Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by Bensler LLC

Bensler LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 13.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,035 shares of the network technology company’s stock after purchasing an additional 2,577 shares during the period. Bensler LLC’s holdings in Palo Alto Networks were worth $7,531,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. International Assets Investment Management LLC increased its position in Palo Alto Networks by 34,318.2% during the 3rd quarter. International Assets Investment Management LLC now owns 3,259,063 shares of the network technology company’s stock valued at $1,113,948,000 after buying an additional 3,249,594 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Palo Alto Networks by 3.6% during the first quarter. Vanguard Group Inc. now owns 28,572,098 shares of the network technology company’s stock valued at $8,118,190,000 after acquiring an additional 1,002,239 shares in the last quarter. Swedbank AB purchased a new position in shares of Palo Alto Networks in the 1st quarter valued at approximately $177,933,000. Altshuler Shaham Ltd boosted its stake in Palo Alto Networks by 444,100.0% in the 2nd quarter. Altshuler Shaham Ltd now owns 444,000 shares of the network technology company’s stock worth $150,520,000 after purchasing an additional 444,100 shares in the last quarter. Finally, Congress Asset Management Co. purchased a new stake in Palo Alto Networks during the 3rd quarter worth approximately $94,875,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mary Pat Mccarthy sold 1,000 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $341.44, for a total value of $341,440.00. Following the completion of the sale, the director now owns 41,517 shares of the company’s stock, valued at approximately $14,175,564.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Mary Pat Mccarthy sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $341.44, for a total value of $341,440.00. Following the transaction, the director now directly owns 41,517 shares in the company, valued at approximately $14,175,564.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Nir Zuk sold 36,000 shares of the firm’s stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $332.50, for a total value of $11,970,000.00. Following the sale, the executive vice president now directly owns 1,115,567 shares of the company’s stock, valued at approximately $370,926,027.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 255,252 shares of company stock valued at $89,383,077 in the last three months. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on PANW shares. Oppenheimer lifted their price objective on shares of Palo Alto Networks from $410.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Scotiabank boosted their price target on Palo Alto Networks from $385.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, August 20th. Robert W. Baird raised their price objective on Palo Alto Networks from $360.00 to $375.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Stifel Nicolaus upped their target price on Palo Alto Networks from $360.00 to $385.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, BMO Capital Markets increased their price target on shares of Palo Alto Networks from $334.00 to $390.00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $378.49.

Palo Alto Networks Trading Up 0.5 %

Shares of NASDAQ PANW opened at $387.00 on Friday. The stock has a market cap of $126.01 billion, a PE ratio of 53.38, a P/E/G ratio of 5.23 and a beta of 1.12. Palo Alto Networks, Inc. has a 12-month low of $234.15 and a 12-month high of $387.21. The company has a 50-day moving average of $353.98 and a 200 day moving average of $331.32.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, beating the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The firm had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same quarter last year, the firm earned $0.80 earnings per share. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 3.57 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.