Tilt Investment Management Holdings PBC Makes New $382,000 Investment in Palo Alto Networks, Inc. (NASDAQ:PANW)

Tilt Investment Management Holdings PBC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,295 shares of the network technology company’s stock, valued at approximately $382,000.

Several other institutional investors have also modified their holdings of PANW. Norges Bank acquired a new position in shares of Palo Alto Networks in the fourth quarter valued at approximately $751,276,000. International Assets Investment Management LLC lifted its position in Palo Alto Networks by 29,086.9% in the 4th 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 acquiring an additional 2,050,917 shares in the last quarter. Moneta Group Investment Advisors LLC acquired a new position in Palo Alto Networks in the 4th quarter worth $204,728,000. T. Rowe Price Investment Management Inc. bought a new position in Palo Alto Networks during the 4th quarter worth about $85,025,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Palo Alto Networks by 6,453.6% in the 3rd 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 period. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on PANW shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of Palo Alto Networks in a report on Wednesday. Scotiabank lowered their price objective on shares of Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating on the stock in a report on Wednesday, February 21st. Barclays reduced their target price on shares of Palo Alto Networks from $400.00 to $345.00 and set an “overweight” rating for the company in a report on Wednesday, February 21st. Evercore ISI lifted their price target on shares of Palo Alto Networks from $315.00 to $405.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, KeyCorp cut their price target on shares of Palo Alto Networks from $380.00 to $355.00 and set an “overweight” rating on the stock in a research report on Thursday. Eleven investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $314.82.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 1,050 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the completion of the sale, the chief accounting officer now owns 27,247 shares in the company, valued at $7,629,160. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Palo Alto Networks news, CAO Josh D. Paul sold 1,050 shares of the business’s stock in a transaction 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 sale, the chief accounting officer now directly owns 27,247 shares in the company, valued at $7,629,160. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 45,000 shares of the stock in a transaction on Monday, January 29th. The stock was sold at an average price of $343.03, for a total value of $15,436,350.00. Following the transaction, the executive vice president now owns 198,105 shares of the company’s stock, valued at approximately $67,955,958.15. The disclosure for this sale can be found here. Over the last three months, insiders have sold 167,917 shares of company stock worth $49,395,553. 3.30% of the stock is owned by company insiders.

Palo Alto Networks Stock Up 1.3 %

PANW stock traded up $3.61 during mid-day trading on Thursday, reaching $280.94. 2,315,068 shares of the company traded hands, compared to its average volume of 5,575,287. The stock has a market cap of $90.77 billion, a price-to-earnings ratio of 44.04, a P/E/G ratio of 3.75 and a beta of 1.19. Palo Alto Networks, Inc. has a fifty-two week low of $176.30 and a fifty-two week high of $380.84. The firm’s 50 day moving average price is $299.16 and its 200 day moving average price is $290.18.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, February 20th. The network technology company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.22. The company had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.76 EPS for the current fiscal year.

Palo Alto Networks Profile

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.