Gordian Capital Singapore Pte Ltd Has $462,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Gordian Capital Singapore Pte Ltd lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 25.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,506 shares of the network technology company’s stock after purchasing an additional 503 shares during the quarter. Gordian Capital Singapore Pte Ltd’s holdings in Palo Alto Networks were worth $462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PANW. JT Stratford LLC raised its holdings in Palo Alto Networks by 100.0% in the 4th quarter. JT Stratford LLC now owns 12,414 shares of the network technology company’s stock valued at $2,259,000 after acquiring an additional 6,208 shares during the period. Cornerstone Advisory LLC lifted its holdings in shares of Palo Alto Networks by 77.1% during the fourth quarter. Cornerstone Advisory LLC now owns 7,043 shares of the network technology company’s stock worth $1,409,000 after purchasing an additional 3,066 shares during the period. Highview Capital Management LLC DE lifted its stake in shares of Palo Alto Networks by 103.5% in the fourth quarter. Highview Capital Management LLC DE now owns 6,426 shares of the network technology company’s stock worth $1,169,000 after acquiring an additional 3,268 shares during the period. Brown Shipley& Co Ltd boosted its holdings in Palo Alto Networks by 249.1% in the fourth quarter. Brown Shipley& Co Ltd now owns 1,920 shares of the network technology company’s stock valued at $349,000 after acquiring an additional 1,370 shares during the last quarter. Finally, RB Capital Management LLC increased its position in shares of Palo Alto Networks by 118.4% during the fourth quarter. RB Capital Management LLC now owns 5,442 shares of the network technology company’s stock worth $990,000 after buying an additional 2,950 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PANW has been the topic of several recent analyst reports. UBS Group boosted their target price on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a report on Friday, February 14th. Morgan Stanley decreased their price objective on Palo Alto Networks from $230.00 to $205.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Rosenblatt Securities reissued a “buy” rating and set a $235.00 price objective on shares of Palo Alto Networks in a report on Tuesday. HSBC raised shares of Palo Alto Networks from a “reduce” rating to a “hold” rating and set a $156.00 price target on the stock in a research report on Thursday, April 10th. Finally, Hsbc Global Res raised shares of Palo Alto Networks from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 10th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $206.40.

Palo Alto Networks Stock Performance

PANW stock opened at $181.26 on Thursday. The firm’s 50 day moving average price is $178.01 and its 200-day moving average price is $185.29. The firm has a market cap of $120.01 billion, a PE ratio of 102.12, a PEG ratio of 5.64 and a beta of 1.02. Palo Alto Networks, Inc. has a one year low of $142.01 and a one year high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, May 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.03. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.28 billion. During the same period in the previous year, the company earned $0.66 EPS. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction that occurred on Monday, April 7th. The stock was sold at an average price of $151.13, for a total value of $18,252,574.62. Following the sale, the executive vice president now owns 321,774 shares of the company’s stock, valued at approximately $48,629,704.62. This represents a 27.29% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business’s stock in a transaction on Friday, April 11th. The stock was sold at an average price of $165.41, for a total value of $16,541,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,543,516 shares of the company’s stock, valued at approximately $586,132,981.56. This trade represents a 2.74% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 568,962 shares of company stock worth $96,933,690. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Company Profile

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.