1,117 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Bought by Valmark Advisers Inc.

Valmark Advisers Inc. acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,117 shares of the network technology company’s stock, valued at approximately $203,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. L.M. Kohn & Company raised its holdings in shares of Palo Alto Networks by 110.8% during the fourth quarter. L.M. Kohn & Company now owns 3,776 shares of the network technology company’s stock worth $687,000 after acquiring an additional 1,985 shares during the period. Game Plan Financial Advisors LLC increased its stake in Palo Alto Networks by 94.8% in the 4th quarter. Game Plan Financial Advisors LLC now owns 9,826 shares of the network technology company’s stock valued at $1,788,000 after buying an additional 4,783 shares during the last quarter. WD Rutherford LLC increased its stake in Palo Alto Networks by 111.3% in the 4th quarter. WD Rutherford LLC now owns 23,915 shares of the network technology company’s stock valued at $4,352,000 after buying an additional 12,598 shares during the last quarter. VeraBank N.A. increased its stake in Palo Alto Networks by 100.9% in the 4th quarter. VeraBank N.A. now owns 4,092 shares of the network technology company’s stock valued at $745,000 after buying an additional 2,055 shares during the last quarter. Finally, Tcfg Wealth Management LLC increased its stake in Palo Alto Networks by 77.0% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,956 shares of the network technology company’s stock valued at $356,000 after buying an additional 851 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on PANW. Susquehanna lifted their price target on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a “positive” rating in a research note on Tuesday. KeyCorp lifted their price target on shares of Palo Alto Networks from $217.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. TD Cowen lifted their price target on shares of Palo Alto Networks from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Hsbc Global Res lowered shares of Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a research note on Friday, November 22nd. Finally, Oppenheimer reiterated an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating, twenty-nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $202.70.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 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 value of $18,191,542.15. Following the sale, the executive vice president now owns 358,197 shares in the company, valued at approximately $65,353,042.65. This trade represents a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,458,864 shares of company stock worth $269,397,331 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 4.1 %

NASDAQ PANW opened at $208.28 on Wednesday. The firm has a market cap of $136.67 billion, a price-to-earnings ratio of 54.24, a price-to-earnings-growth ratio of 5.36 and a beta of 1.14. The business has a 50-day moving average price of $186.84 and a 200-day moving average price of $182.29. Palo Alto Networks, Inc. has a twelve month low of $130.04 and a twelve month high of $208.35.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. Palo Alto Networks had a return on equity of 23.36% and a net margin of 32.99%. The company had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Research analysts expect that Palo Alto Networks, Inc. will post 1.74 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.