DE Burlo Group Inc. Increases Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

DE Burlo Group Inc. lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 83.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,190 shares of the network technology company's stock after purchasing an additional 5,095 shares during the quarter. DE Burlo Group Inc.'s holdings in Palo Alto Networks were worth $2,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. SJS Investment Consulting Inc. grew its position in Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock worth $25,000 after purchasing an additional 69 shares during the period. Transce3nd LLC purchased a new position in Palo Alto Networks in the fourth quarter worth about $25,000. Valued Wealth Advisors LLC grew its stake in shares of Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock valued at $26,000 after purchasing an additional 101 shares during the period. Strategic Investment Solutions Inc. IL increased its position in shares of Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after purchasing an additional 55 shares during the last quarter. Finally, Abound Wealth Management lifted its stake in shares of Palo Alto Networks by 97.3% in 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 period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Down 0.5 %

Shares of Palo Alto Networks stock traded down $0.92 on Wednesday, reaching $185.73. The company's stock had a trading volume of 1,514,714 shares, compared to its average volume of 5,794,573. Palo Alto Networks, Inc. has a 52-week low of $142.00 and a 52-week high of $208.39. The company has a market capitalization of $122.97 billion, a P/E ratio of 104.64, a PEG ratio of 5.64 and a beta of 1.07. The stock has a 50-day moving average price of $176.14 and a 200-day moving average price of $184.70.

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

Insider Activity

In other news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the sale, the executive vice president now owns 3,543,516 shares of the company's stock, valued at approximately $586,132,981.56. This represents a 2.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 99,707 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the sale, the executive vice president now directly owns 358,197 shares in the company, valued at approximately $65,353,042.65. The trade was a 21.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,039,318 shares of company stock worth $181,925,602 over the last three months. Insiders own 2.50% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on PANW shares. HSBC raised shares of Palo Alto Networks from a "reduce" rating to a "hold" rating and set a $156.00 target price for the company in a report on Thursday, April 10th. Royal Bank of Canada restated an "outperform" rating and set a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, February 10th. Susquehanna increased their price target on Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research note on Tuesday, February 18th. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Finally, Westpark Capital reaffirmed a "hold" rating and issued a $196.40 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Two equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $203.06.

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.