Robocap Asset Management Ltd Buys 9,335 Shares of Palo Alto Networks, Inc. $PANW

Robocap Asset Management Ltd grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 27.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,432 shares of the network technology company’s stock after buying an additional 9,335 shares during the period. Palo Alto Networks makes up 5.6% of Robocap Asset Management Ltd’s portfolio, making the stock its 5th biggest position. Robocap Asset Management Ltd’s holdings in Palo Alto Networks were worth $8,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of PANW. Klingman & Associates LLC grew its holdings in Palo Alto Networks by 2.2% during the third quarter. Klingman & Associates LLC now owns 2,131 shares of the network technology company’s stock valued at $434,000 after purchasing an additional 46 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Palo Alto Networks by 1.8% during the third quarter. Contravisory Investment Management Inc. now owns 2,742 shares of the network technology company’s stock worth $558,000 after purchasing an additional 48 shares in the last quarter. Mattern Wealth Management LLC grew its holdings in shares of Palo Alto Networks by 2.9% in the 3rd quarter. Mattern Wealth Management LLC now owns 1,692 shares of the network technology company’s stock valued at $345,000 after buying an additional 48 shares during the period. Astoria Portfolio Advisors LLC. increased its position in shares of Palo Alto Networks by 2.1% in the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock valued at $496,000 after buying an additional 50 shares in the last quarter. Finally, PTM Wealth Management LLC raised its stake in Palo Alto Networks by 4.0% during the 3rd quarter. PTM Wealth Management LLC now owns 1,300 shares of the network technology company’s stock worth $276,000 after buying an additional 50 shares during the period. 79.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PANW. Barclays boosted their target price on Palo Alto Networks from $215.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Palo Alto Networks in a research report on Monday, December 29th. HSBC cut Palo Alto Networks from a “hold” rating to a “reduce” rating and set a $157.00 target price for the company. in a research note on Thursday, November 20th. Wedbush reaffirmed an “outperform” rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Thursday, November 20th. Finally, BMO Capital Markets increased their price objective on shares of Palo Alto Networks from $225.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, November 17th. Thirty-one analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $229.09.

Palo Alto Networks Stock Down 1.1%

NASDAQ:PANW opened at $180.18 on Friday. The company has a market cap of $125.59 billion, a P/E ratio of 114.04, a price-to-earnings-growth ratio of 4.29 and a beta of 0.76. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $223.61. The business has a 50 day moving average price of $188.56 and a two-hundred day moving average price of $195.04.

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

Insider Buying and Selling at Palo Alto Networks

In related news, CAO Josh D. Paul sold 800 shares of the company’s stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $184.81, for a total transaction of $147,848.00. Following the sale, the chief accounting officer owned 46,005 shares in the company, valued at approximately $8,502,184.05. This represents a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total value of $940,900.00. Following the transaction, the executive vice president directly owned 155,119 shares of the company’s stock, valued at $29,190,293.42. This trade represents a 3.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 382,016 shares of company stock valued at $76,386,460. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.