Flagship Wealth Advisors LLC Invests $225,000 in Palo Alto Networks, Inc. (NASDAQ:PANW)

Flagship Wealth Advisors LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,234 shares of the network technology company’s stock, valued at approximately $225,000.

Other hedge funds have also recently made changes to their positions in the company. SJS Investment Consulting Inc. raised its position in shares of Palo Alto Networks by 97.2% in the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after acquiring an additional 69 shares in the last quarter. Valued Wealth Advisors LLC increased its position in Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after buying an additional 101 shares in the last quarter. Abound Wealth Management increased its position in Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC increased its position in Palo Alto Networks by 265.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its position in Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock valued at $28,000 after buying an additional 79 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the completion of the sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. The trade was a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Nikesh Arora sold 176,242 shares of Palo Alto Networks stock in a transaction that occurred 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 approximately $195,596,176.16. The trade was a 13.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,122,864 shares of company stock worth $204,315,811. 2.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

PANW has been the subject of a number of research analyst reports. Scotiabank boosted their target price 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. Westpark Capital reaffirmed a “hold” rating and issued a $196.40 target price on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Citigroup boosted their target price 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. HSBC downgraded Palo Alto Networks from a “hold” rating to a “reduce” rating and cut their price target for the company from $152.00 to $145.50 in a research note on Friday, November 22nd. Finally, UBS Group lifted their price target on Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research note on Friday, February 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $205.06.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $182.34 on Monday. The company’s fifty day simple moving average is $185.63 and its two-hundred day simple moving average is $184.93. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39. The stock has a market capitalization of $120.73 billion, a price-to-earnings ratio of 102.73, a PEG ratio of 5.64 and a beta of 1.04.

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, beating analysts’ consensus estimates of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Palo Alto Networks 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.