Schechter Investment Advisors LLC Has $321,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Schechter Investment Advisors LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 141.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,766 shares of the network technology company’s stock after buying an additional 1,034 shares during the period. Schechter Investment Advisors LLC’s holdings in Palo Alto Networks were worth $321,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of PANW. Swedbank AB raised its stake in shares of Palo Alto Networks by 19.7% during the 3rd quarter. Swedbank AB now owns 786,574 shares of the network technology company’s stock worth $268,851,000 after purchasing an additional 129,371 shares in the last quarter. Howard Capital Management Group LLC increased its holdings in Palo Alto Networks by 1.5% during the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock worth $36,316,000 after buying an additional 1,619 shares during the last quarter. Catalyst Capital Advisors LLC raised its position in Palo Alto Networks by 29.7% during the third quarter. Catalyst Capital Advisors LLC now owns 397 shares of the network technology company’s stock worth $136,000 after acquiring an additional 91 shares in the last quarter. NorthRock Partners LLC raised its position in Palo Alto Networks by 18.3% during the third quarter. NorthRock Partners LLC now owns 1,824 shares of the network technology company’s stock worth $624,000 after acquiring an additional 282 shares in the last quarter. Finally, Catalina Capital Group LLC lifted its stake in Palo Alto Networks by 10.2% in the third quarter. Catalina Capital Group LLC now owns 1,449 shares of the network technology company’s stock valued at $495,000 after acquiring an additional 134 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the completion of the sale, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 99,707 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the transaction, the executive vice president now owns 358,197 shares of the company’s stock, valued at approximately $65,353,042.65. The trade was a 21.77 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America boosted their price objective on shares of Palo Alto Networks from $200.00 to $215.00 and gave the stock a “neutral” rating in a research note on Thursday, November 21st. Barclays lowered their price target on Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Needham & Company LLC lifted their target price on Palo Alto Networks from $192.50 to $225.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Westpark Capital restated a “hold” rating and issued a $196.40 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $205.06.

Palo Alto Networks Stock Down 0.1 %

Shares of PANW stock opened at $184.28 on Thursday. Palo Alto Networks, Inc. has a twelve month low of $132.50 and a twelve month high of $208.39. The stock’s fifty day simple moving average is $186.34 and its 200 day simple moving average is $184.74. The firm has a market capitalization of $122.01 billion, a P/E ratio of 103.82, a P/E/G ratio of 5.64 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 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.