Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by Highview Capital Management LLC DE

Highview Capital Management LLC DE grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 103.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,426 shares of the network technology company's stock after acquiring an additional 3,268 shares during the quarter. Highview Capital Management LLC DE's holdings in Palo Alto Networks were worth $1,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Transce3nd LLC acquired a new stake in Palo Alto Networks during the 4th quarter valued at approximately $25,000. 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 worth $25,000 after acquiring an additional 69 shares during the last quarter. Strategic Investment Solutions Inc. IL boosted its stake in 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 worth $26,000 after purchasing an additional 55 shares during the period. Valued Wealth Advisors LLC boosted its position in shares of Palo Alto Networks by 246.3% during the 4th 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 during the last quarter. Finally, Atlantic Edge Private Wealth Management LLC lifted its position 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 worth $27,000 after buying an additional 106 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock traded up $0.61 during midday trading on Friday, reaching $186.75. 4,898,365 shares of the company traded hands, compared to its average volume of 5,612,883. Palo Alto Networks, Inc. has a 12 month low of $142.01 and a 12 month high of $208.39. The firm has a market capitalization of $123.65 billion, a price-to-earnings ratio of 105.21, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02. The business has a 50 day moving average of $178.11 and a two-hundred day moving average of $185.30.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Tuesday, May 20th. The network technology company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The business had revenue of $2.29 billion during the quarter, compared to analysts' expectations of $2.28 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The business's revenue was up 15.3% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Citigroup upped their price target on Palo Alto Networks from $205.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Truist Financial reduced their price target on Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Wells Fargo & Company increased their target price on Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday. Hsbc Global Res raised Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 10th. Finally, Barclays decreased their price target on Palo Alto Networks from $213.00 to $210.00 and set an "overweight" rating for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.40.

Insider Activity

In other Palo Alto Networks news, CEO Nikesh Arora sold 227,414 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $172.73, for a total transaction of $39,281,220.22. Following the completion of the transaction, the chief executive officer now directly owns 317,571 shares in the company, valued at approximately $54,854,038.83. This represents a 41.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the completion of the sale, the executive vice president now owns 3,543,516 shares of the company's stock, valued at $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. In the last quarter, insiders sold 568,962 shares of company stock worth $96,933,690. 2.50% of the stock is currently owned by corporate insiders.

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.