NBW Capital LLC Has $9.07 Million Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

NBW Capital LLC lessened its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 30,745 shares of the network technology company’s stock after selling 525 shares during the period. Palo Alto Networks comprises approximately 2.0% of NBW Capital LLC’s investment portfolio, making the stock its 10th largest holding. NBW Capital LLC’s holdings in Palo Alto Networks were worth $9,066,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Covestor Ltd lifted its stake in Palo Alto Networks by 61.8% in the 1st quarter. Covestor Ltd now owns 55 shares of the network technology company’s stock valued at $35,000 after purchasing an additional 21 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in Palo Alto Networks by 0.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,961 shares of the network technology company’s stock valued at $1,843,000 after acquiring an additional 23 shares during the period. Brighton Jones LLC lifted its position in Palo Alto Networks by 6.5% during the first quarter. Brighton Jones LLC now owns 425 shares of the network technology company’s stock worth $265,000 after acquiring an additional 26 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Palo Alto Networks by 6.4% during the first quarter. Penserra Capital Management LLC now owns 452 shares of the network technology company’s stock worth $281,000 after acquiring an additional 27 shares during the period. Finally, MV Capital Management Inc. grew its position in shares of Palo Alto Networks by 37.2% in the fourth quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 29 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PANW has been the subject of several research reports. Loop Capital cut Palo Alto Networks from a “buy” rating to a “hold” rating and set a $300.00 price target for the company. in a report on Wednesday, February 21st. Susquehanna reduced their target price on shares of Palo Alto Networks from $400.00 to $325.00 and set a “positive” rating for the company in a research report on Monday, February 26th. Northland Securities lowered shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and set a $275.00 price target on the stock. in a research report on Wednesday, February 21st. Redburn Atlantic lifted their price objective 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. Finally, BMO Capital Markets decreased their target price on shares of Palo Alto Networks from $378.00 to $327.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 21st. Eleven analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $314.82.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock traded up $3.04 during trading on Thursday, hitting $280.37. The company’s stock had a trading volume of 1,999,750 shares, compared to its average volume of 5,570,967. The stock has a market cap of $90.59 billion, a price-to-earnings ratio of 44.04, a price-to-earnings-growth ratio of 3.75 and a beta of 1.19. Palo Alto Networks, Inc. has a 52 week low of $176.30 and a 52 week high of $380.84. The stock has a 50-day moving average price of $299.16 and a two-hundred day moving average price of $290.18.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, beating 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 firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. On average, equities analysts predict that Palo Alto Networks, Inc. will post 2.76 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 60,000 shares of the business’s stock in a transaction that occurred 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 owns 174,075 shares in the company, valued at approximately $46,659,063. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 stock was sold at an average price of $280.13, for a total transaction of $523,002.71. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lee Klarich sold 60,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $268.04, for a total value of $16,082,400.00. Following the completion of the sale, the executive vice president now owns 174,075 shares of the company’s stock, valued at $46,659,063. 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 currently owned by company 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.