SGL Investment Advisors Inc. Has $5.60 Million Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

SGL Investment Advisors Inc. lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 103.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 28,480 shares of the network technology company’s stock after buying an additional 14,453 shares during the quarter. Palo Alto Networks comprises 2.9% of SGL Investment Advisors Inc.’s investment portfolio, making the stock its 6th largest holding. SGL Investment Advisors Inc.’s holdings in Palo Alto Networks were worth $5,603,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PANW. SJS Investment Consulting Inc. boosted its position in Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after purchasing an additional 69 shares during the period. Transce3nd LLC bought a new stake in Palo Alto Networks during the fourth quarter worth approximately $25,000. Valued Wealth Advisors LLC boosted its position in Palo Alto Networks by 246.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after purchasing an additional 101 shares during the period. Strategic Investment Solutions Inc. IL boosted its position in Palo Alto Networks by 64.0% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company’s stock worth $26,000 after purchasing an additional 55 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC boosted its position in Palo Alto Networks by 265.0% during the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the transaction, the executive vice president now owns 3,543,516 shares in the company, valued at $586,132,981.56. The trade was a 2.74% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated Monday, April 7th. The shares were sold at an average price of $151.13, for a total value of $18,252,574.62. Following the transaction, the executive vice president now owns 321,774 shares in the company, valued at $48,629,704.62. This trade represents a 27.29% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 568,962 shares of company stock worth $96,933,690. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 1.0%

Palo Alto Networks stock opened at $192.90 on Friday. Palo Alto Networks, Inc. has a 12-month low of $142.01 and a 12-month high of $208.39. The stock has a market cap of $127.72 billion, a price-to-earnings ratio of 108.68, a P/E/G ratio of 5.64 and a beta of 1.02. The business’s 50-day simple moving average is $177.09 and its 200 day simple moving average is $185.02.

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

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PANW shares. JMP Securities upped their target price on Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Scotiabank increased their price objective on Palo Alto Networks from $200.00 to $225.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Citigroup increased their price objective on Palo Alto Networks from $205.00 to $220.00 and gave the company a “buy” rating in a research report on Tuesday, February 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $223.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Finally, Truist Financial reduced their price objective on Palo Alto Networks from $213.00 to $205.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $203.22.

Palo Alto Networks Company 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.