Wolff Wiese Magana LLC owns $227,000 of shares in Palo Alto Networks, Inc. (NASDAQ:PANW).

Financial Advisors


Wolff Wiese Magana LLC increased its stake in Palo Alto Networks Inc. (NASDAQ:PANW – Get Rating) by 77.7% in the fourth quarter, according to a recent disclosure to the Securities and Exchange Commission. The company owned his 1,626 shares of network technology company stock after purchasing an additional 711 of his shares during the quarter. Wolff Wiese Magana LLC’s Palo Alto Networks holdings were valued at $227,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently changed their stock positions. Emfo LLC increased his position in Palo Alto Networks stock by 200.0% in the third quarter. Emfo LLC purchased an additional 100 shares of him last quarter and now owns 150 shares of the network technology company worth $25,000. JNBA Financial Advisors increased its position in Palo Alto Networks stock by 200.0% in the third quarter. JNBA Financial Advisors purchased an additional 100 shares last quarter and now owns 150 shares of the network technology company worth $25,000. Ten Capital Wealth Advisors LLC increased its position in Palo Alto Networks by 200.0% in the third quarter. Ten Capital Wealth Advisors LLC acquired an additional 100 shares last quarter and now owns 150 shares of the network technology company, valued at $25,000. Worth Asset Management LLC purchased new Palo Alto Networks shares in the first quarter for a value of $26,000. Finally, Manchester Capital Management LLC increased its position in Palo Alto Networks by 1,078.6% in the third quarter. Manchester Capital Management LLC now owns 165 shares of the network technology company, valued at $27,000, after acquiring an additional 151 shares last quarter. Institutional investors and hedge funds hold 81.82% of the company’s shares.

Insider activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 13,800 shares of the company in a transaction on Monday, April 17. The shares were sold at an average price of $201.42 for a total transaction value of $2,779,596.00. Following the completion of the sale, the CEO now owns 1,177,193 shares of the company, valued at approximately $237,110,214.06. The sale was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed on the SEC’s website. In related news, EVP Nir Zuk sold 36,000 shares in the company in a trade on Wednesday, March 1. The shares sold at an average price of $187.20 for a total of $6,739,200.00. The transaction gives the Executive Vice President direct ownership of 1,774,898 shares of the Company, valued at approximately $332,269,05.60. The sale was disclosed in legal filings with the Securities and Exchange Commission, available at this link. Also, CEO Nikesh Arora sold 13,800 shares in the company in a transaction on Monday, April 17. The stock sold at an average price of $201.42, giving him a trading value of $2,779,596.00. Following the closing of the transaction, the CEO now directly owns 1,177,193 shares of the company, valued at $237,110,214.06. Please see here for the disclosure of this sale. Insiders sold 271,380 shares of company stock worth $51,233,846 last quarter. A company insider owns his 3.90% of the company’s shares.

Analyst sets new price target

Several analysts have published reports on PANW stock. Mizuho raised its price target on Palo Alto Networks shares from $220.00 to $235.00 in its research report on Wednesday, Feb. 22, giving the stock a Buy rating. Ross Mkm raised its price target on Palo Alto Networks stock from $220.00 to $230.00 in a research report on Wednesday, Feb. 22, giving the stock a Buy rating. Royal Bank of Canada raised its price target on Palo Alto Networks shares from $200.00 to $216.00, giving the company an “outperform” rating in its research report on Wednesday, February 22. Mr. Guggenheim lowered his rating on Palo Alto Networks stock to “neutral” from “buy” in a research note on Tuesday, Jan. 17. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Palo Alto Networks shares from $165.00 to $210.00 in a research note on Wednesday, Feb. 22, giving the stock a Buy rating. Five research analysts rate the stock as a hold, while 34 rate it as a buy. According to MarketBeat data, the stock has an average rating of “moderate buy” and an average target price of $223.45 for him.

Palo Alto Networks is up 2.3%

NASDAQ: PANW climbed $4.46 in intraday trading on Wednesday to reach $200.30. His 1,045,374 shares of the company’s stock were exchanged, but the average trading volume was his 4,033,798 shares. The company has a market cap of $60.61 billion, a P/E ratio of 2,670.67, a PEG ratio of 5.07 and a beta of 1.17. Palo Alto Networks, Inc. hit a 52-week low of $132.22 and a 52-week high of $203.44. The company has a 50-day simple moving average of $192.17 and a 200-day simple moving average of $174.58.

Palo Alto Networks (NASDAQ:PANW – Get Rating) last reported quarterly results on Tuesday, February 21. The network technology company earned $0.34 in earnings per share (EPS) for the quarter, beating analyst consensus expectations of $0.12 by $0.22. Palo Alto Networks had a net profit margin of 0.56% and a return on equity of 36.62%. The company’s revenue for the quarter was $1.66 billion, compared to consensus expectations of $1.65 billion. As a group, analysts expect Palo Alto Networks to post 1.2 times earnings per share this quarter.

Palo Alto Networks Profile

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Palo Alto Networks, Inc provides network security solutions to enterprises, service providers and government agencies. It operates through the geographic segments of the United States, Israel, and Other Countries. The company was founded by his Nir Zuk in March 2005 and is headquartered in Santa Clara, California.

References

Palo Alto Networks (NASDAQ:PANW) Quarterly Institutional Ownership

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