Vinva Investment Management Ltd Buys 1,739 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Vinva Investment Management Ltd grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 20.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,130 shares of the network technology company’s stock after buying an additional 1,739 shares during the quarter. Vinva Investment Management Ltd’s holdings in Palo Alto Networks were worth $1,866,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Tradewinds LLC. grew its stake in shares of Palo Alto Networks by 1.2% during the third quarter. Tradewinds LLC. now owns 2,315 shares of the network technology company’s stock valued at $791,000 after buying an additional 28 shares during the last quarter. First Dallas Securities Inc. grew its stake in shares of Palo Alto Networks by 1.4% during the third quarter. First Dallas Securities Inc. now owns 2,130 shares of the network technology company’s stock valued at $728,000 after buying an additional 30 shares during the last quarter. RB Capital Management LLC boosted its holdings in shares of Palo Alto Networks by 1.5% during the third quarter. RB Capital Management LLC now owns 2,492 shares of the network technology company’s stock worth $852,000 after purchasing an additional 36 shares during the period. Principal Street Partners LLC boosted its holdings in shares of Palo Alto Networks by 1.7% during the third quarter. Principal Street Partners LLC now owns 2,321 shares of the network technology company’s stock worth $792,000 after purchasing an additional 38 shares during the period. Finally, Sunbelt Securities Inc. boosted its holdings in shares of Palo Alto Networks by 2.2% during the third quarter. Sunbelt Securities Inc. now owns 1,977 shares of the network technology company’s stock worth $676,000 after purchasing an additional 42 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Down 1.9 %

NASDAQ:PANW opened at $184.01 on Friday. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The company has a market cap of $121.83 billion, a PE ratio of 103.67, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. The company has a 50 day simple moving average of $186.41 and a two-hundred day simple moving average of $185.00.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Nikesh Arora sold 235,492 shares of Palo Alto Networks stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the transaction, the chief executive officer now owns 1,086,404 shares in the company, valued at $199,159,581.28. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock worth $204,315,811 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Westpark Capital reiterated a “hold” rating and set a $196.40 target price on shares of Palo Alto Networks in a report on Wednesday, February 12th. Evercore ISI dropped their target price on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a report on Tuesday, December 31st. Morgan Stanley assumed coverage on shares of Palo Alto Networks in a report on Tuesday. They set an “overweight” rating for the company. Piper Sandler increased their target price on shares of Palo Alto Networks from $165.00 to $192.50 and gave the stock a “neutral” rating in a report on Thursday, November 21st. Finally, Susquehanna increased their target price on shares of Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a report on Tuesday, February 18th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $205.06.

Palo Alto Networks 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.