Robocap Asset Management Ltd Has $6.10 Million Stock Position in Palo Alto Networks, Inc. $PANW

Robocap Asset Management Ltd lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 23.8% in the fourth quarter, Holdings Channel reports. The firm owned 33,100 shares of the network technology company’s stock after selling 10,332 shares during the period. Palo Alto Networks accounts for 5.4% of Robocap Asset Management Ltd’s investment portfolio, making the stock its 7th largest holding. Robocap Asset Management Ltd’s holdings in Palo Alto Networks were worth $6,097,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PANW. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at $25,000. Steph & Co. increased its position in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 67 shares during the last quarter. Winch Advisory Services LLC grew its position in Palo Alto Networks by 96.1% during the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. Caitlin John LLC bought a new position in Palo Alto Networks during the 3rd quarter worth approximately $31,000. Finally, Painted Porch Advisors LLC lifted its holdings in Palo Alto Networks by 72.7% in the 3rd quarter. Painted Porch Advisors LLC now owns 152 shares of the network technology company’s stock worth $31,000 after buying an additional 64 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on PANW. Stifel Nicolaus dropped their price target on Palo Alto Networks from $200.00 to $185.00 and set a “buy” rating on the stock in a research report on Wednesday, February 18th. Barclays set a $200.00 price objective on Palo Alto Networks and gave the stock an “overweight” rating in a report on Monday, February 9th. Loop Capital cut their price target on Palo Alto Networks from $190.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. The Goldman Sachs Group cut their price target on Palo Alto Networks from $240.00 to $224.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Finally, TD Cowen reissued a “buy” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $210.07.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total transaction of $802,100.00. Following the transaction, the executive vice president owned 150,250 shares of the company’s stock, valued at approximately $24,103,105. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John P. Key sold 1,572 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $173.32, for a total value of $272,459.04. Following the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,466,400. This represents a 7.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 30,356 shares of company stock valued at $4,981,575. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $181.10 on Friday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $223.61. The stock’s 50 day simple moving average is $163.46 and its two-hundred day simple moving average is $181.19. The company has a market cap of $147.78 billion, a PE ratio of 100.05, a price-to-earnings-growth ratio of 6.53 and a beta of 0.77.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The business had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the business posted $0.81 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.14 EPS for the current year.

About Palo Alto Networks

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.