Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by Linscomb Wealth Inc.

Linscomb Wealth Inc. grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 98.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 36,368 shares of the network technology company’s stock after purchasing an additional 18,070 shares during the quarter. Linscomb Wealth Inc.’s holdings in Palo Alto Networks were worth $6,618,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SJS Investment Consulting Inc. raised its stake in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after acquiring an additional 69 shares in the last quarter. Valued Wealth Advisors LLC increased its holdings in shares of Palo Alto Networks by 246.3% during the fourth 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 period. Abound Wealth Management raised its stake in shares of Palo Alto Networks by 97.3% during the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC lifted its holdings in Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after buying an additional 79 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on PANW shares. BMO Capital Markets boosted their price target on shares of Palo Alto Networks from $195.00 to $212.50 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Northland Securities reissued a “market perform” rating and set a $185.00 target price (up previously from $175.00) on shares of Palo Alto Networks in a report on Thursday, November 21st. Evercore ISI decreased their price target on Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a research note on Tuesday, December 31st. Rosenblatt Securities boosted their price objective on Palo Alto Networks from $212.50 to $235.00 and gave the stock a “buy” rating in a research note on Tuesday, February 11th. Finally, KeyCorp upped their price objective on Palo Alto Networks from $217.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $205.06.

Insider Buying and Selling

In related news, CEO Nikesh Arora sold 490,723 shares of the business’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the transaction, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $198,214,409.80. The trade was a 31.11 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the firm’s 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 completion of 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $187.50 on Friday. The stock has a market capitalization of $124.14 billion, a P/E ratio of 105.63, a P/E/G ratio of 5.64 and a beta of 1.14. The business has a 50-day moving average of $186.57 and a two-hundred day moving average of $184.14. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. As a group, research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks Company 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.