Foundations Investment Advisors LLC Grows Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Foundations Investment Advisors LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) by 44.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,910 shares of the network technology company’s stock after purchasing an additional 4,262 shares during the period. Foundations Investment Advisors LLC’s holdings in Palo Alto Networks were worth $4,102,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. GSG Advisors LLC increased its stake in 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 buying an additional 51 shares during the period. Spirit of America Management Corp NY increased its stake in shares of Palo Alto Networks by 50.0% during the fourth quarter. Spirit of America Management Corp NY now owns 300 shares of the network technology company’s stock worth $88,000 after acquiring an additional 100 shares during the period. Vanguard Personalized Indexing Management LLC raised its holdings in Palo Alto Networks by 9.9% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,726 shares of the network technology company’s stock worth $7,291,000 after purchasing an additional 2,225 shares in the last quarter. Oliver Lagore Vanvalin Investment Group lifted 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 purchasing an additional 1,325 shares during the period. Finally, Truist Financial Corp boosted its holdings in Palo Alto Networks by 148.9% in the 3rd quarter. Truist Financial Corp now owns 189,801 shares of the network technology company’s stock valued at $44,497,000 after purchasing an additional 113,534 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PANW. Morgan Stanley reissued an “overweight” rating and issued a $360.00 price target on shares of Palo Alto Networks in a report on Wednesday. KeyCorp lowered their price target on shares of Palo Alto Networks from $380.00 to $355.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Evercore ISI reduced their price objective on shares of Palo Alto Networks from $405.00 to $385.00 and set an “outperform” rating for the company in a research note on Tuesday. The Goldman Sachs Group boosted their price objective 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, Scotiabank dropped their target price on shares of Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating for the company in a report on Wednesday, February 21st. Eleven analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $315.74.

View Our Latest Stock Analysis on PANW

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW traded up $10.78 during mid-day trading on Wednesday, hitting $312.32. 3,691,570 shares of the company traded hands, compared to its average volume of 5,100,407. The firm has a market cap of $100.91 billion, a P/E ratio of 48.80, a PEG ratio of 4.11 and a beta of 1.18. Palo Alto Networks, Inc. has a 52-week low of $186.75 and a 52-week high of $380.84. The firm’s 50 day simple moving average is $285.36 and its 200 day simple moving average is $296.45.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last posted its earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.98 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.77 EPS for the current fiscal year.

Insider Activity

In related news, President William D. Jenkins, Jr. sold 1,867 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $280.13, for a total value of $523,002.71. Following the completion of the transaction, the president now owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Palo Alto Networks news, President William D. Jenkins, Jr. sold 1,867 shares of the stock in a transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 1,050 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $280.00, for a total transaction of $294,000.00. Following the transaction, the chief accounting officer now directly owns 27,247 shares of the company’s stock, valued at $7,629,160. The disclosure for this sale can be found here. Insiders sold 280,193 shares of company stock worth $80,670,132 over the last ninety days. Corporate insiders own 3.30% of the company’s stock.

Palo Alto Networks Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Palo Alto Networks (NASDAQ:PANW)

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