Quilter Plc Has $136.42 Million Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Quilter Plc increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 16.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 799,482 shares of the network technology company's stock after acquiring an additional 110,608 shares during the quarter. Palo Alto Networks comprises 2.8% of Quilter Plc's portfolio, making the stock its 9th biggest holding. Quilter Plc owned 0.12% of Palo Alto Networks worth $136,424,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PANW. Brighton Jones LLC boosted its holdings in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after acquiring an additional 4,031 shares during the period. Roanoke Asset Management Corp NY lifted its holdings in Palo Alto Networks by 100.0% during the 4th quarter. Roanoke Asset Management Corp NY now owns 1,530 shares of the network technology company's stock worth $278,000 after purchasing an additional 765 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Palo Alto Networks by 115.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock valued at $8,004,000 after purchasing an additional 23,586 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in Palo Alto Networks by 98.4% in the 4th quarter. Pine Valley Investments Ltd Liability Co now owns 1,944 shares of the network technology company's stock valued at $354,000 after buying an additional 964 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its position in Palo Alto Networks by 60.2% during the 4th quarter. Illinois Municipal Retirement Fund now owns 34,532 shares of the network technology company's stock worth $6,283,000 after buying an additional 12,970 shares during the period. Institutional investors own 79.82% of the company's stock.

Insider Buying and Selling

In related news, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now directly owns 3,543,516 shares in the company, valued at approximately $586,132,981.56. The trade was a 2.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president now owns 101,135 shares of the company's stock, valued at $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 795,536 shares of company stock valued at $141,007,618. 2.50% of the stock is owned by company insiders.

Analyst Ratings Changes

PANW has been the subject of several analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, May 20th. Roth Capital assumed coverage on shares of Palo Alto Networks in a research report on Thursday, May 15th. They issued a "neutral" rating and a $210.00 price target for the company. JPMorgan Chase & Co. reduced their price target on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. TD Securities restated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, Guggenheim reaffirmed a "sell" rating and issued a $130.00 price objective on shares of Palo Alto Networks in a report on Wednesday, May 21st. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus price target of $208.00.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $202.34 on Friday. The company has a 50-day moving average price of $190.04 and a 200-day moving average price of $185.39. The stock has a market capitalization of $134.92 billion, a P/E ratio of 115.62, a P/E/G ratio of 5.70 and a beta of 0.97. Palo Alto Networks, Inc. has a 1 year low of $142.01 and a 1 year high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period in the previous year, the firm earned $0.66 EPS. The business's revenue for the quarter was up 15.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share 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.

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