Rothschild Investment LLC Sells 7,322 Shares of Palo Alto Networks, Inc. $PANW

Rothschild Investment LLC trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,442 shares of the network technology company’s stock after selling 7,322 shares during the period. Palo Alto Networks makes up approximately 1.0% of Rothschild Investment LLC’s holdings, making the stock its 22nd largest holding. Rothschild Investment LLC’s holdings in Palo Alto Networks were worth $15,848,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. St. Clair Advisors LLC increased its position in shares of Palo Alto Networks by 0.3% during the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock valued at $3,233,000 after purchasing an additional 50 shares during the period. Astoria Portfolio Advisors LLC. boosted its stake in Palo Alto Networks by 2.1% during the second quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock worth $496,000 after buying an additional 50 shares in the last quarter. Csenge Advisory Group boosted its stake in Palo Alto Networks by 2.4% during the first quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock worth $381,000 after buying an additional 53 shares in the last quarter. TFG Advisers LLC lifted its holdings in shares of Palo Alto Networks by 1.1% during the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock worth $955,000 after acquiring an additional 53 shares during the period. Finally, GSG Advisors LLC boosted its position in shares of Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock valued at $2,154,000 after acquiring an additional 54 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of several recent research reports. BTIG Research reissued a “buy” rating and issued a $248.00 price target on shares of Palo Alto Networks in a research report on Monday. Rosenblatt Securities dropped their target price on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, August 14th. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Wedbush reiterated an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a research report on Monday, September 15th. Finally, Guggenheim increased their price objective on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research note on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $221.91.

Palo Alto Networks Stock Performance

Shares of PANW opened at $205.25 on Monday. The company has a market cap of $140.39 billion, a price-to-earnings ratio of 127.88, a PEG ratio of 4.88 and a beta of 0.95. The stock has a fifty day moving average price of $209.07 and a two-hundred day moving average price of $197.21. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period last year, the company posted $0.75 earnings per share. As a group, research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the sale, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $219.97, for a total value of $153,979.00. Following the transaction, the chief accounting officer directly owned 47,505 shares in the company, valued at $10,449,674.85. This trade represents a 1.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,215,830 shares of company stock worth $249,160,428 in the last quarter. 1.40% of the stock is owned by corporate insiders.

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.