Flputnam Investment Management Co. Has $4.72 Million Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Flputnam Investment Management Co. increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 379.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,993 shares of the network technology company’s stock after buying an additional 12,657 shares during the quarter. Flputnam Investment Management Co.’s holdings in Palo Alto Networks were worth $4,716,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Worth Asset Management LLC bought a new stake in Palo Alto Networks in the 1st quarter valued at $26,000. First Pacific Financial raised its position in shares of Palo Alto Networks by 421.7% during the third quarter. First Pacific Financial now owns 120 shares of the network technology company’s stock worth $28,000 after purchasing an additional 97 shares during the period. Pin Oak Investment Advisors Inc. bought a new position in shares of Palo Alto Networks during the 2nd quarter worth $28,000. Fortis Capital Advisors LLC bought a new position in shares of Palo Alto Networks during the 4th quarter worth $28,000. Finally, Webster Bank N. A. grew its stake in shares of Palo Alto Networks by 607.1% during the 4th quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock worth $29,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,050 shares of Palo Alto Networks stock in a transaction dated 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 transaction, the chief accounting officer now owns 27,247 shares in the company, valued at approximately $7,629,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Palo Alto Networks 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 transaction, the chief accounting officer now owns 27,247 shares in the company, valued at $7,629,160. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 45,000 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 198,105 shares in the company, valued at approximately $67,955,958.15. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,917 shares of company stock valued at $49,395,553. 3.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have commented on PANW shares. Royal Bank of Canada raised their target price on Palo Alto Networks to $420.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a report on Monday, January 29th. Mizuho decreased their price objective on Palo Alto Networks from $405.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, February 21st. Needham & Company LLC reaffirmed a “buy” rating and issued a $345.00 price target on shares of Palo Alto Networks in a research note on Wednesday, February 21st. Finally, Sanford C. Bernstein started coverage on Palo Alto Networks in a research report on Thursday, January 18th. They issued an “outperform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $314.82.

Palo Alto Networks Stock Down 0.1 %

Shares of Palo Alto Networks stock traded down $0.20 during trading on Tuesday, reaching $271.95. The company’s stock had a trading volume of 779,770 shares, compared to its average volume of 5,611,331. The company has a market cap of $87.87 billion, a price-to-earnings ratio of 42.52, a P/E/G ratio of 3.80 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. The company has a 50-day simple moving average of $302.23 and a two-hundred day simple moving average of $289.99.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.22. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 2.76 earnings per share for the current year.

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.