Keystone Investors PTE Ltd. Makes New $2.10 Million Investment in Palo Alto Networks, Inc. (NASDAQ:PANW)

Keystone Investors PTE Ltd. acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, Holdings Channel reports. The firm acquired 11,554 shares of the network technology company’s stock, valued at approximately $2,102,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PANW. SJS Investment Consulting Inc. grew its holdings in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after buying an additional 69 shares in the last quarter. Valued Wealth Advisors LLC boosted its stake in shares of 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 valued at $26,000 after purchasing an additional 101 shares in the last quarter. Abound Wealth Management raised its position in shares of Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 72 shares in the last quarter. Atlantic Edge Private Wealth Management LLC grew its stake in Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC raised its stake in shares of Palo Alto Networks by 102.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company’s stock worth $28,000 after acquiring an additional 79 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, CEO Nikesh Arora sold 235,492 shares of the stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $183.32, for a total value of $43,170,393.44. Following the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at $199,159,581.28. This trade represents a 17.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Josh D. Paul sold 700 shares of the company’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 transaction of $126,854.00. Following the completion of the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,122,864 shares of company stock valued at $204,315,811. 2.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

PANW has been the subject of several research reports. Westpark Capital reiterated a “hold” rating and set a $196.40 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 12th. KeyCorp increased their price objective on shares of Palo Alto Networks from $217.00 to $240.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. UBS Group raised their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a “neutral” rating in a research note on Friday, February 14th. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research report on Monday, January 6th. Finally, JMP Securities upped their target price on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $205.06.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $184.79 on Tuesday. The stock has a market cap of $122.35 billion, a price-to-earnings ratio of 104.11, a P/E/G ratio of 5.64 and a beta of 1.04. The company has a 50 day moving average of $186.92 and a 200-day moving average of $185.23. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share 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.