Banque Transatlantique SA Has $67.49 Million Holdings in Palo Alto Networks, Inc. $PANW

Banque Transatlantique SA lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 173.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 331,426 shares of the network technology company’s stock after acquiring an additional 210,098 shares during the quarter. Palo Alto Networks makes up approximately 1.6% of Banque Transatlantique SA’s holdings, making the stock its 14th largest holding. Banque Transatlantique SA’s holdings in Palo Alto Networks were worth $67,486,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC increased its stake in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares in the last quarter. Bison Wealth LLC grew its holdings in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in Palo Alto Networks by 66.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after acquiring an additional 1,389 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Palo Alto Networks by 9.3% in the second quarter. PNC Financial Services Group Inc. now owns 242,851 shares of the network technology company’s stock worth $49,697,000 after acquiring an additional 20,649 shares during the last quarter. Finally, Capital Investment Counsel Inc bought a new position in shares of Palo Alto Networks in the second quarter worth about $222,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

PANW stock opened at $167.01 on Friday. The business’s fifty day moving average price is $169.84 and its two-hundred day moving average price is $189.47. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $223.61. The stock has a market capitalization of $136.28 billion, a price-to-earnings ratio of 92.27, a PEG ratio of 6.07 and a beta of 0.78.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue was up 14.9% on a year-over-year basis. Research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Lee Klarich sold 120,768 shares of the stock in a transaction dated Thursday, January 8th. The shares were sold at an average price of $191.03, for a total transaction of $23,070,311.04. Following the sale, the executive vice president directly owned 298,887 shares in the company, valued at $57,096,383.61. This represents a 28.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Goetz sold 22,684 shares of the business’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $164.41, for a total transaction of $3,729,476.44. Following the completion of the transaction, the director owned 52,500 shares of the company’s stock, valued at $8,631,525. The trade was a 30.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 149,252 shares of company stock valued at $27,888,535. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

PANW has been the topic of several research analyst reports. UBS Group set a $183.00 price target on shares of Palo Alto Networks in a research note on Thursday, February 19th. Arete Research raised Palo Alto Networks from a “sell” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, March 3rd. Northland Securities increased their price objective on Palo Alto Networks from $177.00 to $190.00 and gave the company a “market perform” rating in a research report on Thursday, November 20th. DA Davidson set a $190.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, HSBC dropped their target price on Palo Alto Networks from $157.00 to $114.00 in a research report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $210.19.

About Palo Alto Networks

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.