Palo Alto Networks Inc (PANW) Shares Bought by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC grew its stake in shares of Palo Alto Networks Inc (NYSE:PANW) by 24.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,161 shares of the network technology company’s stock after acquiring an additional 7,065 shares during the period. Alpha Cubed Investments LLC’s holdings in Palo Alto Networks were worth $5,241,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Stanley Laman Group Ltd. raised its position in shares of Palo Alto Networks by 1.3% in the fourth quarter. Stanley Laman Group Ltd. now owns 49,154 shares of the network technology company’s stock worth $7,124,000 after buying an additional 618 shares in the last quarter. American International Group Inc. raised its position in shares of Palo Alto Networks by 145.7% in the fourth quarter. American International Group Inc. now owns 3,558 shares of the network technology company’s stock worth $516,000 after buying an additional 2,110 shares in the last quarter. D L Carlson Investment Group Inc. purchased a new stake in shares of Palo Alto Networks in the fourth quarter worth $4,056,000. Virtu Financial LLC raised its position in shares of Palo Alto Networks by 277.2% in the fourth quarter. Virtu Financial LLC now owns 5,650 shares of the network technology company’s stock worth $819,000 after buying an additional 4,152 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Palo Alto Networks by 2.1% in the fourth quarter. UBS Asset Management Americas Inc. now owns 269,707 shares of the network technology company’s stock worth $39,091,000 after buying an additional 5,431 shares in the last quarter. Hedge funds and other institutional investors own 82.12% of the company’s stock.

Palo Alto Networks Inc (NYSE:PANW) traded up $0.21 during midday trading on Wednesday, hitting $188.45. The company had a trading volume of 1,225,791 shares, compared to its average volume of 1,830,000. The company has a market capitalization of $17,310.00, a PE ratio of -84.13 and a beta of 0.91. Palo Alto Networks Inc has a 12 month low of $107.31 and a 12 month high of $191.53.

In other Palo Alto Networks news, Director James J. Goetz sold 68,000 shares of the firm’s stock in a transaction dated Thursday, December 28th. The shares were sold at an average price of $146.85, for a total value of $9,985,800.00. Following the completion of the sale, the director now directly owns 203,645 shares in the company, valued at $29,905,268.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Nir Zuk sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $181.65, for a total transaction of $5,449,500.00. Following the completion of the sale, the executive vice president now owns 1,384,919 shares of the company’s stock, valued at $251,570,536.35. The disclosure for this sale can be found here. Insiders sold 419,603 shares of company stock worth $65,527,618 over the last three months. 4.80% of the stock is owned by insiders.

PANW has been the topic of a number of recent analyst reports. Oppenheimer reiterated a “buy” rating and issued a $180.00 price objective (up previously from $173.00) on shares of Palo Alto Networks in a research report on Tuesday, November 21st. BMO Capital Markets increased their price objective on Palo Alto Networks from $170.00 to $190.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 27th. Zacks Investment Research upgraded Palo Alto Networks from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Telsey Advisory Group increased their price objective on Palo Alto Networks from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Finally, Royal Bank of Canada increased their price objective on Palo Alto Networks to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 27th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and thirty-eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $181.38.

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Palo Alto Networks Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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