Y.D. More Investments Ltd Purchases 3,364 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Y.D. More Investments Ltd lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,312 shares of the network technology company’s stock after buying an additional 3,364 shares during the quarter. Palo Alto Networks makes up about 2.3% of Y.D. More Investments Ltd’s holdings, making the stock its 12th biggest holding. Y.D. More Investments Ltd’s holdings in Palo Alto Networks were worth $11,297,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PANW. Vanguard Group Inc. raised its stake in Palo Alto Networks by 1.2% during the third quarter. Vanguard Group Inc. now owns 26,511,732 shares of the network technology company’s stock valued at $6,215,410,000 after buying an additional 304,272 shares during the last quarter. Northern Trust Corp boosted its stake in Palo Alto Networks by 2.6% in the 3rd quarter. Northern Trust Corp now owns 3,430,299 shares of the network technology company’s stock worth $804,199,000 after purchasing an additional 86,995 shares in the last quarter. Jennison Associates LLC grew its position in Palo Alto Networks by 83.1% during the 4th quarter. Jennison Associates LLC now owns 2,616,803 shares of the network technology company’s stock valued at $771,643,000 after purchasing an additional 1,187,915 shares during the last quarter. International Assets Investment Management LLC increased its stake in Palo Alto Networks by 29,086.9% during the 4th quarter. International Assets Investment Management LLC now owns 2,057,968 shares of the network technology company’s stock valued at $606,854,000 after purchasing an additional 2,050,917 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Palo Alto Networks by 2.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,662,820 shares of the network technology company’s stock worth $389,832,000 after buying an additional 36,859 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

Shares of PANW traded down $3.55 during midday trading on Wednesday, hitting $287.34. The stock had a trading volume of 3,006,368 shares, compared to its average volume of 5,338,489. The stock’s 50 day moving average is $284.64 and its 200 day moving average is $293.04. The firm has a market cap of $92.84 billion, a PE ratio of 44.65, a price-to-earnings-growth ratio of 3.99 and a beta of 1.19. Palo Alto Networks, Inc. has a 1 year low of $176.30 and a 1 year high of $380.84.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, February 20th. The network technology company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.58 by $0.22. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. The company had revenue of $1.98 billion for the quarter, compared to the consensus estimate of $1.97 billion. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 2.77 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PANW. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a research report on Monday, January 29th. BMO Capital Markets decreased their price target on Palo Alto Networks from $378.00 to $327.00 and set an “outperform” rating for the company in a research note on Wednesday, February 21st. Citigroup increased their price objective on Palo Alto Networks from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $345.00 target price on shares of Palo Alto Networks in a research report on Wednesday, February 21st. Finally, Mizuho lowered their target price on shares of Palo Alto Networks from $405.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $314.82.

Insider Buying and Selling

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,050 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $280.00, for a total value of $294,000.00. Following the transaction, the chief accounting officer now owns 27,247 shares of the company’s stock, valued at approximately $7,629,160. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, President William D. Jenkins, Jr. sold 1,867 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $280.13, for a total value of $523,002.71. Following the completion of the sale, the president now directly owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 1,050 shares of Palo Alto Networks stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the transaction, the chief accounting officer now directly owns 27,247 shares in the company, valued at $7,629,160. The disclosure for this sale can be found here. In the last three months, insiders sold 122,917 shares of company stock valued at $33,959,203. Insiders own 3.30% of the company’s stock.

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.