Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Sold by F M Investments LLC

F M Investments LLC lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,655 shares of the network technology company’s stock after selling 1,780 shares during the quarter. F M Investments LLC’s holdings in Palo Alto Networks were worth $1,668,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Weatherly Asset Management L. P. boosted its position in shares of Palo Alto Networks by 4.4% during the 4th quarter. Weatherly Asset Management L. P. now owns 15,721 shares of the network technology company’s stock valued at $4,636,000 after purchasing an additional 658 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Palo Alto Networks during the 4th quarter valued at about $730,000. Harbor Advisors LLC boosted its position in shares of Palo Alto Networks by 25.0% during the 4th quarter. Harbor Advisors LLC now owns 5,000 shares of the network technology company’s stock valued at $1,474,000 after purchasing an additional 1,000 shares in the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of Palo Alto Networks by 6.0% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 10,615 shares of the network technology company’s stock valued at $3,130,000 after purchasing an additional 603 shares in the last quarter. Finally, Parkside Financial Bank & Trust boosted its position in shares of Palo Alto Networks by 70.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 884 shares of the network technology company’s stock valued at $261,000 after purchasing an additional 365 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock traded up $11.81 during midday trading on Tuesday, hitting $293.49. The company had a trading volume of 4,060,803 shares, compared to its average volume of 5,531,698. The business’s 50 day simple moving average is $292.16 and its two-hundred day simple moving average is $291.84. The stock has a market cap of $94.83 billion, a PE ratio of 45.86, a P/E/G ratio of 3.79 and a beta of 1.19. Palo Alto Networks, Inc. has a 1-year low of $176.30 and a 1-year high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, February 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.22. The business had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.76 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,050 shares of Palo Alto Networks stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the sale, the chief accounting officer now owns 27,247 shares in the company, valued at $7,629,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Lee Klarich sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $343.03, for a total value of $15,436,350.00. Following the sale, the executive vice president now owns 198,105 shares in the company, valued at approximately $67,955,958.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 1,050 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the completion of the sale, the chief accounting officer now owns 27,247 shares in the company, valued at approximately $7,629,160. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,917 shares of company stock worth $49,395,553. Insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of several research reports. The Goldman Sachs Group raised their price objective on shares of Palo Alto Networks from $274.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, February 21st. Royal Bank of Canada raised their target price on shares of Palo Alto Networks to $420.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Loop Capital cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating and set a $300.00 target price for the company. in a report on Wednesday, February 21st. Redburn Atlantic raised their target price on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, Truist Financial raised their target price on shares of Palo Alto Networks from $330.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $314.82.

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.