Walter Public Investments Inc. Purchases 4,630 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Walter Public Investments Inc. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 30.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,730 shares of the network technology company’s stock after purchasing an additional 4,630 shares during the quarter. Walter Public Investments Inc.’s holdings in Palo Alto Networks were worth $6,744,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Fisher Asset Management LLC increased its holdings in shares of Palo Alto Networks by 7.2% during the fourth quarter. Fisher Asset Management LLC now owns 1,806 shares of the network technology company’s stock valued at $533,000 after acquiring an additional 121 shares in the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of Palo Alto Networks during the fourth quarter valued at $60,000. Alaska Permanent Fund Corp increased its holdings in shares of Palo Alto Networks by 403.5% during the first quarter. Alaska Permanent Fund Corp now owns 720 shares of the network technology company’s stock valued at $205,000 after acquiring an additional 577 shares in the last quarter. Fulton Bank N.A. boosted its position in shares of Palo Alto Networks by 2.6% during the first quarter. Fulton Bank N.A. now owns 3,283 shares of the network technology company’s stock valued at $933,000 after buying an additional 82 shares during the last quarter. Finally, Czech National Bank boosted its position in shares of Palo Alto Networks by 1.9% during the first quarter. Czech National Bank now owns 55,477 shares of the network technology company’s stock valued at $15,763,000 after buying an additional 1,031 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In related news, CEO Nikesh Arora sold 81,586 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $367.99, for a total transaction of $30,022,832.14. Following the completion of the transaction, the chief executive officer now owns 618,715 shares in the company, valued at $227,680,932.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Nikesh Arora sold 81,586 shares of the business’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $367.99, for a total transaction of $30,022,832.14. Following the completion of the transaction, the chief executive officer now owns 618,715 shares in the company, valued at $227,680,932.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Josh D. Paul sold 200 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $323.41, for a total value of $64,682.00. Following the completion of the sale, the chief accounting officer now owns 24,782 shares of the company’s stock, valued at $8,014,746.62. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 351,452 shares of company stock valued at $118,643,279. 3.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

PANW has been the topic of several recent analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $380.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 20th. Rosenblatt Securities increased their price objective on Palo Alto Networks from $300.00 to $345.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Susquehanna increased their price objective on Palo Alto Networks from $340.00 to $420.00 and gave the company a “positive” rating in a research report on Thursday, September 5th. BNP Paribas initiated coverage on Palo Alto Networks in a research report on Tuesday, October 8th. They set an “outperform” rating and a $410.00 price objective on the stock. Finally, Citigroup increased their price objective on Palo Alto Networks from $385.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Eleven equities research analysts have rated the stock with a hold rating, thirty have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average target price of $372.28.

Palo Alto Networks Trading Down 0.3 %

Shares of PANW opened at $373.23 on Thursday. The business’s 50 day moving average is $346.63 and its 200 day moving average is $321.63. The company has a market capitalization of $120.85 billion, a PE ratio of 54.25, a price-to-earnings-growth ratio of 5.26 and a beta of 1.13. Palo Alto Networks, Inc. has a 12-month low of $233.81 and a 12-month high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Monday, August 19th. The network technology company reported $1.51 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.10. The firm had revenue of $2.19 billion for the quarter, compared to the consensus estimate of $2.16 billion. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The company’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS. Equities research analysts predict that Palo Alto Networks, Inc. will post 3.56 earnings per share for the current year.

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.