Palo Alto Networks, Inc. $PANW Shares Acquired by Burns J W & Co. Inc. NY

Burns J W & Co. Inc. NY lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,144 shares of the network technology company’s stock after buying an additional 3,430 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Palo Alto Networks were worth $7,563,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC increased its stake in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after buying an additional 3,275 shares during the period. Graham Capital Management L.P. lifted its holdings in Palo Alto Networks by 175.0% in the 1st quarter. Graham Capital Management L.P. now owns 7,079 shares of the network technology company’s stock worth $1,208,000 after buying an additional 4,505 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in Palo Alto Networks by 2.2% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 559,800 shares of the network technology company’s stock valued at $95,524,000 after buying an additional 11,900 shares during the last quarter. Finally, Aprio Wealth Management LLC grew its stake in shares of Palo Alto Networks by 49.2% during the first quarter. Aprio Wealth Management LLC now owns 3,582 shares of the network technology company’s stock valued at $611,000 after acquiring an additional 1,181 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other news, Director James J. Goetz sold 12,500 shares of the company’s 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 sale, the director owned 75,184 shares in the company, valued at $14,685,690.72. This represents a 14.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total value of $940,900.00. Following the transaction, the executive vice president directly owned 155,119 shares of the company’s stock, valued at $29,190,293.42. This represents a 3.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 381,222 shares of company stock valued at $78,762,727. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Oppenheimer reiterated an “outperform” rating and issued a $245.00 price target on shares of Palo Alto Networks in a research note on Thursday, November 20th. New Street Research upped their target price on Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research report on Friday, September 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Palo Alto Networks in a research report on Monday. BMO Capital Markets upped their price target on shares of Palo Alto Networks from $225.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, November 17th. Finally, Stephens increased their price objective on shares of Palo Alto Networks from $205.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. Thirty-one investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $226.20.

Palo Alto Networks Stock Down 1.4%

Shares of NASDAQ:PANW opened at $184.20 on Thursday. The company has a market cap of $128.39 billion, a PE ratio of 116.58, a P/E/G ratio of 4.46 and a beta of 0.79. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $223.61. The firm has a 50-day simple moving average of $198.32 and a 200 day simple moving average of $196.80.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Thursday, November 20th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the previous year, the firm posted $1.56 EPS. The business’s revenue for the quarter was up 15.7% compared to the same quarter last year. As a group, research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.