iSAM Funds UK Ltd Invests $2.89 Million in Palo Alto Networks, Inc. $PANW

iSAM Funds UK Ltd purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,130 shares of the network technology company’s stock, valued at approximately $2,892,000. Palo Alto Networks makes up approximately 0.6% of iSAM Funds UK Ltd’s portfolio, making the stock its 20th largest holding.

Other large investors have also recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Palo Alto Networks in the 1st quarter worth approximately $261,000. Strive Asset Management LLC raised its holdings in Palo Alto Networks by 16.6% during the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after purchasing an additional 299 shares in the last quarter. Schroder Investment Management Group lifted its position in Palo Alto Networks by 7.9% in the second quarter. Schroder Investment Management Group now owns 2,234,551 shares of the network technology company’s stock worth $457,279,000 after purchasing an additional 163,718 shares during the period. Richmond Investment Services LLC boosted its stake in Palo Alto Networks by 87.2% during the 2nd quarter. Richmond Investment Services LLC now owns 3,286 shares of the network technology company’s stock valued at $672,000 after purchasing an additional 1,531 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its stake in Palo Alto Networks by 4,524.0% during the 2nd quarter. Panagora Asset Management Inc. now owns 547,944 shares of the network technology company’s stock valued at $112,131,000 after purchasing an additional 536,094 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and issued a $250.00 price objective (up previously from $235.00) on shares of Palo Alto Networks in a report on Tuesday, November 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $240.00 price target (up from $236.00) on shares of Palo Alto Networks in a research report on Thursday, November 20th. JMP Securities raised their price objective on shares of Palo Alto Networks from $212.00 to $250.00 and gave the company a “market outperform” rating in a research report on Monday, October 27th. Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, August 19th. Finally, Northland Securities increased their target price on shares of Palo Alto Networks from $177.00 to $190.00 and gave the company a “market perform” rating in a research note on Thursday, November 20th. Thirty equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $225.09.

Insider Buying and Selling 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, December 1st. The shares were sold at an average price of $189.39, for a total value of $132,573.00. Following the completion of the sale, the chief accounting officer directly owned 46,805 shares of the company’s stock, valued at $8,864,398.95. The trade was a 1.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,215,830 shares of company stock valued at $249,260,680 over the last three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $195.35 on Tuesday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $223.61. The business’s 50-day moving average price is $205.81 and its two-hundred day moving average price is $197.43. The company has a market capitalization of $136.16 billion, a P/E ratio of 123.64, a price-to-earnings-growth ratio of 4.71 and a beta of 0.79.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Thursday, November 20th. The network technology company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.04. The company had revenue of $2.47 billion during the quarter, compared to the consensus estimate of $2.46 billion. Palo Alto Networks had a return on equity of 17.05% and a net margin of 11.69%.The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period last year, the business earned $1.56 EPS. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

About Palo Alto Networks

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.