Capasso Planning Partners LLC Purchases 488 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Capasso Planning Partners LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 76.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,130 shares of the network technology company’s stock after buying an additional 488 shares during the period. Capasso Planning Partners LLC’s holdings in Palo Alto Networks were worth $206,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Farther Finance Advisors LLC raised its stake in Palo Alto Networks by 70.6% during the fourth quarter. Farther Finance Advisors LLC now owns 12,882 shares of the network technology company’s stock worth $2,344,000 after acquiring an additional 5,330 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Palo Alto Networks by 102.8% during the 4th quarter. EverSource Wealth Advisors LLC now owns 22,870 shares of the network technology company’s stock worth $4,161,000 after purchasing an additional 11,595 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Palo Alto Networks by 42.6% in the fourth quarter. Sequoia Financial Advisors LLC now owns 198,678 shares of the network technology company’s stock valued at $36,151,000 after buying an additional 59,399 shares in the last quarter. Saturna Capital Corp boosted its position in Palo Alto Networks by 136.2% during the 4th quarter. Saturna Capital Corp now owns 8,169 shares of the network technology company’s stock worth $1,486,000 after buying an additional 4,710 shares during the period. Finally, PFG Advisors grew its holdings in Palo Alto Networks by 88.2% during the 4th quarter. PFG Advisors now owns 5,421 shares of the network technology company’s stock worth $986,000 after acquiring an additional 2,541 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity

In other Palo Alto Networks news, CEO Nikesh Arora sold 176,242 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at $195,596,176.16. The trade was a 13.96 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction on 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 $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock valued at $204,315,811 over the last quarter. Company insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on PANW shares. Citigroup lifted their price target on shares of Palo Alto Networks from $205.00 to $220.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Evercore ISI reduced their price target on shares of Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a report on Tuesday, December 31st. Truist Financial upped their price objective on shares of Palo Alto Networks from $200.00 to $212.50 and gave the company a “buy” rating in a report on Monday, November 18th. Piper Sandler raised their target price on Palo Alto Networks from $165.00 to $192.50 and gave the company a “neutral” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. upped their price target on Palo Alto Networks from $193.50 to $224.50 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Three equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $205.06.

Palo Alto Networks Price Performance

Shares of PANW opened at $178.93 on Wednesday. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39. The stock’s fifty day moving average price is $185.78 and its two-hundred day moving average price is $184.83. The firm has a market cap of $118.47 billion, a PE ratio of 100.81, a PEG ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.06. The business 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%. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

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.