Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by Bouchey Financial Group Ltd

Bouchey Financial Group Ltd increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,570 shares of the network technology company’s stock after buying an additional 1,287 shares during the period. Bouchey Financial Group Ltd’s holdings in Palo Alto Networks were worth $468,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PANW. SJS Investment Consulting Inc. boosted its stake in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after purchasing an additional 69 shares during the period. Valued Wealth Advisors LLC boosted its stake in Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 101 shares during the period. Abound Wealth Management boosted its stake in Palo Alto Networks by 97.3% during the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in Palo Alto Networks by 265.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC boosted its stake in Palo Alto Networks by 102.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 79 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palo Alto Networks

In other news, CEO Nikesh Arora sold 235,492 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the transaction, the chief executive officer now owns 1,086,404 shares in the company, valued at $199,159,581.28. This represents a 17.81 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the transaction, the executive vice president now owns 365,856 shares in the company, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock worth $204,315,811 in the last 90 days. 2.50% of the stock is owned by insiders.

Palo Alto Networks Stock Performance

Shares of PANW opened at $187.50 on Friday. The company’s 50 day moving average price is $186.57 and its 200 day moving average price is $184.14. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39. The company has a market capitalization of $124.14 billion, a PE ratio of 105.63, a PEG ratio of 5.64 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

PANW has been the subject of a number of analyst reports. Truist Financial boosted their target price on shares of Palo Alto Networks from $200.00 to $212.50 and gave the company a “buy” rating in a research note on Monday, November 18th. Loop Capital reduced their target price on shares of Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating for the company in a research note on Tuesday, January 14th. BTIG Research downgraded shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a research report on Wednesday, January 8th. TD Cowen boosted their price target on shares of Palo Alto Networks from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, JPMorgan Chase & Co. boosted their price target on shares of Palo Alto Networks from $193.50 to $224.50 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $205.06.

About Palo Alto Networks

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.