F m Investments LLC Has $32.24 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

F m Investments LLC decreased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 175,043 shares of the network technology company’s stock after selling 4,536 shares during the quarter. Palo Alto Networks accounts for approximately 1.2% of F m Investments LLC’s investment portfolio, making the stock its 13th biggest holding. F m Investments LLC’s holdings in Palo Alto Networks were worth $32,243,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in PANW. Brighton Jones LLC lifted its position in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC lifted its position in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after acquiring an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC lifted its position in Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after acquiring an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after acquiring an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after acquiring an additional 249 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In other news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $161.40, for a total transaction of $177,540.00. Following the completion of the transaction, the chief accounting officer directly owned 83,136 shares in the company, valued at $13,418,150.40. The trade was a 1.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Key sold 1,572 shares of the business’s 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 transaction, the director owned 20,000 shares of the company’s stock, valued at $3,466,400. This trade represents a 7.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 30,356 shares of company stock worth $4,981,575. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

PANW has been the topic of several recent research reports. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Mizuho set a $200.00 target price on shares of Palo Alto Networks in a research report on Wednesday, February 18th. HSBC dropped their target price on shares of Palo Alto Networks from $157.00 to $114.00 in a research report on Thursday, February 19th. Guggenheim reissued a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Finally, Berenberg Bank set a $215.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Two analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $211.64.

Palo Alto Networks Trading Up 5.8%

Palo Alto Networks stock opened at $207.88 on Friday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $223.61. The firm has a market capitalization of $169.63 billion, a price-to-earnings ratio of 114.85, a P/E/G ratio of 7.09 and a beta of 0.77. The firm has a 50 day simple moving average of $166.05 and a 200 day simple moving average of $180.61.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. Palo Alto Networks’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 EPS. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.14 EPS for the current year.

Palo Alto Networks Company 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.