Valley Brook Capital Group Makes New $47,000 Investment in Palo Alto Networks, Inc. (NYSE:PANW)


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Valley Brook Capital Group acquired a new stake in Palo Alto Networks, Inc. (NYSE:PANW) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 135 shares of the network technology company’s stock, valued at approximately $47,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clearbridge Investments LLC lifted its stake in shares of Palo Alto Networks by 8.1% in the 4th quarter. Clearbridge Investments LLC now owns 2,784,934 shares of the network technology company’s stock valued at $989,738,000 after purchasing an additional 208,986 shares in the last quarter. Viking Global Investors LP acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at about $670,667,000. Norges Bank acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at about $358,841,000. Duquesne Family Office LLC lifted its position in Palo Alto Networks by 457.8% during the 4th quarter. Duquesne Family Office LLC now owns 459,060 shares of the network technology company’s stock worth $163,145,000 after acquiring an additional 376,760 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Palo Alto Networks by 30.2% during the 4th quarter. Nuveen Asset Management LLC now owns 393,166 shares of the network technology company’s stock worth $139,728,000 after acquiring an additional 91,285 shares in the last quarter. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of PANW opened at $338.57 on Thursday. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.63 and a quick ratio of 1.63. Palo Alto Networks, Inc. has a 12 month low of $172.36 and a 12 month high of $403.00. The stock has a fifty day moving average price of $344.07 and a 200 day moving average price of $315.26. The company has a market cap of $32.92 billion, a P/E ratio of -109.22 and a beta of 1.50.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Sunday, February 21st. The network technology company reported $1.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.12. Palo Alto Networks had a negative return on equity of 8.66% and a negative net margin of 8.36%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $985.90 million. During the same quarter in the previous year, the firm posted $1.19 EPS. The firm’s quarterly revenue was up 24.5% on a year-over-year basis. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post -1.69 earnings per share for the current year.

Several equities analysts recently commented on the company. Raymond James reissued a “hold” rating on shares of Palo Alto Networks in a research report on Wednesday, February 24th. Deutsche Bank Aktiengesellschaft boosted their price target on Palo Alto Networks from $423.00 to $426.00 and gave the stock a “buy” rating in a research report on Monday, March 1st. Northland Securities reissued a “buy” rating on shares of Palo Alto Networks in a research report on Monday. Royal Bank of Canada boosted their price target on Palo Alto Networks from $425.00 to $445.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 23rd. Finally, Barclays lifted their price objective on Palo Alto Networks from $420.00 to $565.00 and gave the stock an “overweight” rating in a report on Monday, March 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have assigned a buy rating to the company. Palo Alto Networks presently has a consensus rating of “Buy” and a consensus price target of $377.06.

In other news, EVP Nir Zuk sold 12,000 shares of the company’s stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $328.09, for a total value of $3,937,080.00. Following the completion of the sale, the executive vice president now owns 855,056 shares in the company, valued at $280,535,323.04. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lee Klarich sold 3,500 shares of the company’s stock in a transaction on Tuesday, January 12th. The shares were sold at an average price of $366.91, for a total value of $1,284,185.00. Following the completion of the sale, the executive vice president now owns 307,047 shares of the company’s stock, valued at approximately $112,658,614.77. The disclosure for this sale can be found here. Insiders have sold a total of 89,917 shares of company stock valued at $32,113,001 in the last quarter. 2.30% of the stock is currently owned by insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc engages in the provision of network security solutions to enterprises, service providers, and government entities. It operates through the following geographical segments: Americas; Europe, the Middle East, and Africa; and Asia Pacific and Japan. The company was founded by Nir Zuk, Rajiv Batra and Yu Ming Mao in March 2005 and is headquartered in Santa Clara, CA.

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

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