Expressive Wealth LLC Buys New Stake in Palo Alto Networks, Inc. $PANW

Expressive Wealth LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, Holdings Channel reports. The fund purchased 2,049 shares of the network technology company’s stock, valued at approximately $377,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in Palo Alto Networks during the 2nd quarter worth about $25,000. Steph & Co. boosted its holdings in Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 67 shares during the period. Knuff & Co LLC acquired a new position in Palo Alto Networks in the 4th quarter valued at about $26,000. Luken Investment Analytics LLC increased its stake in Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after purchasing an additional 102 shares during the period. Finally, WHI TRUST Co LLC purchased a new stake in Palo Alto Networks during the fourth quarter worth about $28,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Palo Alto Networks from $220.00 to $265.00 and gave the company an “outperform” rating in a research note on Thursday, May 14th. JPMorgan Chase & Co. cut their target price on shares of Palo Alto Networks from $225.00 to $200.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Scotiabank restated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Finally, BTIG Research upped their price objective on Palo Alto Networks from $216.00 to $268.00 and gave the stock a “buy” rating in a research report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus price target of $229.16.

Palo Alto Networks Stock Performance

PANW stock opened at $256.75 on Wednesday. The company’s 50 day moving average price is $186.94 and its 200 day moving average price is $182.69. The firm has a market capitalization of $209.51 billion, a price-to-earnings ratio of 141.85, a PEG ratio of 9.39 and a beta of 0.77. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $261.41.

Insider Activity at Palo Alto Networks

In other news, Director John P. Key sold 1,572 shares of Palo Alto Networks stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $173.32, for a total transaction of $272,459.04. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at approximately $3,466,400. The trade was a 7.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz sold 22,684 shares of the business’s stock in a transaction on Friday, March 6th. The stock was sold at an average price of $164.41, for a total transaction of $3,729,476.44. Following the transaction, the director owned 52,500 shares of the company’s stock, valued at approximately $8,631,525. The trade was a 30.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,756 shares of company stock worth $5,076,355 over the last ninety days. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Profile

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.