Bordeaux Wealth Advisors LLC Takes Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Bordeaux Wealth Advisors LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 965 shares of the network technology company’s stock, valued at approximately $285,000.

Other large investors have also bought and sold shares of the company. GSG Advisors LLC boosted its stake in shares of Palo Alto Networks by 1.0% in the 4th quarter. GSG Advisors LLC now owns 5,160 shares of the network technology company’s stock valued at $1,478,000 after purchasing an additional 51 shares in the last quarter. Spirit of America Management Corp NY lifted its stake in Palo Alto Networks by 50.0% in the 4th quarter. Spirit of America Management Corp NY now owns 300 shares of the network technology company’s stock valued at $88,000 after purchasing an additional 100 shares during the last quarter. Oliver Lagore Vanvalin Investment Group boosted its position in Palo Alto Networks by 46.4% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 4,178 shares of the network technology company’s stock valued at $1,232,000 after buying an additional 1,325 shares in the last quarter. Truist Financial Corp grew its stake in shares of Palo Alto Networks by 148.9% during the third quarter. Truist Financial Corp now owns 189,801 shares of the network technology company’s stock worth $44,497,000 after buying an additional 113,534 shares during the last quarter. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Palo Alto Networks by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 137,104 shares of the network technology company’s stock worth $32,143,000 after buying an additional 735 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

PANW traded up $0.89 during midday trading on Friday, reaching $296.21. 3,436,945 shares of the company were exchanged, compared to its average volume of 5,292,921. The company’s fifty day moving average price is $285.70 and its 200 day moving average price is $293.01. Palo Alto Networks, Inc. has a one year low of $177.09 and a one year high of $380.84. The company has a market cap of $95.71 billion, a price-to-earnings ratio of 46.28, a price-to-earnings-growth ratio of 3.91 and a beta of 1.18.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, February 20th. The network technology company reported $0.80 earnings per share (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 firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.77 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Lee Klarich sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $284.33, for a total value of $17,059,800.00. Following the transaction, the executive vice president now owns 198,105 shares in the company, valued at approximately $56,327,194.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Josh D. Paul sold 1,050 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the completion of the sale, the chief accounting officer now owns 27,247 shares in the company, valued at $7,629,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Klarich sold 60,000 shares of Palo Alto Networks stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $284.33, for a total transaction of $17,059,800.00. Following the completion of the sale, the executive vice president now directly owns 198,105 shares in the company, valued at approximately $56,327,194.65. The disclosure for this sale can be found here. In the last 90 days, insiders sold 158,917 shares of company stock worth $44,335,843. Insiders own 3.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PANW shares. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research report on Monday, January 29th. KeyCorp dropped their price objective on shares of Palo Alto Networks from $380.00 to $355.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. Needham & Company LLC reiterated a “buy” rating and set a $345.00 target price on shares of Palo Alto Networks in a research report on Wednesday, February 21st. Barclays decreased their price target on shares of Palo Alto Networks from $400.00 to $345.00 and set an “overweight” rating for the company in a research report on Wednesday, February 21st. Finally, Evercore ISI lifted their price target on shares of Palo Alto Networks from $315.00 to $405.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Eleven analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $314.82.

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.