Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by IPG Investment Advisors LLC

IPG Investment Advisors LLC increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,708 shares of the network technology company’s stock after buying an additional 4,452 shares during the quarter. Palo Alto Networks comprises approximately 1.0% of IPG Investment Advisors LLC’s holdings, making the stock its 27th largest position. IPG Investment Advisors LLC’s holdings in Palo Alto Networks were worth $4,314,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. SJS Investment Consulting Inc. lifted its stake in Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after purchasing an additional 69 shares during the last quarter. Valued Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after acquiring an additional 101 shares in the last quarter. Abound Wealth Management grew its holdings in shares of Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of Palo Alto Networks by 265.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC lifted its holdings in shares of Palo Alto Networks by 102.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Susquehanna lifted their price target on Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $190.00 price objective (down from $207.00) on shares of Palo Alto Networks in a research report on Wednesday, January 8th. Guggenheim lowered Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Monday, January 6th. Westpark Capital reissued a “hold” rating and set a $196.40 target price on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Finally, UBS Group lifted their target price on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a “neutral” rating in a report on Friday, February 14th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.06.

Insider Transactions at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the transaction, the executive vice president now owns 365,856 shares in the company, valued at $65,744,323.20. The trade was a 24.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Nikesh Arora sold 235,492 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total value of $43,170,393.44. Following the sale, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at approximately $199,159,581.28. The trade was a 17.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock valued at $204,315,811 over the last three months. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Down 1.0 %

Shares of Palo Alto Networks stock opened at $172.76 on Friday. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The business has a fifty day simple moving average of $187.39 and a 200 day simple moving average of $185.39. The stock has a market cap of $114.38 billion, a PE ratio of 97.33, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results 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. The business had revenue of $2.26 billion for the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. Analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.