25,200 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Bought by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, HoldingsChannel.com reports. The fund bought 25,200 shares of the network technology company’s stock, valued at approximately $4,585,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in Palo Alto Networks during the third quarter worth $29,000. True Wealth Design LLC boosted its stake in Palo Alto Networks by 2,933.3% during the third quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock worth $31,000 after acquiring an additional 88 shares in the last quarter. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the third quarter worth $39,000. SJS Investment Consulting Inc. boosted its stake 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 acquiring an additional 69 shares in the last quarter. Finally, Valued Wealth Advisors LLC boosted its stake 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 acquiring an additional 101 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Down 1.9 %

Shares of NASDAQ:PANW opened at $184.01 on Friday. The company has a 50 day moving average of $186.41 and a 200 day moving average of $185.00. The stock has a market cap of $121.83 billion, a P/E ratio of 103.67, a P/E/G ratio of 5.64 and a beta of 1.04. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the transaction, the chief accounting officer now owns 47,976 shares of the company’s stock, valued at $8,694,210.72. The trade was a 1.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the completion of the transaction, the executive vice president now directly owns 365,856 shares of the company’s stock, valued at approximately $65,744,323.20. This represents a 24.70 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PANW shares. Needham & Company LLC raised their price objective on shares of Palo Alto Networks from $192.50 to $225.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. Susquehanna raised their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the company a “positive” rating in a research note on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $190.00 price objective (down from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Robert W. Baird raised their price objective on shares of Palo Alto Networks from $212.50 to $217.50 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Finally, Barclays dropped their price objective on shares of Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $205.06.

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.