2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. increased its stake in shares of Palo Alto Networks, Inc.
( NASDAQ:PANW – Free Report ) by 0.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,095 shares of the network technology company’s stock after purchasing an additional 226 shares during the period.
Palo Alto Networks makes up approximately 0.5% of B. Riley Wealth Advisors Inc.
’s investment portfolio, making the stock its 28th largest holding. B. Riley Wealth Advisors Inc.
’s holdings in Palo Alto Networks were worth $19,017,000 as of its most recent SEC filing. A number of other institutional investors have also made changes to their positions in PANW. Pathway Financial Advisers LLC acquired a new stake in shares of Palo Alto Networks during the first quarter worth $25,000.
Frank Rimerman Advisors LLC bought a new stake in shares of Palo Alto Networks in the fourth quarter worth about $27,000. Financial Synergies Wealth Advisors Inc. increased its holdings in shares of Palo Alto Networks by 3,200.
0% in the first quarter. Financial Synergies Wealth Advisors Inc. now owns 99 shares of the network technology company’s stock worth $28,000 after acquiring an additional 96 shares in the last quarter.
Central Bank & Trust Co. increased its holdings in shares of Palo Alto Networks by 89.3% in the first quarter.
Central Bank & Trust Co. now owns 106 shares of the network technology company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Finally, ICA Group Wealth Management LLC bought a new stake in shares of Palo Alto Networks in the fourth quarter worth about $31,000.
79.82% of the stock is owned by institutional investors and hedge funds. Wall Street Analyst Weigh In Several equities research analysts have issued reports on the company.
Piper Sandler increased their price target on Palo Alto Networks from $300.00 to $330.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th.
Sanford C. Bernstein increased their price target on Palo Alto Networks from $364.00 to $399.
00 and gave the stock an “outperform” rating in a report on Tuesday, August 20th. TD Cowen upped their price objective on Palo Alto Networks from $350.00 to $400.
00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Redburn Atlantic cut Palo Alto Networks from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $350.00 to $325.
00 in a research report on Thursday, July 18th. Finally, Susquehanna upped their price objective on Palo Alto Networks from $340.00 to $420.
00 and gave the stock a “positive” rating in a research report on Thursday, September 5th. Twelve analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $369.
26. Palo Alto Networks Stock Performance Shares of NASDAQ PANW opened at $335.75 on Monday.
The firm has a 50 day moving average price of $337.12 and a two-hundred day moving average price of $315.53.
The stock has a market cap of $109.32 billion, a P/E ratio of 48.80, a price-to-earnings-growth ratio of 4.
98 and a beta of 1.13. Palo Alto Networks, Inc.
has a 52-week low of $230.09 and a 52-week high of $380.84.
Palo Alto Networks ( NASDAQ:PANW – Get Free Report ) last announced its earnings results on Monday, August 19th. The network technology company reported $1.51 EPS for the quarter, topping the consensus estimate of $1.
41 by $0.10. Palo Alto Networks had a return on equity of 26.
83% and a net margin of 32.11%. The firm had revenue of $2.
19 billion for the quarter, compared to the consensus estimate of $2.16 billion. During the same period in the previous year, the business earned $0.
80 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year.
Analysts predict that Palo Alto Networks, Inc. will post 3.56 earnings per share for the current fiscal year.
Insider Activity at Palo Alto Networks In other Palo Alto Networks news, Director Mary Pat Mccarthy sold 10,000 shares of the stock in a transaction dated Tuesday, August 27th. The stock was sold at an average price of $348.49, for a total transaction of $3,484,900.
00. Following the completion of the sale, the director now directly owns 31,517 shares in the company, valued at approximately $10,983,359.33.
The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink . In other news, Director Mary Pat Mccarthy sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $348.
49, for a total transaction of $3,484,900.00. Following the completion of the sale, the director now owns 31,517 shares of the company’s stock, valued at approximately $10,983,359.
33. The sale was disclosed in a legal filing with the SEC, which is accessible through this link . Also, EVP Lee Klarich sold 125,866 shares of Palo Alto Networks stock in a transaction on Monday, July 8th.
The shares were sold at an average price of $335.00, for a total transaction of $42,165,110.00.
Following the completion of the sale, the executive vice president now owns 166,542 shares of the company’s stock, valued at approximately $55,791,570. The disclosure for this sale can be found here . Insiders have sold a total of 359,732 shares of company stock worth $118,815,557 over the last quarter.
Company insiders own 3.30% of the company’s stock. Palo Alto Networks Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Palo Alto Networks What Does Downgrade Mean in Investing? Top 5 ETFs to Own Now and Into 2025 When to Sell a Stock for Profit or Loss Watch These 3 Former Short-Squeeze Stocks for a Big Rally Insider Selling Explained: Can it Inform Your Investing Choices? Simon Property REIT: A Safe Bet for Growth and Steady Dividends Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. ( NASDAQ:PANW – Free Report ). Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.
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