Dynamic Advisor Solutions LLC Has $5.33 Million Holdings in Palo Alto Networks, Inc. $PANW

Dynamic Advisor Solutions LLC trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 15.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,911 shares of the network technology company’s stock after selling 5,439 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in Palo Alto Networks were worth $5,325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of PANW. Exchange Traded Concepts LLC boosted its holdings in Palo Alto Networks by 29.4% during the third quarter. Exchange Traded Concepts LLC now owns 32,155 shares of the network technology company’s stock worth $6,547,000 after purchasing an additional 7,301 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in Palo Alto Networks in the 3rd quarter valued at $75,412,000. American Century Companies Inc. increased its stake in Palo Alto Networks by 134.1% in the 3rd quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock valued at $136,859,000 after buying an additional 384,985 shares during the last quarter. US Bancorp DE lifted its position in Palo Alto Networks by 0.6% during the 3rd quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock worth $277,828,000 after buying an additional 8,344 shares in the last quarter. Finally, Silver Oak Securities Incorporated lifted its position in Palo Alto Networks by 240.1% during the 3rd quarter. Silver Oak Securities Incorporated now owns 11,732 shares of the network technology company’s stock worth $2,389,000 after buying an additional 8,282 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PANW. Wells Fargo & Company initiated coverage on Palo Alto Networks in a report on Tuesday, March 3rd. They issued an “overweight” rating and a $200.00 price objective for the company. Robert W. Baird set a $220.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, February 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Palo Alto Networks in a research report on Monday, December 29th. New Street Research decreased their price target on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a research note on Thursday, February 19th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $225.00 price target 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-four have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.19.

Palo Alto Networks Stock Performance

PANW opened at $164.05 on Tuesday. The stock has a fifty day moving average of $167.28 and a 200-day moving average of $188.50. The company has a market capitalization of $133.86 billion, a P/E ratio of 90.64, a P/E/G ratio of 5.88 and a beta of 0.78. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.94 by $0.09. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the company posted $0.81 earnings per share. Palo Alto Networks’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 120,768 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $191.03, for a total value of $23,070,311.04. Following the completion of the sale, the executive vice president directly owned 298,887 shares in the company, valued at approximately $57,096,383.61. The trade was a 28.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Josh D. Paul sold 800 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $184.81, for a total value of $147,848.00. Following the completion of the sale, the chief accounting officer owned 46,005 shares of the company’s stock, valued at approximately $8,502,184.05. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 144,252 shares of company stock worth $26,947,635 in the last quarter. Corporate insiders own 1.40% of the company’s stock.

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.