Palo Alto Networks, Inc. (NASDAQ:PANW) is Anatole Investment Management Ltd's 9th Largest Position

Anatole Investment Management Ltd grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 100.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 5,362 shares of the network technology company's stock after acquiring an additional 2,681 shares during the quarter. Palo Alto Networks comprises approximately 0.4% of Anatole Investment Management Ltd's holdings, making the stock its 9th largest position. Anatole Investment Management Ltd's holdings in Palo Alto Networks were worth $976,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. Strategic Investment Solutions Inc. IL grew its stake in shares of 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 worth $26,000 after acquiring an additional 55 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Rakuten Securities Inc. grew its holdings in Palo Alto Networks by 8.4% during the 4th quarter. Rakuten Securities Inc. now owns 906 shares of the network technology company's stock worth $165,000 after acquiring an additional 70 shares during the last quarter. Cedar Mountain Advisors LLC increased its stake in shares of Palo Alto Networks by 70.3% in the 4th quarter. Cedar Mountain Advisors LLC now owns 172 shares of the network technology company's stock valued at $31,000 after buying an additional 71 shares during the period. Finally, Abound Wealth Management raised its holdings in Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 72 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock traded up $0.56 on Tuesday, hitting $188.69. 3,013,038 shares of the company traded hands, compared to its average volume of 5,770,872. The business has a 50-day simple moving average of $175.94 and a 200 day simple moving average of $184.68. Palo Alto Networks, Inc. has a 52 week low of $142.01 and a 52 week high of $208.39. The stock has a market capitalization of $124.93 billion, a P/E ratio of 106.30, a price-to-earnings-growth ratio of 5.64 and a beta of 1.02.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The firm 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%. Research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PANW. KeyCorp decreased their price target on shares of Palo Alto Networks from $240.00 to $205.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. UBS Group lifted their target price on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a "neutral" rating in a report on Friday, February 14th. Guggenheim cut shares of Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 target price for the company. in a research report on Monday, January 6th. Loop Capital dropped their price target on Palo Alto Networks from $385.00 to $180.00 and set a "hold" rating for the company in a research note on Tuesday, January 14th. Finally, JMP Securities boosted their target price on Palo Alto Networks from $208.00 to $212.00 and gave the stock a "market outperform" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $203.06.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the sale, the executive vice president now owns 321,774 shares of the company's stock, 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, EVP Nir Zuk sold 100,000 shares of the firm'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 transaction, 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 448,188 shares of company stock worth $74,074,795. 2.50% of the stock is owned by company insiders.

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.