Jackson Creek Investment Advisors LLC Has $461,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Jackson Creek Investment Advisors LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 92.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,536 shares of the network technology company’s stock after purchasing an additional 1,216 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Palo Alto Networks were worth $461,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. SJS Investment Consulting Inc. raised its position 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 acquiring an additional 69 shares in the last quarter. Valued Wealth Advisors LLC raised its position in 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 valued at $26,000 after acquiring an additional 101 shares in the last quarter. Abound Wealth Management raised its position in Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in shares of Palo Alto Networks by 265.0% in 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 purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC raised its position in shares of Palo Alto Networks by 102.6% in 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 period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Up 0.9 %

Palo Alto Networks stock opened at $180.93 on Friday. The stock has a 50-day simple moving average of $186.05 and a 200 day simple moving average of $184.78. 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 $119.79 billion, a price-to-earnings ratio of 101.93, a P/E/G ratio of 5.64 and a beta of 1.04.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PANW. JPMorgan Chase & Co. lifted their price target on shares of Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a research report on Monday, November 18th. Wells Fargo & Company lifted their price target on shares of Palo Alto Networks from $208.00 to $225.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. HSBC lowered shares of Palo Alto Networks from a “hold” rating to a “reduce” rating and dropped their price target for the company from $152.00 to $145.50 in a research report on Friday, November 22nd. Northland Securities reissued a “market perform” rating and issued a $185.00 price target (up previously from $175.00) on shares of Palo Alto Networks in a research report on Thursday, November 21st. Finally, Scotiabank boosted their target price on shares of Palo Alto Networks from $200.00 to $225.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Three equities research 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.06.

Insiders Place Their Bets

In other news, CEO Nikesh Arora sold 176,242 shares of the company’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $180.04, for a total value of $31,730,609.68. Following the completion of the sale, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at $195,596,176.16. This represents a 13.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the sale, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is currently owned by insiders.

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.