Kaizen Financial Strategies Has $400,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Kaizen Financial Strategies raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 175.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,200 shares of the network technology company's stock after buying an additional 1,400 shares during the quarter. Kaizen Financial Strategies' holdings in Palo Alto Networks were worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. Hudson Bay Capital Management LP bought a new position in Palo Alto Networks during the 4th quarter worth approximately $36,399,000. Geller Advisors LLC grew its holdings in shares of Palo Alto Networks by 127.0% in the 4th quarter. Geller Advisors LLC now owns 1,582 shares of the network technology company's stock valued at $288,000 after buying an additional 885 shares during the period. Gotham Asset Management LLC grew its holdings in shares of Palo Alto Networks by 55.1% in the 4th quarter. Gotham Asset Management LLC now owns 44,481 shares of the network technology company's stock valued at $8,094,000 after buying an additional 15,805 shares during the period. Graham Capital Management L.P. increased its position in shares of Palo Alto Networks by 26.2% in the 4th quarter. Graham Capital Management L.P. now owns 2,574 shares of the network technology company's stock valued at $468,000 after buying an additional 535 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in Palo Alto Networks by 89.6% during the 4th quarter. Focus Partners Wealth now owns 421,990 shares of the network technology company's stock worth $83,396,000 after buying an additional 199,473 shares during the period. Institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $151.13, for a total value of $18,252,574.62. Following the completion of the transaction, the executive vice president now directly owns 321,774 shares in the company, valued at approximately $48,629,704.62. This trade represents a 27.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nikesh Arora sold 227,414 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $172.73, for a total transaction of $39,281,220.22. Following the sale, the chief executive officer now directly owns 317,571 shares in the company, valued at $54,854,038.83. The trade was a 41.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 568,962 shares of company stock valued at $96,933,690 in the last quarter. Insiders own 2.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. KeyCorp dropped their price target on Palo Alto Networks from $240.00 to $205.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, February 10th. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Loop Capital cut their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating on the stock in a research report on Tuesday, January 14th. Finally, Truist Financial lowered their target price on Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating for the company in a report on Monday, March 31st. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $203.06.

Palo Alto Networks Price Performance

Shares of PANW opened at $186.93 on Friday. The firm has a 50 day simple moving average of $176.07 and a two-hundred day simple moving average of $184.76. Palo Alto Networks, Inc. has a one year low of $142.01 and a one year high of $208.39. The company has a market cap of $123.77 billion, a P/E ratio of 105.31, a P/E/G ratio of 5.64 and a beta of 1.02.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.06. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. On average, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal 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.

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