Dynamic Technology Lab Private Ltd Purchases 3,007 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Dynamic Technology Lab Private Ltd boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 116.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,589 shares of the network technology company’s stock after buying an additional 3,007 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in Palo Alto Networks were worth $1,017,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PANW. Uniting Wealth Partners LLC bought a new position in shares of Palo Alto Networks during the 4th quarter valued at approximately $548,000. Whittier Trust Co. of Nevada Inc. lifted its position in Palo Alto Networks by 94.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 11,661 shares of the network technology company’s stock valued at $2,122,000 after purchasing an additional 5,658 shares during the last quarter. Knights of Columbus Asset Advisors LLC grew its stake in shares of Palo Alto Networks by 108.1% in the 4th quarter. Knights of Columbus Asset Advisors LLC now owns 21,354 shares of the network technology company’s stock worth $3,886,000 after buying an additional 11,095 shares in the last quarter. National Pension Service increased its holdings in shares of Palo Alto Networks by 82.1% in the 4th quarter. National Pension Service now owns 1,345,740 shares of the network technology company’s stock worth $244,871,000 after buying an additional 606,778 shares during the last quarter. Finally, Mosley Wealth Management raised its position in shares of Palo Alto Networks by 116.2% during the 4th quarter. Mosley Wealth Management now owns 3,023 shares of the network technology company’s stock valued at $561,000 after buying an additional 1,625 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Down 7.0 %

Shares of NASDAQ:PANW opened at $153.57 on Friday. Palo Alto Networks, Inc. has a twelve month low of $132.83 and a twelve month high of $208.39. The company has a market cap of $101.68 billion, a PE ratio of 86.52, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. The company’s 50 day moving average is $185.60 and its 200 day moving average is $185.22.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 14.64% and a return on equity of 21.93%. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Lee Klarich sold 120,000 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the transaction, the executive vice president now directly owns 365,856 shares in the company, valued at $65,744,323.20. The trade was a 24.70 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,114,786 shares of company stock valued at $200,426,637 in the last quarter. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PANW has been the subject of several recent research reports. Stephens initiated coverage on Palo Alto Networks in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $205.00 price target for the company. Rosenblatt Securities reissued a “buy” rating and set a $235.00 target price on shares of Palo Alto Networks in a research report on Monday, March 31st. Susquehanna raised their price target on Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. StockNews.com lowered shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Finally, Scotiabank increased their target price on shares of Palo Alto Networks from $200.00 to $225.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $204.27.

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.