Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by Onefund LLC

Onefund LLC raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 101.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,713 shares of the network technology company’s stock after buying an additional 863 shares during the quarter. Onefund LLC’s holdings in Palo Alto Networks were worth $312,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Itau Unibanco Holding S.A. acquired a new position in Palo Alto Networks in the 3rd quarter valued at $29,000. True Wealth Design LLC grew its stake in shares of Palo Alto Networks by 2,933.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock worth $31,000 after purchasing an additional 88 shares during the period. MidAtlantic Capital Management Inc. acquired a new position in shares of Palo Alto Networks during the 3rd quarter worth $32,000. Princeton Global Asset Management LLC acquired a new position in shares of Palo Alto Networks during the 3rd quarter worth $33,000. Finally, Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the 3rd quarter worth $39,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In other news, CEO Nikesh Arora sold 235,492 shares of the stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the completion of the transaction, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $199,159,581.28. This represents a 17.81 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at approximately $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 1,122,864 shares of company stock valued at $204,315,811 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. OTR Global reaffirmed a “negative” rating on shares of Palo Alto Networks in a research note on Thursday, November 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $223.00 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Guggenheim lowered shares of Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Monday, January 6th. Citigroup boosted their price objective on shares of Palo Alto Networks from $205.00 to $220.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Evercore ISI decreased their price objective on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating on the stock in a research report on Tuesday, December 31st. Three analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $205.06.

Palo Alto Networks Stock Up 1.6 %

Shares of NASDAQ:PANW opened at $190.43 on Friday. Palo Alto Networks, Inc. has a 52-week low of $132.50 and a 52-week high of $208.39. The company has a 50 day moving average of $186.64 and a two-hundred day moving average of $184.32. The company has a market capitalization of $126.08 billion, a price-to-earnings ratio of 107.29, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last issued 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 company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.