Stenger Family Office LLC Buys 2,782 Shares of Palo Alto Networks, Inc. $PANW

Stenger Family Office LLC boosted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 13.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,273 shares of the network technology company’s stock after acquiring an additional 2,782 shares during the quarter. Palo Alto Networks accounts for about 0.9% of Stenger Family Office LLC’s investment portfolio, making the stock its 22nd largest holding. Stenger Family Office LLC’s holdings in Palo Alto Networks were worth $5,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Exchange Traded Concepts LLC raised its holdings in Palo Alto Networks by 29.4% during the 3rd quarter. Exchange Traded Concepts LLC now owns 32,155 shares of the network technology company’s stock valued at $6,547,000 after buying an additional 7,301 shares during the last quarter. Silver Oak Securities Incorporated grew its holdings in Palo Alto Networks by 240.1% in the 3rd quarter. Silver Oak Securities Incorporated now owns 11,732 shares of the network technology company’s stock worth $2,389,000 after acquiring an additional 8,282 shares during the last quarter. GoalVest Advisory LLC increased its position in shares of Palo Alto Networks by 1,248.9% in the third quarter. GoalVest Advisory LLC now owns 10,899 shares of the network technology company’s stock valued at $2,219,000 after acquiring an additional 10,091 shares during the period. Schroder Investment Management Group raised its stake in shares of Palo Alto Networks by 7.9% during the second quarter. Schroder Investment Management Group now owns 2,234,551 shares of the network technology company’s stock valued at $457,279,000 after acquiring an additional 163,718 shares during the last quarter. Finally, Richmond Investment Services LLC boosted its holdings in shares of Palo Alto Networks by 87.2% during the second quarter. Richmond Investment Services LLC now owns 3,286 shares of the network technology company’s stock worth $672,000 after purchasing an additional 1,531 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total transaction of $940,900.00. Following the completion of the transaction, the executive vice president owned 155,119 shares of the company’s stock, valued at $29,190,293.42. This trade represents a 3.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $217.94, for a total value of $26,321,485.56. Following the completion of the sale, the executive vice president directly owned 356,409 shares in the company, valued at $77,675,777.46. This trade represents a 25.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 382,016 shares of company stock worth $76,386,460 over the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Rosenblatt Securities boosted their price target on Palo Alto Networks from $225.00 to $250.00 and gave the company a “buy” rating in a report on Tuesday, November 18th. JMP Securities boosted their target price on Palo Alto Networks from $212.00 to $250.00 and gave the company a “market outperform” rating in a research note on Monday, October 27th. HSBC downgraded Palo Alto Networks from a “hold” rating to a “reduce” rating and set a $157.00 target price for the company. in a report on Thursday, November 20th. Citigroup reiterated a “buy” rating on shares of Palo Alto Networks in a report on Monday, January 12th. Finally, TD Cowen upped their price objective on shares of Palo Alto Networks from $230.00 to $255.00 and gave the stock a “buy” rating in a report on Thursday, November 13th. Thirty-one investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $229.09.

Palo Alto Networks Trading Down 0.0%

Shares of Palo Alto Networks stock opened at $187.66 on Friday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $223.61. The firm has a market capitalization of $130.80 billion, a P/E ratio of 118.77, a P/E/G ratio of 4.47 and a beta of 0.76. The business has a fifty day simple moving average of $191.35 and a two-hundred day simple moving average of $195.67.

Palo Alto Networks (NASDAQ:PANW) last released its 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. Palo Alto Networks had a net margin of 11.69% and a return on equity of 17.05%. The firm had revenue of $2.47 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm earned $1.56 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. Analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.