Consilium Wealth Advisory LLC Acquires 660 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Consilium Wealth Advisory LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,320 shares of the network technology company’s stock after purchasing an additional 660 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Palo Alto Networks were worth $240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PANW. SJS Investment Consulting Inc. grew its stake 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 buying an additional 69 shares during the last quarter. Valued Wealth Advisors LLC grew its stake 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 valued at $26,000 after buying an additional 101 shares during the last quarter. Abound Wealth Management grew its stake in Palo Alto Networks by 97.3% in the 4th 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 during the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in 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 last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in 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 last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $189.55 on Thursday. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39. The stock has a market cap of $125.50 billion, a price-to-earnings ratio of 106.79, a P/E/G ratio of 5.64 and a beta of 1.14. The company has a 50 day moving average of $186.60 and a 200-day moving average of $184.12.

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

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,000 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the completion of the sale, the executive vice president now owns 365,856 shares of the company’s stock, valued at $65,744,323.20. This represents a 24.70 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nikesh Arora sold 235,492 shares of the 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 directly owns 1,086,404 shares of the company’s stock, valued at $199,159,581.28. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. KeyCorp raised their target price 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. Morgan Stanley raised their target price on shares of Palo Alto Networks from $223.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $190.00 price target (down from $207.00) on shares of Palo Alto Networks in a research report on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of Palo Alto Networks from $192.50 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Westpark Capital restated a “hold” rating and issued a $196.40 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.06.

Palo Alto Networks 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.