Schroder Investment Management Group Has $299.03 Million Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Schroder Investment Management Group cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) by 8.4% in the 4th quarter, HoldingsChannel reports. The fund owned 1,014,083 shares of the network technology company’s stock after selling 92,650 shares during the quarter. Schroder Investment Management Group’s holdings in Palo Alto Networks were worth $299,033,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in PANW. Frank Rimerman Advisors LLC bought a new stake in Palo Alto Networks in the 4th quarter valued at $27,000. Webster Bank N. A. raised its holdings in Palo Alto Networks by 607.1% in the 4th quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 85 shares in the last quarter. Cedar Mountain Advisors LLC grew its stake in Palo Alto Networks by 87.0% during the fourth quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company’s stock worth $30,000 after buying an additional 47 shares in the last quarter. MV Capital Management Inc. boosted its holdings in shares of Palo Alto Networks by 37.2% during the 4th quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock valued at $32,000 after acquiring an additional 29 shares in the last quarter. Finally, First United Bank & Trust bought a new stake in Palo Alto Networks during the 4th quarter worth $35,000. Institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on PANW shares. Redburn Atlantic boosted their price target on Palo Alto Networks from $275.00 to $350.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Barclays dropped 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 note on Wednesday, February 21st. Argus increased their price objective on Palo Alto Networks from $336.00 to $348.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. BMO Capital Markets lifted their target price on Palo Alto Networks from $327.00 to $334.00 and gave the stock an “outperform” rating in a report on Tuesday, May 21st. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, March 13th. Twelve investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $322.78.

Check Out Our Latest Research Report on PANW

Palo Alto Networks Trading Up 2.0 %

Shares of NASDAQ:PANW traded up $5.97 during midday trading on Friday, reaching $301.90. The company had a trading volume of 2,607,990 shares, compared to its average volume of 4,158,714. The stock has a market cap of $97.76 billion, a P/E ratio of 43.88, a P/E/G ratio of 4.55 and a beta of 1.10. The company’s 50 day moving average price is $293.53 and its 200 day moving average price is $303.21. Palo Alto Networks, Inc. has a 52-week low of $201.17 and a 52-week high of $380.84.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last announced its quarterly earnings data on Monday, May 20th. The network technology company reported $1.32 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. Palo Alto Networks’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Research analysts forecast that Palo Alto Networks, Inc. will post 2.94 EPS 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 stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $284.33, for a total value of $17,059,800.00. Following the sale, the executive vice president now directly owns 198,105 shares of the company’s stock, valued at $56,327,194.65. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, EVP Nir Zuk sold 36,000 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $293.31, for a total transaction of $10,559,160.00. Following the completion of the transaction, the executive vice president now directly owns 1,259,567 shares in the company, valued at $369,443,596.77. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Lee Klarich sold 60,000 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $284.33, for a total value 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. Insiders have sold 314,897 shares of company stock valued at $90,909,807 in the last 90 days. 3.30% of the stock is currently owned by company insiders.

Palo Alto Networks 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.

See Also

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANWFree Report).

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

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