Roberts Glore & Co. Inc. IL Has $333,000 Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Roberts Glore & Co. Inc. IL grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,828 shares of the network technology company’s stock after purchasing an additional 914 shares during the quarter. Roberts Glore & Co. Inc. IL’s holdings in Palo Alto Networks were worth $333,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Itau Unibanco Holding S.A. acquired a new position in shares of Palo Alto Networks in the third quarter valued at approximately $29,000. True Wealth Design LLC grew its position in shares of Palo Alto Networks by 2,933.3% in the third quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock valued at $31,000 after purchasing an additional 88 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new position in shares of Palo Alto Networks in the third quarter valued at approximately $32,000. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the third quarter valued at approximately $39,000. Finally, SJS Investment Consulting Inc. grew its position in shares of Palo Alto Networks by 97.2% in the fourth 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 last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the transaction, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the transaction, the executive vice president now directly owns 365,856 shares of the company’s stock, valued at approximately $65,744,323.20. This trade represents a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 0.9 %

Shares of NASDAQ:PANW opened at $180.93 on Friday. The firm has a market cap of $119.79 billion, a P/E ratio of 101.93, a P/E/G ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39. The business has a fifty day simple moving average of $186.05 and a 200 day simple moving average of $184.78.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.06. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates 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 year.

Wall Street Analyst Weigh In

PANW has been the topic of a number of analyst reports. Westpark Capital reissued a “hold” rating and set a $196.40 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Truist Financial increased their price target on Palo Alto Networks from $200.00 to $212.50 and gave the stock a “buy” rating in a research report on Monday, November 18th. Scotiabank increased their price target on Palo Alto Networks from $200.00 to $225.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Needham & Company LLC increased their price target on Palo Alto Networks from $192.50 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Finally, Barclays reduced 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. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $205.06.

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.