Carroll Investors Inc Increases Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Carroll Investors Inc increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.2% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 56,674 shares of the network technology company’s stock after buying an additional 28,364 shares during the quarter. Palo Alto Networks comprises approximately 5.8% of Carroll Investors Inc’s portfolio, making the stock its 7th biggest position. Carroll Investors Inc’s holdings in Palo Alto Networks were worth $10,320,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of PANW. SJS Investment Consulting Inc. lifted 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 valued at $25,000 after acquiring an additional 69 shares during the period. Valued Wealth Advisors LLC lifted its stake in shares of 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. Abound Wealth Management boosted its holdings 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 grew its position in 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 valued at $27,000 after buying an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC increased its holdings in 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 buying an additional 79 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other news, EVP Nir Zuk sold 100,000 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the sale, the executive vice president now owns 3,543,516 shares in the company, valued at approximately $586,132,981.56. The trade was a 2.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 99,707 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 358,197 shares in the company, valued at $65,353,042.65. The trade was a 21.77 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,039,318 shares of company stock valued at $181,925,602 over the last 90 days. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the subject of a number of recent research reports. Evercore ISI cut their price objective on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a research report on Tuesday, December 31st. Citigroup boosted their price objective on Palo Alto Networks from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Stephens began coverage on shares of Palo Alto Networks in a research report on Tuesday, April 1st. They set an “equal weight” rating and a $205.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $223.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Finally, 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 report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $204.52.

Palo Alto Networks Trading Up 1.0 %

Shares of NASDAQ:PANW opened at $169.98 on Tuesday. The company has a market capitalization of $112.54 billion, a PE ratio of 95.76, a P/E/G ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 12-month low of $135.18 and a 12-month high of $208.39. The business’s fifty day simple moving average is $181.95 and its 200-day simple moving average is $184.92.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

About Palo Alto Networks

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.