Ewa LLC Invests $198,000 in Palo Alto Networks, Inc. (NASDAQ:PANW)

Ewa LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 673 shares of the network technology company’s stock, valued at approximately $198,000.

Several other institutional investors have also recently made changes to their positions in PANW. Vanguard Group Inc. lifted its holdings in Palo Alto Networks by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 26,511,732 shares of the network technology company’s stock valued at $6,215,410,000 after buying an additional 304,272 shares in the last quarter. Northern Trust Corp increased its position in Palo Alto Networks by 2.6% during the 3rd quarter. Northern Trust Corp now owns 3,430,299 shares of the network technology company’s stock valued at $804,199,000 after purchasing an additional 86,995 shares during the period. Jennison Associates LLC increased its position in Palo Alto Networks by 83.1% during the 4th quarter. Jennison Associates LLC now owns 2,616,803 shares of the network technology company’s stock valued at $771,643,000 after purchasing an additional 1,187,915 shares during the period. International Assets Investment Management LLC increased its position in Palo Alto Networks by 29,086.9% during the 4th quarter. International Assets Investment Management LLC now owns 2,057,968 shares of the network technology company’s stock valued at $606,854,000 after purchasing an additional 2,050,917 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Palo Alto Networks by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,662,820 shares of the network technology company’s stock valued at $389,832,000 after purchasing an additional 36,859 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 0.7 %

Shares of PANW traded up $2.17 during trading on Monday, reaching $293.59. 2,260,326 shares of the company traded hands, compared to its average volume of 5,383,418. Palo Alto Networks, Inc. has a twelve month low of $176.30 and a twelve month high of $380.84. The stock has a market cap of $94.86 billion, a PE ratio of 45.97, a price-to-earnings-growth ratio of 3.96 and a beta of 1.19. The stock has a 50-day simple moving average of $287.61 and a 200-day simple moving average of $292.58.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, beating 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 business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 2.77 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of Palo Alto Networks from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 17th. Susquehanna dropped their target price on shares of Palo Alto Networks from $400.00 to $325.00 and set a “positive” rating on the stock in a research report on Monday, February 26th. Barclays dropped their target price on shares of Palo Alto Networks from $400.00 to $345.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 21st. Capital One Financial downgraded shares of Palo Alto Networks from an “overweight” rating to an “equal weight” rating and set a $302.00 target price on the stock. in a research report on Wednesday, February 21st. Finally, Citigroup boosted their target price on shares of Palo Alto Networks from $280.00 to $335.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Eleven analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average price target of $314.82.

Insider Buying and Selling

In other Palo Alto Networks news, President William D. Jenkins, Jr. sold 1,867 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $280.13, for a total transaction of $523,002.71. Following the sale, the president now owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Lee Klarich sold 60,000 shares of Palo Alto Networks stock in a transaction on Friday, April 5th. The shares were sold at an average price of $268.04, for a total value of $16,082,400.00. Following the transaction, the executive vice president now directly owns 174,075 shares of the company’s stock, valued at approximately $46,659,063. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President William D. Jenkins, Jr. sold 1,867 shares of Palo Alto Networks stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $280.13, for a total transaction of $523,002.71. Following the completion of the transaction, the president now directly owns 25,812 shares in the company, valued at $7,230,715.56. The disclosure for this sale can be found here. Insiders sold 122,917 shares of company stock worth $33,959,203 over the last 90 days. 3.30% of the stock is owned by insiders.

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.