Hanlon Investment Management Inc. Has $482,000 Stock Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Hanlon Investment Management Inc. lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 119.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,651 shares of the network technology company’s stock after purchasing an additional 1,445 shares during the quarter. Hanlon Investment Management Inc.’s holdings in Palo Alto Networks were worth $482,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. CreativeOne Wealth LLC increased its holdings in Palo Alto Networks by 96.1% in the 4th quarter. CreativeOne Wealth LLC now owns 19,672 shares of the network technology company’s stock valued at $3,580,000 after buying an additional 9,640 shares during the period. Cahaba Wealth Management Inc. boosted its position in shares of Palo Alto Networks by 100.0% during the 4th quarter. Cahaba Wealth Management Inc. now owns 4,280 shares of the network technology company’s stock valued at $779,000 after acquiring an additional 2,140 shares in the last quarter. Mariner LLC increased its stake in Palo Alto Networks by 110.6% in the fourth quarter. Mariner LLC now owns 554,578 shares of the network technology company’s stock valued at $100,932,000 after acquiring an additional 291,219 shares during the period. Menora Mivtachim Holdings LTD. raised its position in Palo Alto Networks by 100.0% in the fourth quarter. Menora Mivtachim Holdings LTD. now owns 279,068 shares of the network technology company’s stock worth $50,779,000 after purchasing an additional 139,534 shares in the last quarter. Finally, Garner Asset Management Corp lifted its stake in Palo Alto Networks by 84.3% during the fourth quarter. Garner Asset Management Corp now owns 11,576 shares of the network technology company’s stock worth $2,106,000 after purchasing an additional 5,295 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Up 0.0 %

Shares of NASDAQ:PANW opened at $168.34 on Monday. The company’s fifty day simple moving average is $182.29 and its 200 day simple moving average is $184.90. The firm has a market cap of $111.46 billion, a price-to-earnings ratio of 94.84, a PEG ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 12 month low of $135.18 and a 12 month high of $208.39.

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

Insider Transactions at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the sale, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of $151.13, for a total value of $18,252,574.62. Following the transaction, the executive vice president now directly owns 321,774 shares of the company’s stock, valued at $48,629,704.62. This trade represents a 27.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 939,318 shares of company stock valued at $165,384,602 over the last 90 days. 2.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PANW. JMP Securities increased their target price on Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Evercore ISI dropped their price objective on Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a research note on Tuesday, December 31st. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $190.00 target price (down previously from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. KeyCorp upped their target price on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Finally, BTIG Research downgraded shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $204.52.

About Palo Alto Networks

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.