Benjamin F. Edwards & Company Inc. lifted its holdings in Palo Alto Networks Inc (NYSE:PANW) by 202.9% in the 4th quarter, HoldingsChannel reports. The fund owned 3,732 shares of the network technology company’s stock after buying an additional 2,500 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Palo Alto Networks were worth $541,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Sun Life Financial INC grew its stake in shares of Palo Alto Networks by 785.0% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock valued at $134,000 after buying an additional 887 shares during the period. Penserra Capital Management LLC acquired a new stake in shares of Palo Alto Networks in the 3rd quarter valued at about $162,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Palo Alto Networks by 30.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock valued at $188,000 after buying an additional 322 shares during the period. Shelton Capital Management acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $201,000. Finally, Scotia Capital Inc. acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $213,000. 79.98% of the stock is owned by hedge funds and other institutional investors.

Shares of Palo Alto Networks Inc (NYSE PANW) opened at $157.22 on Friday. The company has a market cap of $14,450.00, a P/E ratio of -63.91 and a beta of 0.99. Palo Alto Networks Inc has a 1-year low of $107.31 and a 1-year high of $158.78.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The company had revenue of $505.50 million for the quarter, compared to analysts’ expectations of $489.36 million. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. Palo Alto Networks’s revenue was up 27.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 EPS. equities analysts predict that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.

In other Palo Alto Networks news, CMO Rene Bonvanie sold 16,596 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $151.83, for a total transaction of $2,519,770.68. Following the sale, the chief marketing officer now owns 95,584 shares of the company’s stock, valued at approximately $14,512,518.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Mark D. Mclaughlin sold 35,000 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $149.50, for a total transaction of $5,232,500.00. Following the sale, the chief executive officer now directly owns 348,901 shares in the company, valued at approximately $52,160,699.50. The disclosure for this sale can be found here. Insiders sold a total of 354,644 shares of company stock worth $52,415,318 in the last ninety days. 4.80% of the stock is currently owned by insiders.

PANW has been the subject of several research reports. Oppenheimer restated a “buy” rating and issued a $180.00 target price (up from $173.00) on shares of Palo Alto Networks in a research note on Tuesday, November 21st. Zacks Investment Research downgraded Palo Alto Networks from a “hold” rating to a “sell” rating in a research note on Monday, November 13th. Northland Securities set a $175.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, October 18th. Telsey Advisory Group raised their target price on Palo Alto Networks from $165.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, November 22nd. Finally, Sanford C. Bernstein raised their target price on Palo Alto Networks from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, November 21st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $165.74.

ILLEGAL ACTIVITY WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/palo-alto-networks-inc-panw-shares-bought-by-benjamin-f-edwards-company-inc/1816453.html.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks Inc (NYSE:PANW).

Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.