Lighthouse Financial LLC Buys New Shares in Palo Alto Networks, Inc. (NASDAQ:PANW)

Lighthouse Financial LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 2,020 shares of the network technology company's stock, valued at approximately $368,000.

A number of other large investors have also recently added to or reduced their stakes in PANW. Avior Wealth Management LLC lifted its stake in Palo Alto Networks by 31.2% in the fourth quarter. Avior Wealth Management LLC now owns 702 shares of the network technology company's stock valued at $128,000 after acquiring an additional 167 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of Palo Alto Networks by 70.3% during the 4th quarter. Inspire Investing LLC now owns 1,420 shares of the network technology company's stock worth $258,000 after buying an additional 586 shares during the last quarter. Brighton Jones LLC lifted its stake in shares of Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after buying an additional 4,031 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in shares of Palo Alto Networks by 131.2% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 16,914 shares of the network technology company's stock worth $3,078,000 after buying an additional 9,598 shares during the last quarter. Finally, Drive Wealth Management LLC lifted its stake in shares of Palo Alto Networks by 112.1% during the 4th quarter. Drive Wealth Management LLC now owns 1,968 shares of the network technology company's stock worth $358,000 after buying an additional 1,040 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Wall Street Analyst Weigh In

PANW has been the subject of a number of research reports. Susquehanna raised their target price on shares of Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research note on Tuesday, February 18th. Truist Financial cut their target price on shares of Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Morgan Stanley cut their target price on shares of Palo Alto Networks from $230.00 to $205.00 and set an "overweight" rating for the company in a research note on Wednesday, April 16th. Guggenheim restated a "sell" rating and set a $130.00 target price on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein set a $225.00 target price on shares of Palo Alto Networks and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $208.00.

Insider Transactions at Palo Alto Networks

In other news, CEO Nikesh Arora sold 227,414 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $172.73, for a total value of $39,281,220.22. Following the transaction, the chief executive officer now owns 317,571 shares in the company, valued at approximately $54,854,038.83. The trade was a 41.73% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the completion of the transaction, the executive vice president now owns 3,543,516 shares in the company, valued at $586,132,981.56. This trade represents a 2.74% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 568,962 shares of company stock worth $96,933,690. Company insiders own 2.50% of the company's stock.

Palo Alto Networks Trading Up 2.7%

PANW traded up $4.96 during trading on Friday, reaching $190.78. 11,416,203 shares of the company's stock were exchanged, compared to its average volume of 5,596,036. Palo Alto Networks, Inc. has a one year low of $142.01 and a one year high of $208.39. The stock has a market capitalization of $127.21 billion, a PE ratio of 107.48, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02. The firm has a fifty day moving average price of $178.29 and a two-hundred day moving average price of $185.13.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, May 20th. The network technology company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The firm had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the firm posted $0.66 EPS. The company's revenue for the quarter was up 15.3% compared to the same quarter last year. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.