Venture Visionary Partners LLC Has $7.45 Million Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

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Venture Visionary Partners LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 24.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 43,643 shares of the network technology company's stock after purchasing an additional 8,527 shares during the period. Venture Visionary Partners LLC's holdings in Palo Alto Networks were worth $7,447,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. Transce3nd LLC bought a new position in Palo Alto Networks in the 4th quarter valued at about $25,000. Capital A Wealth Management LLC bought a new position in Palo Alto Networks in the 4th quarter valued at about $29,000. HWG Holdings LP bought a new position in Palo Alto Networks in the 1st quarter valued at about $31,000. Dagco Inc. bought a new position in Palo Alto Networks in the 1st quarter valued at about $33,000. Finally, SWAN Capital LLC raised its holdings in Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after acquiring an additional 100 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Down 0.5%

PANW stock opened at $176.17 on Tuesday. The firm has a market cap of $117.47 billion, a price-to-earnings ratio of 100.67, a PEG ratio of 4.35 and a beta of 0.94. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The company's fifty day simple moving average is $191.59 and its 200 day simple moving average is $186.35.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the firm posted $0.75 earnings per share. The business's revenue was up 15.8% compared to the same quarter last year. Research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

PANW has been the topic of several research analyst reports. Guggenheim reissued a "sell" rating and issued a $130.00 price target on shares of Palo Alto Networks in a report on Wednesday, May 21st. Barclays lowered their target price on shares of Palo Alto Networks from $213.00 to $210.00 and set an "overweight" rating on the stock in a report on Wednesday, May 21st. KeyCorp cut shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Finally, DA Davidson lowered their target price on shares of Palo Alto Networks from $225.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, July 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and an average price target of $217.79.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Monday, August 4th. The shares were sold at an average price of $171.58, for a total value of $20,722,402.92. Following the completion of the sale, the executive vice president directly owned 206,718 shares of the company's stock, valued at approximately $35,468,674.44. The trade was a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 669,248 shares of company stock valued at $126,423,337. 2.50% of the stock is owned by 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.

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