Y.D. More Investments Ltd Has $10.24 Million Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Key Points

• Y.D. More Investments Ltd has reduced its stake in Palo Alto Networks, Inc. by 12.9%, holding 59,998 shares worth approximately $10.24 million.
• Institutional investors own 79.82% of Palo Alto Networks' stock, indicating strong institutional support for the company.
• Palo Alto Networks reported a revenue of $2.29 billion for the last quarter, exceeding analyst expectations and representing a 15.3% increase year-over-year.

Y.D. More Investments Ltd reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 59,998 shares of the network technology company's stock after selling 8,900 shares during the quarter. Palo Alto Networks accounts for 0.9% of Y.D. More Investments Ltd's holdings, making the stock its 24th biggest holding. Y.D. More Investments Ltd's holdings in Palo Alto Networks were worth $10,237,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Transce3nd LLC acquired a new stake in shares of Palo Alto Networks in the 4th quarter valued at $25,000. Strategic Investment Solutions Inc. IL boosted its stake in Palo Alto Networks by 64.0% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after buying an additional 55 shares in the last quarter. Anchor Investment Management LLC grew its position in Palo Alto Networks by 100.0% in the fourth quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company's stock valued at $28,000 after acquiring an additional 78 shares during the last quarter. Capital A Wealth Management LLC bought a new position in Palo Alto Networks in the fourth quarter valued at about $29,000. Finally, HWG Holdings LP acquired a new position in Palo Alto Networks during the first quarter worth about $31,000. Institutional investors own 79.82% of the company's stock.

Insider Buying and Selling

In other Palo Alto Networks news, Director Aparna Bawa sold 526 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $190.00, for a total transaction of $99,940.00. Following the sale, the director owned 8,632 shares in the company, valued at $1,640,080. This trade represents a 5.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 800 shares of Palo Alto Networks stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $201.05, for a total value of $160,840.00. Following the sale, the chief accounting officer directly owned 42,033 shares of the company's stock, valued at approximately $8,450,734.65. This trade represents a 1.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold 669,248 shares of company stock valued at $126,423,337 in the last three months. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

PANW opened at $172.89 on Thursday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The firm has a market capitalization of $115.28 billion, a P/E ratio of 98.79, a price-to-earnings-growth ratio of 4.01 and a beta of 0.94. The company has a fifty day moving average price of $195.06 and a 200-day moving average price of $187.10.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating for the company in a research note on Wednesday, May 21st. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a research note on Tuesday, July 29th. Roth Capital began coverage on Palo Alto Networks in a research report on Thursday, May 15th. They set a "neutral" rating and a $210.00 price objective on the stock. KeyCorp cut Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. Finally, DA Davidson cut their price target on Palo Alto Networks from $225.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.61.

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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.