1,295 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Purchased by Tilt Investment Management Holdings PBC

Tilt Investment Management Holdings PBC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,295 shares of the network technology company’s stock, valued at approximately $382,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Worth Asset Management LLC purchased a new position in Palo Alto Networks in the 1st quarter valued at $26,000. First Pacific Financial lifted its stake in shares of Palo Alto Networks by 421.7% in the third quarter. First Pacific Financial now owns 120 shares of the network technology company’s stock worth $28,000 after buying an additional 97 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Palo Alto Networks during the second quarter worth about $28,000. Fortis Capital Advisors LLC purchased a new stake in Palo Alto Networks during the 4th quarter valued at about $28,000. Finally, Webster Bank N. A. grew its stake in Palo Alto Networks by 607.1% during the 4th quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on Palo Alto Networks to $420.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Monday, January 29th. Wedbush lifted their price target on Palo Alto Networks from $350.00 to $425.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Mizuho dropped their price target on shares of Palo Alto Networks from $405.00 to $350.00 and set a “buy” rating for the company in a research note on Wednesday, February 21st. Finally, KeyCorp lowered their price target on Palo Alto Networks from $380.00 to $355.00 and set an “overweight” rating for the company in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $314.82.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $284.33, for a total transaction of $17,059,800.00. Following the completion of the sale, the executive vice president now directly owns 198,105 shares of the company’s stock, valued at approximately $56,327,194.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Josh D. Paul sold 1,050 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the transaction, the chief accounting officer now directly owns 27,247 shares in the company, valued at $7,629,160. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 60,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $284.33, for a total transaction of $17,059,800.00. Following the completion of the sale, the executive vice president now owns 198,105 shares of the company’s stock, valued at approximately $56,327,194.65. The disclosure for this sale can be found here. Insiders sold a total of 167,917 shares of company stock valued at $49,395,553 in the last ninety days. Insiders own 3.30% of the company’s stock.

Palo Alto Networks Trading Up 1.3 %

Shares of Palo Alto Networks stock traded up $3.61 during trading on Thursday, reaching $280.94. The company’s stock had a trading volume of 2,315,068 shares, compared to its average volume of 5,575,287. The company has a 50-day moving average price of $299.16 and a two-hundred day moving average price of $290.18. Palo Alto Networks, Inc. has a fifty-two week low of $176.30 and a fifty-two week high of $380.84. The firm has a market cap of $90.77 billion, a PE ratio of 44.04, a P/E/G ratio of 3.75 and a beta of 1.19.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.22. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, analysts predict that Palo Alto Networks, Inc. will post 2.76 earnings per share for the current fiscal year.

Palo Alto Networks 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.