Signaturefd LLC Has $2.33 Million Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Signaturefd LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 88.4% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 12,778 shares of the network technology company’s stock after buying an additional 5,994 shares during the period. Signaturefd LLC’s holdings in Palo Alto Networks were worth $2,325,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PANW. SJS Investment Consulting Inc. lifted its holdings in shares of Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after acquiring an additional 69 shares during the period. Valued Wealth Advisors LLC lifted its holdings in Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 101 shares during the last quarter. Abound Wealth Management boosted its position in Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in Palo Alto Networks by 265.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC increased its holdings in shares of Palo Alto Networks by 102.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock worth $28,000 after buying an additional 79 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $185.00 on Tuesday. The stock has a market cap of $122.49 billion, a price-to-earnings ratio of 104.23, a PEG ratio of 5.64 and a beta of 1.04. The business has a 50 day simple moving average of $185.74 and a 200 day simple moving average of $184.97. Palo Alto Networks, Inc. has a 52-week low of $132.50 and a 52-week high of $208.39.

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

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 47,976 shares of the company’s stock, 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 Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nikesh Arora sold 176,242 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the completion of the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $195,596,176.16. This represents a 13.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock valued at $204,315,811 in the last 90 days. 2.50% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. BTIG Research downgraded Palo Alto Networks from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. Northland Securities reaffirmed a “market perform” rating and issued a $185.00 price target (up from $175.00) on shares of Palo Alto Networks in a report on Thursday, November 21st. Royal Bank of Canada reissued an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a report on Monday, February 10th. Jefferies Financial Group raised their price objective on shares of Palo Alto Networks from $225.00 to $240.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Bank of America upped their target price on shares of Palo Alto Networks from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.