Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by FFT Wealth Management LLC

FFT Wealth Management LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 70.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,788 shares of the network technology company’s stock after purchasing an additional 740 shares during the quarter. FFT Wealth Management LLC’s holdings in Palo Alto Networks were worth $325,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. SJS Investment Consulting Inc. increased its holdings in Palo Alto Networks by 97.2% in the 4th 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 position in shares of Palo Alto Networks by 246.3% during 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 period. Abound Wealth Management grew its stake 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 valued at $27,000 after buying an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of Palo Alto Networks by 265.0% in 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 buying an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC raised its holdings 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 buying an additional 79 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Nikesh Arora sold 235,492 shares of the business’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at $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 sold a total of 1,122,864 shares of company stock worth $204,315,811 over the last 90 days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $188.01 on Wednesday. The business has a 50 day simple moving average of $186.59 and a 200-day simple moving average of $184.08. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The stock has a market capitalization of $124.48 billion, a PE ratio of 105.92, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14.

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, topping 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 net margin of 14.64% and a return on equity of 21.93%. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a research report on Monday, November 18th. JMP Securities lifted their price objective on shares of Palo Alto Networks from $208.00 to $212.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Rosenblatt Securities increased their target price on shares of Palo Alto Networks from $212.50 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, February 11th. Citigroup boosted their price target on shares of Palo Alto Networks from $205.00 to $220.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Wells Fargo & Company increased their price objective on Palo Alto Networks from $208.00 to $225.00 and gave the company an “overweight” rating in a research note on Thursday, November 21st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $205.06.

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.