Palo Alto Networks, Inc. $PANW Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 205,550 shares of the network technology company’s stock after selling 63,632 shares during the quarter. Calamos Advisors LLC’s holdings in Palo Alto Networks were worth $41,854,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Darwin Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the second quarter worth $25,000. Whipplewood Advisors LLC boosted its holdings in Palo Alto Networks by 6,400.0% in the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in Palo Alto Networks during the 2nd quarter worth about $28,000. Howard Hughes Medical Institute acquired a new stake in Palo Alto Networks during the 2nd quarter worth about $29,000. Finally, MTM Investment Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $31,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Jefferies Financial Group restated a “buy” rating and issued a $250.00 target price (up previously from $235.00) on shares of Palo Alto Networks in a research note on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of Palo Alto Networks in a research report on Monday. BTIG Research reaffirmed a “buy” rating on shares of Palo Alto Networks in a research note on Wednesday, December 17th. Royal Bank Of Canada boosted their target price on shares of Palo Alto Networks from $232.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Finally, Bank of America increased their price target on shares of Palo Alto Networks from $215.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, October 20th. Thirty-one analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $226.20.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $186.85 on Wednesday. The firm has a market capitalization of $130.23 billion, a PE ratio of 118.26, a P/E/G ratio of 4.44 and a beta of 0.79. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $223.61. The firm’s 50-day moving average price is $198.88 and its 200 day moving average price is $196.89.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Thursday, November 20th. The network technology company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.89 by $0.04. Palo Alto Networks had a return on equity of 17.05% and a net margin of 11.69%.The company had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the previous year, the business earned $1.56 EPS. Palo Alto Networks’s quarterly revenue was up 15.7% on a year-over-year basis. On average, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In related news, Director James J. Goetz sold 12,500 shares of the stock in a transaction on Monday, December 8th. The stock was sold at an average price of $195.33, for a total value of $2,441,625.00. Following the completion of the transaction, the director directly owned 75,184 shares of the company’s stock, valued at approximately $14,685,690.72. This represents a 14.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total transaction of $940,900.00. Following the sale, the executive vice president directly owned 155,119 shares in the company, valued at approximately $29,190,293.42. This trade represents a 3.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 381,222 shares of company stock valued at $78,762,727 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.