F m Investments LLC Has $32.24 Million Holdings in Palo Alto Networks, Inc. $PANW

F m Investments LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 175,043 shares of the network technology company’s stock after selling 4,536 shares during the quarter. Palo Alto Networks comprises approximately 1.2% of F m Investments LLC’s investment portfolio, making the stock its 13th biggest position. F m Investments LLC’s holdings in Palo Alto Networks were worth $32,243,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Klingman & Associates LLC grew its position in shares of Palo Alto Networks by 2.2% in the third quarter. Klingman & Associates LLC now owns 2,131 shares of the network technology company’s stock valued at $434,000 after purchasing an additional 46 shares during the last quarter. PTM Wealth Management LLC grew its position in shares of Palo Alto Networks by 4.0% in the third quarter. PTM Wealth Management LLC now owns 1,300 shares of the network technology company’s stock valued at $276,000 after purchasing an additional 50 shares during the last quarter. Arlington Trust Co LLC grew its position in shares of Palo Alto Networks by 4.8% in the third quarter. Arlington Trust Co LLC now owns 1,088 shares of the network technology company’s stock valued at $222,000 after purchasing an additional 50 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its position in shares of Palo Alto Networks by 39.7% in the third quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter. Finally, Harold Davidson & Associates Inc. grew its position in shares of Palo Alto Networks by 5.0% in the third quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock valued at $215,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of PANW opened at $207.88 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $223.61. The stock has a market capitalization of $169.63 billion, a price-to-earnings ratio of 114.85, a PEG ratio of 7.09 and a beta of 0.77. The stock has a fifty day moving average of $166.05 and a 200-day moving average of $180.61.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.Palo Alto Networks’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, equities analysts forecast that Palo Alto Networks, Inc. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of several research reports. Sanford C. Bernstein set a $209.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, February 18th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Palo Alto Networks in a research report on Wednesday, February 18th. New Street Research decreased their target price on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Thursday, February 19th. Barclays set a $200.00 target price on Palo Alto Networks and gave the company an “overweight” rating in a research report on Monday, February 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $220.00 target price on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $211.64.

Insider Activity

In other news, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $161.40, for a total transaction of $177,540.00. Following the transaction, the chief accounting officer owned 83,136 shares of the company’s stock, valued at $13,418,150.40. This represents 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, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the sale, the executive vice president owned 150,250 shares of the company’s stock, valued at approximately $24,103,105. This represents a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 30,356 shares of company stock worth $4,981,575. 1.40% of the stock is owned by insiders.

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.