Equitable Belief Co. elevated its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 3.2% within the third quarter, in response to the corporate in its most up-to-date Kind 13F submitting with the Securities and Alternate Fee (SEC). The fund owned 1,329 shares of the community expertise firm’s inventory after buying an extra 41 shares throughout the interval. Equitable Belief Co.’s holdings in Palo Alto Networks had been value $454,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).
Plenty of different institutional traders and hedge funds additionally not too long ago added to or diminished their stakes in PANW. Pathway Monetary Advisers LLC acquired a brand new place in shares of Palo Alto Networks within the 1st quarter valued at about $25,000. Capital Advisors Ltd. LLC raised its place in Palo Alto Networks by 113.9% throughout the third quarter. Capital Advisors Ltd. LLC now owns 77 shares of the community expertise firm’s inventory valued at $26,000 after buying an extra 41 shares within the final quarter. Sound Earnings Methods LLC lifted its holdings in Palo Alto Networks by 352.6% within the third quarter. Sound Earnings Methods LLC now owns 86 shares of the community expertise firm’s inventory valued at $29,000 after buying an extra 67 shares throughout the interval. Strategic Funding Options Inc. IL boosted its place in Palo Alto Networks by 177.4% within the third quarter. Strategic Funding Options Inc. IL now owns 86 shares of the community expertise firm’s inventory value $29,000 after buying an extra 55 shares within the final quarter. Lastly, Cape Funding Advisory Inc. grew its stake in shares of Palo Alto Networks by 1,111.1% throughout the 1st quarter. Cape Funding Advisory Inc. now owns 109 shares of the community expertise firm’s inventory value $31,000 after buying an extra 100 shares throughout the interval. 79.82% of the inventory is at present owned by institutional traders and hedge funds.
Wall Avenue Analyst Weigh In
A number of equities analysts not too long ago issued stories on PANW shares. Evercore ISI boosted their goal value on shares of Palo Alto Networks from $385.00 to $395.00 and gave the corporate an “outperform” ranking in a analysis be aware on Tuesday, August twentieth. BMO Capital Markets raised their goal value on Palo Alto Networks from $334.00 to $390.00 and gave the corporate an “outperform” ranking in a analysis report on Tuesday, August twentieth. UBS Group lifted their value goal on Palo Alto Networks from $345.00 to $355.00 and gave the corporate a “impartial” ranking in a analysis be aware on Tuesday, August twentieth. Royal Financial institution of Canada elevated their value goal on Palo Alto Networks from $390.00 to $410.00 and gave the inventory an “outperform” ranking in a analysis report on Tuesday, August twentieth. Lastly, JMP Securities restated a “market outperform” ranking and issued a $380.00 value goal on shares of Palo Alto Networks in a analysis report on Monday, November 4th. One equities analysis analyst has rated the inventory with a promote ranking, eleven have issued a maintain ranking, twenty-eight have given a purchase ranking and two have given a robust purchase ranking to the corporate. In keeping with knowledge from MarketBeat, Palo Alto Networks presently has a mean ranking of “Average Purchase” and a consensus value goal of $378.49.
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Insider Shopping for and Promoting at Palo Alto Networks
In different information, EVP Lee Klarich offered 60,000 shares of the corporate’s inventory in a transaction that occurred on Wednesday, September 4th. The shares had been offered at a mean value of $344.98, for a complete worth of $20,698,800.00. Following the transaction, the chief vice chairman now straight owns 159,009 shares within the firm, valued at roughly $54,854,924.82. This represents a 0.00 % lower of their place. The sale was disclosed in a authorized submitting with the SEC, which might be accessed by way of this hyperlink. In different Palo Alto Networks information, CEO Nikesh Arora offered 81,586 shares of Palo Alto Networks inventory in a transaction dated Thursday, October tenth. The inventory was offered at a mean value of $367.99, for a complete worth of $30,022,832.14. Following the completion of the transaction, the chief government officer now straight owns 618,715 shares of the corporate’s inventory, valued at $227,680,932.85. The commerce was a 0.00 % lower of their place. The transaction was disclosed in a authorized submitting with the SEC, which is on the market by way of this hyperlink. Additionally, EVP Lee Klarich offered 60,000 shares of the inventory in a transaction dated Wednesday, September 4th. The inventory was offered at a mean value of $344.98, for a complete transaction of $20,698,800.00. Following the sale, the chief vice chairman now straight owns 159,009 shares within the firm, valued at $54,854,924.82. This represents a 0.00 % lower of their place. The disclosure for this sale might be discovered right here. Insiders offered a complete of 255,252 shares of firm inventory value $89,383,077 during the last three months. Insiders personal 3.30% of the corporate’s inventory.
Palo Alto Networks Inventory Efficiency
Shares of Palo Alto Networks inventory opened at $391.40 on Monday. The inventory has a 50 day shifting common of $355.13 and a 200 day shifting common of $332.74. The agency has a market capitalization of $127.44 billion, a price-to-earnings ratio of 53.99, a PEG ratio of 5.68 and a beta of 1.12. Palo Alto Networks, Inc. has a fifty-two week low of $234.15 and a fifty-two week excessive of $393.21.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) final launched its quarterly earnings outcomes on Monday, August nineteenth. The community expertise firm reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The enterprise had income of $2.19 billion throughout the quarter, in comparison with analysts’ expectations of $2.16 billion. Palo Alto Networks had a return on fairness of 26.83% and a internet margin of 32.11%. The corporate’s income was up 12.1% in comparison with the identical quarter final 12 months. Throughout the identical interval within the prior 12 months, the enterprise posted $0.80 EPS. Analysts forecast that Palo Alto Networks, Inc. will submit 3.56 EPS for the present 12 months.
Palo Alto Networks Profile
Palo Alto Networks, Inc supplies cybersecurity options worldwide. The corporate affords firewall home equipment and software program; and Panorama, a safety administration answer for the worldwide management of community safety platform as a digital or a bodily equipment. It additionally supplies subscription providers overlaying the areas of risk prevention, malware and chronic risk, URL filtering, laptop computer and cell system safety, DNS safety, Web of Issues safety, SaaS safety API, and SaaS safety inline, in addition to risk intelligence, and knowledge loss prevention.
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