Palo Alto Networks, Inc. $PANW Shares Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668,312 shares of the network technology company’s stock after buying an additional 22,088 shares during the period. Palo Alto Networks accounts for 1.6% of Penserra Capital Management LLC’s holdings, making the stock its 6th largest holding. Penserra Capital Management LLC’s holdings in Palo Alto Networks were worth $136,078,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of PANW. Darwin Wealth Management LLC bought a new position in Palo Alto Networks in the second quarter valued at about $25,000. Whipplewood Advisors LLC increased its stake in shares of Palo Alto Networks by 6,400.0% in the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock valued at $27,000 after buying an additional 128 shares during the period. Briaud Financial Planning Inc bought a new position in Palo Alto Networks in the 2nd quarter valued at approximately $28,000. Howard Hughes Medical Institute acquired a new stake in Palo Alto Networks during the 2nd quarter worth approximately $29,000. Finally, MTM Investment Management LLC acquired a new stake in Palo Alto Networks during the 2nd quarter worth approximately $31,000. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PANW has been the subject of several recent research reports. UBS Group set a $215.00 price target on shares of Palo Alto Networks and gave the company a “neutral” rating in a research report on Tuesday, January 13th. Evercore ISI increased their price objective on Palo Alto Networks from $220.00 to $250.00 and gave the company an “outperform” rating in a report on Thursday, November 13th. Westpark Capital reaffirmed a “hold” rating on shares of Palo Alto Networks in a report on Thursday, November 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $240.00 price target (up previously from $236.00) on shares of Palo Alto Networks in a research report on Thursday, November 20th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Palo Alto Networks in a research report on Monday, December 29th. Thirty-one research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $229.09.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 12,500 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $195.33, for a total transaction of $2,441,625.00. Following the transaction, the director owned 75,184 shares in the company, valued at approximately $14,685,690.72. This represents a 14.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total transaction of $940,900.00. Following the completion of the transaction, the executive vice president directly owned 155,119 shares in the company, valued at $29,190,293.42. This trade represents a 3.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 260,542 shares of company stock worth $49,910,995. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Trading Down 5.2%

PANW opened at $166.24 on Wednesday. The company has a fifty day moving average price of $186.65 and a two-hundred day moving average price of $194.25. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61. The company has a market cap of $115.87 billion, a P/E ratio of 105.22, a price-to-earnings-growth ratio of 4.18 and a beta of 0.75.

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