Palo Alto Networks, Inc. $PANW Stake Lessened by Yousif Capital Management LLC

Yousif Capital Management LLC cut its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,163 shares of the network technology company’s stock after selling 3,497 shares during the period. Yousif Capital Management LLC’s holdings in Palo Alto Networks were worth $13,098,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC boosted its stake in Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares in the last quarter. Bison Wealth LLC boosted its stake in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after buying an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after buying an additional 1,389 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Palo Alto Networks during the second quarter valued at about $1,283,000. Finally, L2 Asset Management LLC boosted its stake in Palo Alto Networks by 5.2% during the second quarter. L2 Asset Management LLC now owns 2,924 shares of the network technology company’s stock valued at $598,000 after buying an additional 145 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Transactions at Palo Alto Networks

In related news, Director James J. Goetz sold 22,684 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $164.41, for a total value of $3,729,476.44. Following the completion of the transaction, the director owned 52,500 shares of the company’s stock, valued at approximately $8,631,525. This trade represents a 30.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $161.40, for a total transaction of $177,540.00. Following the completion of the transaction, the chief accounting officer directly owned 83,136 shares of the company’s stock, valued at $13,418,150.40. This represents a 1.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 149,552 shares of company stock worth $27,779,427. 1.40% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. BTIG Research reaffirmed a “buy” rating and set a $200.00 target price on shares of Palo Alto Networks in a research note on Wednesday, February 18th. BMO Capital Markets reduced their target price on shares of Palo Alto Networks from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Truist Financial set a $200.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a report on Tuesday, February 17th. Susquehanna reduced their target price on shares of Palo Alto Networks from $230.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, February 18th. Finally, Rosenblatt Securities restated a “buy” rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $209.95.

Palo Alto Networks Stock Up 4.9%

NASDAQ:PANW opened at $169.87 on Wednesday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $223.61. The firm has a market capitalization of $138.61 billion, a price-to-earnings ratio of 93.85, a price-to-earnings-growth ratio of 5.89 and a beta of 0.77. The stock has a fifty day simple moving average of $161.41 and a 200 day simple moving average of $185.31.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same quarter last year, the business posted $0.81 EPS. The company’s revenue was up 14.9% on a year-over-year basis. Equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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.