Cwm LLC Buys 1,460 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Cwm LLC grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 15.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 10,799 shares of the network technology company’s stock after purchasing an additional 1,460 shares during the period. Cwm LLC’s holdings in Palo Alto Networks were worth $3,184,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Palo Alto Networks by 1.2% during the 3rd quarter. Vanguard Group Inc. now owns 26,511,732 shares of the network technology company’s stock worth $6,215,410,000 after purchasing an additional 304,272 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Palo Alto Networks by 2.6% in the 3rd quarter. Northern Trust Corp now owns 3,430,299 shares of the network technology company’s stock worth $804,199,000 after buying an additional 86,995 shares during the last quarter. International Assets Investment Management LLC boosted its stake in shares of 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 worth $606,854,000 after buying an additional 2,050,917 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Palo Alto Networks by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,662,820 shares of the network technology company’s stock worth $389,832,000 after buying an additional 36,859 shares during the last quarter. Finally, Cadian Capital Management LP boosted its stake in shares of Palo Alto Networks by 26.7% in the 3rd quarter. Cadian Capital Management LP now owns 1,204,676 shares of the network technology company’s stock worth $282,424,000 after buying an additional 253,500 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $293.82 on Thursday. Palo Alto Networks, Inc. has a 1 year low of $176.30 and a 1 year high of $380.84. The company has a market cap of $94.93 billion, a PE ratio of 45.91, a P/E/G ratio of 3.99 and a beta of 1.19. The stock’s 50-day moving average is $290.67 and its 200 day moving average is $291.86.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Scotiabank cut their target price on Palo Alto Networks from $363.00 to $337.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, February 21st. Royal Bank of Canada upped their price objective on Palo Alto Networks to $420.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Oppenheimer upped their price objective on Palo Alto Networks from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, April 17th. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a research note on Monday, January 29th. Finally, Susquehanna dropped their price objective on Palo Alto Networks from $400.00 to $325.00 and set a “positive” rating on the stock in a research note on Monday, February 26th. Eleven investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $314.82.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $343.03, for a total transaction of $15,436,350.00. Following the transaction, the executive vice president now owns 198,105 shares in the company, valued at approximately $67,955,958.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Palo Alto Networks news, EVP Lee Klarich sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $343.03, for a total transaction of $15,436,350.00. Following the transaction, the executive vice president now owns 198,105 shares in the company, valued at approximately $67,955,958.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President William D. Jenkins, Jr. sold 1,867 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $280.13, for a total value of $523,002.71. Following the completion of the sale, the president now owns 25,812 shares in the company, valued at approximately $7,230,715.56. The disclosure for this sale can be found here. In the last quarter, insiders have sold 167,917 shares of company stock worth $49,395,553. Company insiders own 3.30% of the company’s stock.

Palo Alto Networks Company 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.