, November 21st. StockNews.com cut Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Northland Securities reiterated a “market perform” rating and issued a $185.00 target price (up previously from $175.00) on shares of Palo Alto Networks in a research note on Thursday, November 21st. Finally, Susquehanna increased their price objective on Palo Alto Networks from $217.50 to $230.00 and gave the company a “positive” rating in a report on Tuesday, February 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $205.06.

Palo Alto Networks Trading Down 1.9 %

PANW stock opened at $184.01 on Friday. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39. The company has a market cap of $121.83 billion, a P/E ratio of 103.67, a P/E/G ratio of 5.64 and a beta of 1.04. The company’s 50-day moving average price is $186.41 and its 200 day moving average price is $185.00.

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 (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity

In related news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee Klarich sold 120,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $179.70, for a total value of $21,564,000.00. Following the transaction, the executive vice president now directly owns 365,856 shares of the company’s stock, valued at $65,744,323.20. This represents a 24.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock valued at $204,315,811 in the last three months. Corporate insiders own 2.50% of the company’s stock.

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.