Everpar Advisors LLC Purchases Shares of 3,228 Palo Alto Networks, Inc. (NASDAQ:PANW)

Everpar Advisors LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 3,228 shares of the network technology company’s stock, valued at approximately $952,000.

A number of other institutional investors have also recently bought and sold shares of PANW. International Assets Investment Management LLC raised its holdings in shares of Palo Alto Networks by 29,086.9% in the fourth quarter. International Assets Investment Management LLC now owns 2,057,968 shares of the network technology company’s stock valued at $606,854,000 after purchasing an additional 2,050,917 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Palo Alto Networks by 83.1% in the fourth quarter. Jennison Associates LLC now owns 2,616,803 shares of the network technology company’s stock valued at $771,643,000 after purchasing an additional 1,187,915 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Palo Alto Networks by 6,453.6% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 437,910 shares of the network technology company’s stock valued at $102,670,000 after purchasing an additional 431,228 shares during the last quarter. Mirova US LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at approximately $106,638,000. Finally, J.P. Morgan Private Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks in the third quarter valued at approximately $81,918,000. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the completion of the transaction, the executive vice president now owns 174,075 shares of the company’s stock, valued at $46,659,063. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CAO Josh D. Paul sold 1,050 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $280.00, for a total value of $294,000.00. Following the completion of the transaction, the chief accounting officer now owns 27,247 shares of the company’s stock, valued at $7,629,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Klarich sold 60,000 shares of the company’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $268.04, for a total value of $16,082,400.00. Following the completion of the transaction, the executive vice president now directly owns 174,075 shares of the company’s stock, valued at approximately $46,659,063. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 280,193 shares of company stock valued at $80,670,132. 3.30% of the stock is currently owned by corporate insiders.

Palo Alto Networks Price Performance

PANW traded down $2.51 on Wednesday, hitting $303.01. 3,106,097 shares of the stock were exchanged, compared to its average volume of 5,233,852. Palo Alto Networks, Inc. has a 12 month low of $186.75 and a 12 month high of $380.84. The business has a 50-day moving average of $285.75 and a two-hundred day moving average of $294.47. The firm has a market capitalization of $97.90 billion, a price-to-earnings ratio of 47.35, a PEG ratio of 4.03 and a beta of 1.18.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, topping the consensus estimate of $0.58 by $0.22. The firm had revenue of $1.98 billion during the quarter, compared to the consensus estimate of $1.97 billion. Palo Alto Networks had a return on equity of 36.58% and a net margin of 30.24%. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on PANW. Needham & Company LLC reiterated a “buy” rating and issued a $345.00 price objective on shares of Palo Alto Networks in a report on Wednesday, February 21st. JMP Securities restated a “market outperform” rating and set a $380.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 21st. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Monday, January 29th. BMO Capital Markets lowered their target price on shares of Palo Alto Networks from $378.00 to $327.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $350.00 target price on shares of Palo Alto Networks in a report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average price target of $314.82.

About Palo Alto Networks

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.