Palo Alto Networks, Inc. $PANW Stock Holdings Raised by MGO One Seven LLC

MGO One Seven LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,819 shares of the network technology company’s stock after purchasing an additional 2,758 shares during the period. MGO One Seven LLC’s holdings in Palo Alto Networks were worth $10,755,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of PANW. Meeder Asset Management Inc. lifted its holdings in Palo Alto Networks by 30.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 451 shares of the network technology company’s stock worth $92,000 after buying an additional 106 shares during the last quarter. Citizens Financial Group Inc. RI raised its position in shares of Palo Alto Networks by 5.3% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 42,038 shares of the network technology company’s stock valued at $8,560,000 after acquiring an additional 2,124 shares in the last quarter. Tema Etfs LLC bought a new position in Palo Alto Networks during the third quarter worth $2,132,000. Evergreen Private Wealth LLC boosted its holdings in Palo Alto Networks by 7.3% in the third quarter. Evergreen Private Wealth LLC now owns 1,257 shares of the network technology company’s stock worth $256,000 after purchasing an additional 85 shares during the period. Finally, Bristlecone Advisors LLC increased its stake in Palo Alto Networks by 10.4% during the third quarter. Bristlecone Advisors LLC now owns 2,208 shares of the network technology company’s stock valued at $450,000 after purchasing an additional 208 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on PANW shares. Piper Sandler restated an “overweight” rating and issued a $265.00 price target (up from $230.00) on shares of Palo Alto Networks in a research report on Monday, January 5th. Stephens lifted their target price on Palo Alto Networks from $205.00 to $215.00 and gave the company an “equal weight” rating in a research note on Thursday, November 20th. UBS Group reaffirmed a “neutral” rating and set a $220.00 target price (down from $230.00) on shares of Palo Alto Networks in a report on Thursday, November 20th. JMP Securities raised their price target on Palo Alto Networks from $212.00 to $250.00 and gave the stock a “market outperform” rating in a report on Monday, October 27th. Finally, Sanford C. Bernstein upped their price objective on Palo Alto Networks from $207.00 to $210.00 and gave the stock an “outperform” rating in a research note on Thursday, November 20th. Thirty-one equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $227.99.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total value of $940,900.00. Following the sale, the executive vice president directly owned 155,119 shares in the company, valued at approximately $29,190,293.42. The trade was a 3.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $191.91, for a total transaction of $23,177,738.34. Following the transaction, the executive vice president owned 327,645 shares of the company’s stock, valued at approximately $62,878,351.95. This trade represents a 26.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 261,248 shares of company stock valued at $53,316,149. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $189.02 on Monday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $223.61. The firm has a market capitalization of $131.75 billion, a PE ratio of 119.63, a price-to-earnings-growth ratio of 4.51 and a beta of 0.76. The stock has a fifty day moving average of $193.84 and a two-hundred day moving average of $196.05.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Thursday, November 20th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same quarter in the prior year, the firm posted $1.56 EPS. Palo Alto Networks’s revenue was up 15.7% compared to the same quarter last year. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.