Mosley Wealth Management Buys New Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Mosley Wealth Management bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 745 shares of the network technology company’s stock, valued at approximately $220,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its position in Palo Alto Networks by 1.2% in the 3rd quarter. Vanguard Group Inc. now owns 26,511,732 shares of the network technology company’s stock worth $6,215,410,000 after purchasing an additional 304,272 shares during the last quarter. Norges Bank acquired a new stake in shares of Palo Alto Networks during the 4th quarter valued at about $1,563,020,000. Northern Trust Corp boosted its position in shares of 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 acquiring an additional 86,995 shares in the last quarter. Clearbridge Investments LLC boosted its position in shares of Palo Alto Networks by 1.0% during the 4th quarter. Clearbridge Investments LLC now owns 3,136,547 shares of the network technology company’s stock valued at $924,905,000 after acquiring an additional 30,013 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of 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 acquiring an additional 1,187,915 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on PANW shares. Rosenblatt Securities downgraded shares of Palo Alto Networks from a “buy” rating to a “neutral” rating and cut their price target for the company from $290.00 to $265.00 in a report on Wednesday, February 21st. Royal Bank of Canada cut their price target on shares of Palo Alto Networks from $365.00 to $360.00 and set an “outperform” rating for the company in a report on Tuesday, May 21st. Daiwa America raised shares of Palo Alto Networks to a “strong-buy” rating in a report on Wednesday, May 29th. 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 for the company. in a research note on Wednesday, February 21st. Finally, Daiwa Capital Markets assumed coverage on shares of Palo Alto Networks in a research note on Wednesday, May 29th. They issued an “outperform” rating and a $350.00 target price for the company. Twelve analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $322.78.

Read Our Latest Report on Palo Alto Networks

Palo Alto Networks Trading Down 0.2 %

NASDAQ PANW opened at $301.20 on Monday. The firm’s fifty day moving average price is $293.53 and its two-hundred day moving average price is $303.77. Palo Alto Networks, Inc. has a 1 year low of $201.17 and a 1 year high of $380.84. The firm has a market capitalization of $97.53 billion, a P/E ratio of 43.88, a price-to-earnings-growth ratio of 4.65 and a beta of 1.11.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last posted its quarterly earnings results on Monday, May 20th. The network technology company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.25 by $0.07. The firm had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a net margin of 31.42% and a return on equity of 32.74%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 earnings per share. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.94 EPS for the current fiscal year.

Insider Activity

In related news, EVP Nir Zuk sold 36,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $288.24, for a total value of $10,376,640.00. Following the transaction, the executive vice president now directly owns 1,295,567 shares in the company, valued at $373,434,232.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President William D. Jenkins, Jr. sold 1,621 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $306.92, for a total value of $497,517.32. Following the transaction, the president now directly owns 20,501 shares in the company, valued at $6,292,166.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Nir Zuk sold 36,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $288.24, for a total transaction of $10,376,640.00. Following the sale, the executive vice president now owns 1,295,567 shares in the company, valued at $373,434,232.08. The disclosure for this sale can be found here. Insiders have sold 254,897 shares of company stock valued at $73,850,007 over the last ninety days. 3.30% of the stock is currently owned by company insiders.

Palo Alto Networks Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Palo Alto Networks (NASDAQ:PANW)

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