Indivisible Partners Acquires Shares of 4,775 Palo Alto Networks, Inc. $PANW

Indivisible Partners acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, Holdings Channel reports. The fund acquired 4,775 shares of the network technology company’s stock, valued at approximately $880,000.

Other hedge funds also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in Palo Alto Networks during the second quarter valued at about $25,000. Steph & Co. lifted its stake in Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Winch Advisory Services LLC grew its stake in Palo Alto Networks by 96.1% during the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock valued at $30,000 after acquiring an additional 73 shares in the last quarter. Caitlin John LLC purchased a new position in Palo Alto Networks during the 3rd quarter valued at about $31,000. Finally, Painted Porch Advisors LLC grew its stake in Palo Alto Networks by 72.7% during the 3rd quarter. Painted Porch Advisors LLC now owns 152 shares of the network technology company’s stock valued at $31,000 after acquiring an additional 64 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $161.40, for a total value of $177,540.00. Following the completion of the sale, the chief accounting officer directly owned 83,136 shares in the company, valued at approximately $13,418,150.40. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Goetz sold 22,684 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $164.41, for a total value of $3,729,476.44. Following the completion of the sale, the director owned 52,500 shares of the company’s stock, valued at approximately $8,631,525. This trade represents a 30.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 30,356 shares of company stock worth $4,981,575. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $183.68 on Thursday. The company has a market capitalization of $149.88 billion, a price-to-earnings ratio of 101.48, a PEG ratio of 6.63 and a beta of 0.77. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $223.61. The company’s fifty day moving average price is $164.95 and its two-hundred day moving average price is $180.69.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, topping the consensus estimate of $0.94 by $0.09. The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The business’s quarterly revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.81 earnings per share. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.14 earnings per share for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on Palo Alto Networks from $200.00 to $235.00 and gave the company an “overweight” rating in a research note on Tuesday. Morgan Stanley reissued an “overweight” rating and set a $223.00 price objective (down from $245.00) on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Sanford C. Bernstein set a $209.00 price objective on Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Argus raised Palo Alto Networks to a “strong-buy” rating in a research report on Friday, February 20th. Finally, Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $211.64.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next?generation firewalls as a core on?premises capability, alongside cloud?delivered security services and software for securing public and private clouds.