Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by RiverPark Advisors LLC

RiverPark Advisors LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 18,105.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,836 shares of the network technology company's stock after acquiring an additional 13,760 shares during the period. Palo Alto Networks makes up approximately 1.8% of RiverPark Advisors LLC's portfolio, making the stock its 18th biggest holding. RiverPark Advisors LLC's holdings in Palo Alto Networks were worth $2,518,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in PANW. Transce3nd LLC purchased a new stake in shares of Palo Alto Networks in the fourth quarter valued at about $25,000. SJS Investment Consulting Inc. increased its position in Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company's stock worth $25,000 after buying an additional 69 shares in the last quarter. Strategic Investment Solutions Inc. IL lifted its position 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 valued at $26,000 after acquiring an additional 55 shares in the last quarter. Valued Wealth Advisors LLC raised its stake in Palo Alto Networks by 246.3% in 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 last quarter. Finally, Abound Wealth Management boosted its stake in shares of 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. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. This represents a 1.44 % 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, CEO Nikesh Arora sold 490,723 shares of Palo Alto Networks stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total value of $89,532,411.35. Following the transaction, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. This trade represents a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,039,318 shares of company stock worth $181,925,602 over the last ninety days. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Trading Up 0.2 %

NASDAQ:PANW traded up $0.41 during mid-day trading on Monday, hitting $179.39. The stock had a trading volume of 1,534,011 shares, compared to its average volume of 5,807,333. The company has a 50 day simple moving average of $176.86 and a 200-day simple moving average of $184.72. The stock has a market capitalization of $118.77 billion, a price-to-earnings ratio of 101.17, a P/E/G ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 52 week low of $142.00 and a 52 week high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.24 billion. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

PANW has been the subject of several analyst reports. Evercore ISI cut their price target on Palo Alto Networks from $455.00 to $230.00 and set an "outperform" rating for the company in a report on Tuesday, December 31st. Guggenheim lowered shares of Palo Alto Networks from a "neutral" rating to a "sell" rating and set a $130.00 price target on the stock. in a report on Monday, January 6th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 12th. Westpark Capital restated a "hold" rating and set a $196.40 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Finally, UBS Group increased their target price on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a "neutral" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.