Mosley Wealth Management Has $396,000 Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Mosley Wealth Management lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 52.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,168 shares of the network technology company’s stock after acquiring an additional 401 shares during the quarter. Mosley Wealth Management’s holdings in Palo Alto Networks were worth $396,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of PANW. Beacon Pointe Advisors LLC raised its holdings in shares of Palo Alto Networks by 31.4% in the 4th quarter. Beacon Pointe Advisors LLC now owns 112,040 shares of the network technology company’s stock valued at $33,038,000 after purchasing an additional 26,767 shares during the period. Vanguard Personalized Indexing Management LLC lifted its position in shares of Palo Alto Networks by 9.9% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 24,726 shares of the network technology company’s stock valued at $7,291,000 after buying an additional 2,225 shares during the last quarter. Sunbelt Securities Inc. boosted its stake in shares of Palo Alto Networks by 91.0% during the 1st quarter. Sunbelt Securities Inc. now owns 1,683 shares of the network technology company’s stock worth $478,000 after acquiring an additional 802 shares during the period. American National Bank increased its holdings in shares of Palo Alto Networks by 67.4% during the 4th quarter. American National Bank now owns 231 shares of the network technology company’s stock worth $68,000 after acquiring an additional 93 shares during the last quarter. Finally, Smithfield Trust Co raised its stake in Palo Alto Networks by 2.3% in the 4th quarter. Smithfield Trust Co now owns 2,762 shares of the network technology company’s stock valued at $814,000 after acquiring an additional 61 shares during the period. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on PANW shares. Morgan Stanley lifted their price objective on shares of Palo Alto Networks from $360.00 to $390.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Northland Securities lifted their target price on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock a “market perform” rating in a report on Tuesday, August 20th. Wells Fargo & Company increased their price target on shares of Palo Alto Networks from $385.00 to $416.00 and gave the company an “overweight” rating in a report on Tuesday, August 20th. Stifel Nicolaus boosted their price objective on Palo Alto Networks from $360.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, August 20th. Finally, Piper Sandler increased their target price on Palo Alto Networks from $300.00 to $330.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 20th. Thirteen research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $366.08.

Palo Alto Networks Stock Down 2.3 %

Shares of NASDAQ PANW traded down $7.92 during trading on Friday, reaching $335.82. The company had a trading volume of 2,367,589 shares, compared to its average volume of 4,328,734. The stock has a market cap of $108.74 billion, a P/E ratio of 48.81, a PEG ratio of 5.29 and a beta of 1.13. The company’s fifty day moving average price is $335.82 and its 200-day moving average price is $310.48. Palo Alto Networks, Inc. has a 12 month low of $224.64 and a 12 month high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The firm had revenue of $2.19 billion during the quarter, compared to analyst estimates of $2.16 billion. During the same quarter last year, the business earned $0.80 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 3.55 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director John P. Key sold 2,163 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $305.41, for a total transaction of $660,601.83. Following the completion of the sale, the director now owns 12,639 shares of the company’s stock, valued at $3,860,076.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director John P. Key sold 2,163 shares of the business’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $305.41, for a total transaction of $660,601.83. Following the transaction, the director now owns 12,639 shares in the company, valued at approximately $3,860,076.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary Pat Mccarthy sold 10,000 shares of the firm’s stock in a transaction on Tuesday, August 27th. The stock was sold at an average price of $348.49, for a total transaction of $3,484,900.00. Following the completion of the sale, the director now owns 31,517 shares of the company’s stock, valued at $10,983,359.33. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 466,238 shares of company stock valued at $154,690,169. 3.30% of the stock is currently owned by insiders.

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.