Dohj LLC Takes Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Dohj LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,380 shares of the network technology company’s stock, valued at approximately $997,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. MV Capital Management Inc. boosted its stake in Palo Alto Networks by 37.2% in the 4th quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock worth $32,000 after purchasing an additional 29 shares in the last quarter. Quent Capital LLC boosted its stake in Palo Alto Networks by 15.9% in the 4th quarter. Quent Capital LLC now owns 233 shares of the network technology company’s stock worth $69,000 after purchasing an additional 32 shares in the last quarter. Parisi Gray Wealth Management boosted its stake in Palo Alto Networks by 2.2% in the 4th quarter. Parisi Gray Wealth Management now owns 1,519 shares of the network technology company’s stock worth $448,000 after purchasing an additional 33 shares in the last quarter. Argonautica Private Wealth Management Inc. boosted its stake in Palo Alto Networks by 2.3% in the 4th quarter. Argonautica Private Wealth Management Inc. now owns 1,527 shares of the network technology company’s stock worth $450,000 after purchasing an additional 34 shares in the last quarter. Finally, Howard Financial Services LTD. boosted its stake in Palo Alto Networks by 3.4% in the 4th quarter. Howard Financial Services LTD. now owns 1,061 shares of the network technology company’s stock worth $313,000 after purchasing an additional 35 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 45,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $343.03, for a total transaction of $15,436,350.00. Following the transaction, the executive vice president now owns 198,105 shares of the company’s stock, valued at approximately $67,955,958.15. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, President William D. Jenkins, Jr. sold 1,867 shares of the business’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $280.13, for a total transaction of $523,002.71. Following the transaction, the president now owns 25,812 shares of the company’s stock, valued at approximately $7,230,715.56. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 45,000 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $343.03, for a total transaction of $15,436,350.00. Following 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. Insiders have sold a total of 167,917 shares of company stock valued at $49,395,553 in the last 90 days. 3.30% of the stock is owned by insiders.

Palo Alto Networks Trading Up 0.9 %

PANW traded up $2.63 on Friday, hitting $291.42. 2,246,512 shares of the company’s stock were exchanged, compared to its average volume of 3,487,617. Palo Alto Networks, Inc. has a fifty-two week low of $176.30 and a fifty-two week high of $380.84. The firm has a 50-day moving average price of $287.61 and a 200-day moving average price of $292.35. The stock has a market cap of $94.16 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 3.96 and a beta of 1.19.

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on PANW shares. Redburn Atlantic lifted their target price on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. Scotiabank lowered their target price on shares of Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating for the company in a research note on Wednesday, February 21st. Needham & Company LLC reissued a “buy” rating and set a $345.00 price target on shares of Palo Alto Networks in a research report on Wednesday, February 21st. Capital One Financial lowered shares of Palo Alto Networks from an “overweight” rating to an “equal weight” rating and set a $302.00 price target for the company. in a research report on Wednesday, February 21st. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 price target on shares of Palo Alto Networks in a research report on Wednesday, April 17th. Eleven investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $314.82.

Palo Alto Networks Profile

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.