Schwarz Dygos Wheeler Investment Advisors LLC Buys 187 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 7.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,686 shares of the network technology company’s stock after acquiring an additional 187 shares during the quarter. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Palo Alto Networks were worth $792,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. GSG Advisors LLC boosted its holdings in Palo Alto Networks by 1.0% in the 4th quarter. GSG Advisors LLC now owns 5,160 shares of the network technology company’s stock valued at $1,478,000 after purchasing an additional 51 shares during the period. Spirit of America Management Corp NY boosted its stake in shares of Palo Alto Networks by 50.0% in the fourth quarter. Spirit of America Management Corp NY now owns 300 shares of the network technology company’s stock valued at $88,000 after buying an additional 100 shares during the period. Oliver Lagore Vanvalin Investment Group grew its position in Palo Alto Networks by 46.4% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 4,178 shares of the network technology company’s stock worth $1,232,000 after buying an additional 1,325 shares in the last quarter. Truist Financial Corp increased its stake in Palo Alto Networks by 148.9% during the 3rd quarter. Truist Financial Corp now owns 189,801 shares of the network technology company’s stock worth $44,497,000 after acquiring an additional 113,534 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Palo Alto Networks by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 137,104 shares of the network technology company’s stock valued at $32,143,000 after acquiring an additional 735 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW traded up $2.63 during midday trading on Friday, hitting $291.42. 2,246,512 shares of the stock traded hands, compared to its average volume of 3,487,617. Palo Alto Networks, Inc. has a one year low of $176.30 and a one year high of $380.84. The business has a 50 day moving average price of $287.61 and a two-hundred day moving average price of $292.10. The company has a market cap of $94.16 billion, a PE ratio of 45.53, a P/E/G ratio of 3.93 and a beta of 1.19.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, February 20th. The network technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.22. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. As a group, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.77 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 1,050 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the transaction, the chief accounting officer now directly owns 27,247 shares of the company’s stock, valued at $7,629,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Josh D. Paul sold 1,050 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was 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 directly owns 27,247 shares of the company’s stock, valued at $7,629,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 45,000 shares of the business’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $343.03, for a total value of $15,436,350.00. Following the completion of the transaction, the executive vice president now directly owns 198,105 shares in the company, valued at approximately $67,955,958.15. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,917 shares of company stock worth $49,395,553. 3.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $345.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 21st. KeyCorp cut their price target on shares of Palo Alto Networks from $380.00 to $355.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Mizuho decreased their price objective on shares of Palo Alto Networks from $405.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Rosenblatt Securities downgraded Palo Alto Networks from a “buy” rating to a “neutral” rating and reduced their target price for the company from $290.00 to $265.00 in a report on Wednesday, February 21st. Finally, Truist Financial boosted their price target on Palo Alto Networks from $330.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, February 20th. Eleven analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $314.82.

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.