Little House Capital LLC Purchases Shares of 2,608 Palo Alto Networks, Inc. (NASDAQ:PANW)

Little House Capital LLC purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 2,608 shares of the network technology company’s stock, valued at approximately $769,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Legacy Capital Wealth Partners LLC purchased a new stake in shares of Palo Alto Networks during the fourth quarter valued at approximately $219,000. Sargent Investment Group LLC boosted its stake in Palo Alto Networks by 28.8% during the 4th quarter. Sargent Investment Group LLC now owns 1,387 shares of the network technology company’s stock valued at $409,000 after acquiring an additional 310 shares during the last quarter. Principle Wealth Partners LLC raised its holdings in shares of Palo Alto Networks by 77.0% during the fourth quarter. Principle Wealth Partners LLC now owns 10,804 shares of the network technology company’s stock worth $3,186,000 after purchasing an additional 4,700 shares during the period. Pursue Wealth Partners LLC raised its holdings in shares of Palo Alto Networks by 8.8% during the fourth quarter. Pursue Wealth Partners LLC now owns 16,921 shares of the network technology company’s stock worth $4,990,000 after purchasing an additional 1,366 shares during the period. Finally, Transcend Capital Advisors LLC raised its holdings in shares of Palo Alto Networks by 8.1% during the fourth quarter. Transcend Capital Advisors LLC now owns 4,919 shares of the network technology company’s stock worth $1,451,000 after purchasing an additional 369 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research reports. Capital One Financial cut shares of Palo Alto Networks from an “overweight” rating to an “equal weight” rating and set a $302.00 target price on the stock. in a report on Wednesday, February 21st. Barclays dropped their target price on shares of Palo Alto Networks from $400.00 to $345.00 and set an “overweight” rating on the stock in a report on Wednesday, February 21st. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 target price on shares of Palo Alto Networks in a report on Wednesday, April 17th. The Goldman Sachs Group increased their target price on shares of Palo Alto Networks from $274.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, Rosenblatt Securities cut shares of Palo Alto Networks from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $290.00 to $265.00 in a report on Wednesday, February 21st. Eleven research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $314.82.

Palo Alto Networks Trading Up 0.9 %

Shares of PANW traded up $2.63 during midday trading on Friday, hitting $291.42. The stock had a trading volume of 2,246,512 shares, compared to its average volume of 3,487,617. Palo Alto Networks, Inc. has a fifty-two week low of $176.30 and a fifty-two week high of $380.84. The business has a 50-day simple moving average of $287.61 and a two-hundred day simple moving average of $292.35. The firm has a market cap of $94.16 billion, a P/E ratio of 45.53, a price-to-earnings-growth ratio of 3.96 and a beta of 1.19.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.58 by $0.22. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. The company had revenue of $1.98 billion during the quarter, compared to analysts’ expectations of $1.97 billion. On average, analysts expect that Palo Alto Networks, Inc. will post 2.77 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, President William D. Jenkins, Jr. sold 1,867 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $280.13, for a total value of $523,002.71. Following the completion of the sale, the president now directly owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Lee Klarich sold 45,000 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $343.03, for a total transaction of $15,436,350.00. Following the transaction, the executive vice president now owns 198,105 shares of the company’s stock, valued at $67,955,958.15. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, President William D. Jenkins, Jr. sold 1,867 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $280.13, for a total transaction of $523,002.71. Following the transaction, the president now directly owns 25,812 shares in the company, valued at approximately $7,230,715.56. The disclosure for this sale can be found here. Insiders sold 167,917 shares of company stock valued at $49,395,553 over the last three months. 3.30% of the stock is owned by corporate insiders.

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.