Caldwell Trust Co Makes New Investment in Palo Alto Networks, Inc. $PANW

Caldwell Trust Co bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,989 shares of the network technology company’s stock, valued at approximately $3,067,000.

Several other institutional investors have also made changes to their positions in PANW. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks in the second quarter worth $25,000. Whipplewood Advisors LLC lifted its position in shares of Palo Alto Networks by 6,400.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after buying an additional 128 shares during the last quarter. Briaud Financial Planning Inc acquired a new stake in Palo Alto Networks in the second quarter valued at about $28,000. Howard Hughes Medical Institute acquired a new position in Palo Alto Networks during the second quarter worth about $29,000. Finally, MTM Investment Management LLC bought a new position in shares of Palo Alto Networks in the second quarter worth about $31,000. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction on Monday, December 1st. The shares were sold at an average price of $189.39, for a total value of $132,573.00. Following the transaction, the chief accounting officer owned 46,805 shares in the company, valued at $8,864,398.95. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,228,330 shares of company stock valued at $251,702,305 over the last three months. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PANW shares. Rosenblatt Securities lifted their price target on shares of Palo Alto Networks from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. Northland Securities increased their price target on Palo Alto Networks from $177.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 20th. BMO Capital Markets boosted their price objective on Palo Alto Networks from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Sanford C. Bernstein increased their target price on Palo Alto Networks from $207.00 to $210.00 and gave the company an “outperform” rating in a research report on Thursday, November 20th. Finally, Robert W. Baird lifted their price target on Palo Alto Networks from $230.00 to $240.00 and gave the company an “outperform” rating in a research note on Friday, November 14th. Thirty research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $225.09.

Palo Alto Networks Trading Up 0.7%

Shares of PANW stock opened at $191.69 on Monday. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61. The stock has a market cap of $133.61 billion, a price-to-earnings ratio of 121.32, a PEG ratio of 4.54 and a beta of 0.79. The stock has a 50-day moving average of $204.67 and a 200-day moving average of $197.58.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Thursday, November 20th. The network technology company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.89 by $0.04. Palo Alto Networks had a return on equity of 17.05% and a net margin of 11.69%.The business had revenue of $2.47 billion for the quarter, compared to analysts’ expectations of $2.46 billion. During the same period in the prior year, the business posted $1.56 earnings per share. The firm’s revenue was up 15.7% on a year-over-year basis. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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.