4,833 Shares in Palo Alto Networks, Inc. $PANW Acquired by Winnow Wealth LLC

Winnow Wealth LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 4,833 shares of the network technology company’s stock, valued at approximately $986,000.

A number of other institutional investors also recently bought and sold shares of PANW. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $25,000. Whipplewood Advisors LLC boosted its holdings in Palo Alto Networks by 6,400.0% during the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after buying an additional 128 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in Palo Alto Networks during the second quarter valued at $28,000. Howard Hughes Medical Institute acquired a new stake in shares of Palo Alto Networks during the 2nd quarter valued at about $29,000. Finally, MTM Investment Management LLC acquired a new stake in shares of Palo Alto Networks during the 2nd quarter valued at about $31,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other news, CAO Josh D. Paul sold 800 shares of Palo Alto Networks stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $184.81, for a total value of $147,848.00. Following the completion of the transaction, the chief accounting officer owned 46,005 shares in the company, valued at approximately $8,502,184.05. This trade represents a 1.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $217.94, for a total value of $26,321,485.56. Following the completion of the sale, the executive vice president owned 356,409 shares in the company, valued at $77,675,777.46. The trade was a 25.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 382,016 shares of company stock worth $76,386,460. 1.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

PANW has been the topic of several research analyst reports. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a research report on Thursday, November 20th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Palo Alto Networks in a research note on Monday, November 24th. Bank of America increased their target price on Palo Alto Networks from $215.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 20th. Hsbc Global Res lowered Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a research note on Thursday, November 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $240.00 price objective (up from $236.00) on shares of Palo Alto Networks in a research note on Thursday, November 20th. Thirty-one analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $229.09.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $176.97 on Friday. The stock has a market cap of $123.35 billion, a PE ratio of 112.01, a P/E/G ratio of 4.20 and a beta of 0.76. The stock’s fifty day moving average is $187.22 and its two-hundred day moving average is $194.58. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Thursday, November 20th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The business had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. During the same period last year, the firm posted $1.56 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next?generation firewalls as a core on?premises capability, alongside cloud?delivered security services and software for securing public and private clouds.