Aristotle Atlantic Partners LLC Has $1.20 Million Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Aristotle Atlantic Partners LLC boosted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,600 shares of the network technology company's stock after purchasing an additional 3,300 shares during the quarter. Aristotle Atlantic Partners LLC's holdings in Palo Alto Networks were worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PANW. SJS Investment Consulting Inc. increased its position in Palo Alto Networks by 97.2% during 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 in the last quarter. Transce3nd LLC purchased a new stake in shares of Palo Alto Networks during the fourth quarter worth about $25,000. Valued Wealth Advisors LLC increased its holdings 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 valued at $26,000 after acquiring an additional 101 shares in the last quarter. Strategic Investment Solutions Inc. IL raised its position in shares of Palo Alto Networks by 64.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Finally, Abound Wealth Management boosted 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 worth $27,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction on Monday, April 7th. The stock was sold at an average price of $151.13, for a total value of $18,252,574.62. Following the completion of the transaction, the executive vice president now directly owns 321,774 shares in the company, valued at approximately $48,629,704.62. This represents a 27.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $165.41, for a total value of $16,541,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,543,516 shares of the company's stock, valued at approximately $586,132,981.56. This trade represents a 2.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 568,962 shares of company stock valued at $96,933,690 in the last ninety days. Company insiders own 2.50% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on PANW shares. Rosenblatt Securities reissued a "buy" rating and set a $235.00 target price on shares of Palo Alto Networks in a report on Monday, March 31st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price objective on shares of Palo Alto Networks in a report on Wednesday, February 12th. Susquehanna boosted their target price on Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a report on Tuesday, February 18th. JMP Securities raised their price target on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $190.00 price target (down from $207.00) on shares of Palo Alto Networks in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $203.06.

Palo Alto Networks Price Performance

NASDAQ:PANW traded down $0.46 during trading hours on Wednesday, reaching $188.23. The company's stock had a trading volume of 3,709,114 shares, compared to its average volume of 5,646,004. The business's 50-day moving average is $175.97 and its 200-day moving average is $184.71. Palo Alto Networks, Inc. has a one year low of $142.01 and a one year high of $208.39. The company has a market cap of $124.63 billion, a price-to-earnings ratio of 106.05, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released 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. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.