774 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Bought by Epic Trust Investment Advisors LLC

Epic Trust Investment Advisors LLC purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 774 shares of the network technology company’s stock, valued at approximately $228,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. First Pacific Financial raised its stake in Palo Alto Networks by 421.7% during the 3rd quarter. First Pacific Financial now owns 120 shares of the network technology company’s stock worth $28,000 after buying an additional 97 shares during the period. Webster Bank N. A. raised its stake in Palo Alto Networks by 607.1% in the fourth quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock valued at $29,000 after buying an additional 85 shares during the period. Cedar Mountain Advisors LLC increased its holdings in shares of Palo Alto Networks by 87.0% during the 4th quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company’s stock worth $30,000 after acquiring an additional 47 shares during the last quarter. Byrne Asset Management LLC raised its stake in Palo Alto Networks by 277.8% in the 3rd quarter. Byrne Asset Management LLC now owns 136 shares of the network technology company’s stock valued at $32,000 after acquiring an additional 100 shares during the period. Finally, MV Capital Management Inc. boosted its holdings in shares of Palo Alto Networks by 37.2% during the 4th quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock worth $32,000 after buying an additional 29 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 0.3 %

PANW traded down $0.80 on Tuesday, hitting $292.61. The company had a trading volume of 2,394,120 shares, compared to its average volume of 5,355,582. The company has a market cap of $94.54 billion, a PE ratio of 46.00, a PEG ratio of 3.96 and a beta of 1.19. The business’s fifty day simple moving average is $286.15 and its 200 day simple moving average is $292.81. Palo Alto Networks, Inc. has a 12-month low of $176.30 and a 12-month high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results 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. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on PANW. Truist Financial increased their price target on Palo Alto Networks from $330.00 to $385.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. Oppenheimer boosted their target price on shares of Palo Alto Networks from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, April 17th. Loop Capital downgraded shares of Palo Alto Networks from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a research report on Wednesday, February 21st. Citigroup lifted their target price on Palo Alto Networks from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Scotiabank lowered their price objective on shares of Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating for the company in a research report on Wednesday, February 21st. Eleven research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $314.82.

Insider Buying and Selling at Palo Alto Networks

In other news, President William D. Jenkins, Jr. sold 1,867 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $280.13, for a total value of $523,002.71. Following the sale, the president now owns 25,812 shares in the company, valued at $7,230,715.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Josh D. Paul sold 1,050 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the completion of the sale, the chief accounting officer now owns 27,247 shares in the company, valued at approximately $7,629,160. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President William D. Jenkins, Jr. sold 1,867 shares of the stock in a transaction on Friday, February 23rd. The stock was 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 approximately $7,230,715.56. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 122,917 shares of company stock valued at $33,959,203. 3.30% of the stock is currently owned by insiders.

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.