Strategies Wealth Advisors LLC Invests $698,000 in Palo Alto Networks, Inc. (NASDAQ:PANW)

Strategies Wealth Advisors LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, Holdings Channel.com reports. The firm bought 3,544 shares of the network technology company’s stock, valued at approximately $698,000.

Several other large investors have also recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. increased its holdings in shares of Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after purchasing an additional 69 shares in the last quarter. Valued Wealth Advisors LLC boosted its position in shares of Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Abound Wealth Management grew its stake in Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC raised its position in Palo Alto Networks by 265.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC grew its position in shares of Palo Alto Networks by 102.6% in the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 79 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PANW has been the topic of several recent analyst reports. Hsbc Global Res upgraded shares of Palo Alto Networks from a “moderate sell” rating to a “hold” rating in a report on Thursday. KeyCorp raised their price objective on Palo Alto Networks from $217.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. UBS Group raised their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Jefferies Financial Group cut their target price on shares of Palo Alto Networks from $240.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Guggenheim lowered 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. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $204.52.

Insider Activity

In other news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $151.13, for a total transaction of $18,252,574.62. Following the completion of the sale, the executive vice president now owns 321,774 shares in the company, valued at approximately $48,629,704.62. This represents a 27.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Nikesh Arora sold 490,723 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total value of $89,532,411.35. Following the completion of the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $198,214,409.80. This trade represents a 31.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 939,318 shares of company stock worth $165,384,602. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Stock Performance

Shares of PANW opened at $168.34 on Monday. Palo Alto Networks, Inc. has a 52 week low of $135.18 and a 52 week high of $208.39. The company has a market capitalization of $111.46 billion, a PE ratio of 94.84, a PEG ratio of 5.64 and a beta of 1.07. The company’s 50 day moving average price is $182.29 and its 200 day moving average price is $184.90.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $2.24 billion. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 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.