Goepper Burkhardt LLC Acquires 707 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Goepper Burkhardt LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,414 shares of the network technology company’s stock after acquiring an additional 707 shares during the period. Goepper Burkhardt LLC’s holdings in Palo Alto Networks were worth $257,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Palo Alto Networks during the third quarter valued at about $29,000. True Wealth Design LLC boosted its position in Palo Alto Networks by 2,933.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock valued at $31,000 after acquiring an additional 88 shares in the last quarter. SJS Investment Consulting Inc. grew its holdings in shares of 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 worth $25,000 after acquiring an additional 69 shares during the period. Valued Wealth Advisors LLC raised its position in shares of 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 worth $26,000 after acquiring an additional 101 shares in the last quarter. Finally, Abound Wealth Management lifted its stake 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 valued at $27,000 after purchasing an additional 72 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 1.0 %

Shares of NASDAQ:PANW opened at $172.76 on Monday. The stock has a 50 day moving average of $187.39 and a 200 day moving average of $185.49. The company has a market cap of $114.38 billion, a PE ratio of 97.33, a price-to-earnings-growth 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 posted its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The business 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 predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PANW. UBS Group upped their target price on shares of Palo Alto Networks from $190.00 to $200.00 and gave the stock a “neutral” rating in a research report on Friday, February 14th. Loop Capital cut their price objective on shares of Palo Alto Networks from $385.00 to $180.00 and set a “hold” rating on the stock in a report on Tuesday, January 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $190.00 target price (down from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. Jefferies Financial Group upped their price target on Palo Alto Networks from $225.00 to $240.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a research note on Monday, February 10th. Three equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.06.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 99,707 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the completion of the sale, the executive vice president now directly owns 358,197 shares of the company’s stock, valued at $65,353,042.65. This trade represents a 21.77 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 in the company, valued at approximately $195,596,176.16. The trade was a 13.96 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,122,864 shares of company stock valued at $204,315,811 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

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.