Vanguard Capital Wealth Advisors Has $568,000 Stock Position in Palo Alto Networks, Inc. $PANW

Vanguard Capital Wealth Advisors reduced its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 60.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,085 shares of the network technology company’s stock after selling 4,650 shares during the period. Vanguard Capital Wealth Advisors’ holdings in Palo Alto Networks were worth $568,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Aberdeen Group plc lifted its position in Palo Alto Networks by 0.4% during the 4th quarter. Aberdeen Group plc now owns 601,775 shares of the network technology company’s stock worth $110,847,000 after acquiring an additional 2,632 shares during the last quarter. Worth Financial Advisory Group LLC grew its position in shares of Palo Alto Networks by 48.4% in the fourth quarter. Worth Financial Advisory Group LLC now owns 8,540 shares of the network technology company’s stock valued at $1,573,000 after purchasing an additional 2,787 shares during the last quarter. Earned Wealth Advisors LLC increased its stake in shares of Palo Alto Networks by 35.0% in the fourth quarter. Earned Wealth Advisors LLC now owns 2,711 shares of the network technology company’s stock worth $499,000 after purchasing an additional 703 shares during the period. YHB Investment Advisors Inc. increased its stake in shares of Palo Alto Networks by 3.9% in the fourth quarter. YHB Investment Advisors Inc. now owns 46,629 shares of the network technology company’s stock worth $8,589,000 after purchasing an additional 1,765 shares during the period. Finally, Mattern Wealth Management LLC lifted its position in shares of Palo Alto Networks by 7.4% during the 4th quarter. Mattern Wealth Management LLC now owns 1,817 shares of the network technology company’s stock worth $335,000 after purchasing an additional 125 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on PANW. UBS Group set a $183.00 target price on Palo Alto Networks in a research note on Thursday, February 19th. Stifel Nicolaus cut their price target on Palo Alto Networks from $200.00 to $185.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Citizens Jmp reissued a “market outperform” rating and issued a $250.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Jefferies Financial Group restated a “buy” rating on shares of Palo Alto Networks in a research note on Wednesday, February 4th. Finally, Susquehanna dropped their target price on shares of Palo Alto Networks from $230.00 to $200.00 and set a “positive” rating on the stock in a research report on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $209.95.

Palo Alto Networks Stock Up 1.6%

Palo Alto Networks stock opened at $163.21 on Friday. The business has a 50 day moving average price of $162.47 and a two-hundred day moving average price of $186.38. The stock has a market cap of $133.18 billion, a price-to-earnings ratio of 90.17, a price-to-earnings-growth ratio of 5.80 and a beta of 0.77. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter last year, the company earned $0.81 EPS. The company’s quarterly revenue was up 14.9% on a year-over-year basis. On average, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, CEO Nikesh Arora purchased 68,085 shares of the firm’s stock in a transaction on Friday, March 27th. The shares were purchased at an average price of $146.87 per share, for a total transaction of $9,999,643.95. Following the completion of the purchase, the chief executive officer directly owned 343,394 shares of the company’s stock, valued at approximately $50,434,276.78. This represents a 24.73% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Goetz sold 22,684 shares of the business’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $164.41, for a total transaction of $3,729,476.44. Following the completion of the sale, the director directly owned 52,500 shares in the company, valued at $8,631,525. This trade represents a 30.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.40% of the company’s stock.

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.