Dynamic Advisor Solutions LLC Has $5.33 Million Holdings in Palo Alto Networks, Inc. $PANW

Dynamic Advisor Solutions LLC decreased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 15.8% in the 4th quarter, HoldingsChannel reports. The firm owned 28,911 shares of the network technology company’s stock after selling 5,439 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Palo Alto Networks were worth $5,325,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Tactive Advisors LLC increased its holdings in Palo Alto Networks by 8.8% in the 4th quarter. Tactive Advisors LLC now owns 2,620 shares of the network technology company’s stock valued at $483,000 after buying an additional 213 shares during the period. Ulland Investment Advisors LLC lifted its holdings in shares of Palo Alto Networks by 44.2% during the 4th quarter. Ulland Investment Advisors LLC now owns 978 shares of the network technology company’s stock worth $180,000 after acquiring an additional 300 shares during the period. True Wealth Design LLC lifted its holdings in shares of Palo Alto Networks by 49.8% during the 4th quarter. True Wealth Design LLC now owns 848 shares of the network technology company’s stock worth $156,000 after acquiring an additional 282 shares during the period. Gradient Investments LLC boosted its position in shares of Palo Alto Networks by 5.6% during the 4th quarter. Gradient Investments LLC now owns 172,928 shares of the network technology company’s stock worth $31,853,000 after acquiring an additional 9,182 shares in the last quarter. Finally, Sound View Wealth Advisors Group LLC increased its stake in Palo Alto Networks by 2.8% in the fourth quarter. Sound View Wealth Advisors Group LLC now owns 10,428 shares of the network technology company’s stock valued at $1,921,000 after acquiring an additional 284 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PANW has been the subject of several research analyst reports. Susquehanna lowered their price objective on shares of Palo Alto Networks from $230.00 to $200.00 and set a “positive” rating for the company in a research report on Wednesday, February 18th. DA Davidson set a $190.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, February 18th. Argus raised Palo Alto Networks to a “strong-buy” rating in a report on Friday, February 20th. Citizens Jmp reissued a “market outperform” rating and set a $250.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 18th. Finally, Loop Capital dropped their price objective on Palo Alto Networks from $190.00 to $160.00 and set a “hold” rating for the company in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $210.19.

Palo Alto Networks Price Performance

Shares of PANW opened at $164.05 on Tuesday. The business has a 50-day moving average of $167.28 and a 200-day moving average of $188.50. The company has a market capitalization of $133.86 billion, a price-to-earnings ratio of 90.64, a price-to-earnings-growth ratio of 5.88 and a beta of 0.78. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The firm’s revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,768 shares of Palo Alto Networks stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $191.03, for a total value of $23,070,311.04. Following the completion of the transaction, the executive vice president directly owned 298,887 shares of the company’s stock, valued at approximately $57,096,383.61. This trade represents a 28.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James J. Goetz sold 22,684 shares of Palo Alto Networks stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $164.41, for a total value of $3,729,476.44. Following the completion of the transaction, the director directly owned 52,500 shares of the company’s stock, valued at approximately $8,631,525. This trade represents a 30.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 144,252 shares of company stock worth $26,947,635 over the last quarter. Company insiders own 1.40% of the company’s stock.

About Palo Alto Networks

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.