EagleClaw Capital Managment LLC Grows Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

EagleClaw Capital Managment LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 37,799 shares of the network technology company’s stock after acquiring an additional 1,270 shares during the period. Palo Alto Networks comprises approximately 2.2% of EagleClaw Capital Managment LLC’s investment portfolio, making the stock its 9th largest holding. EagleClaw Capital Managment LLC’s holdings in Palo Alto Networks were worth $12,920,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pathway Financial Advisers LLC acquired a new stake in shares of Palo Alto Networks in the 1st quarter valued at $25,000. Capital Advisors Ltd. LLC boosted its holdings in shares of Palo Alto Networks by 113.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 41 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Palo Alto Networks by 352.6% during the 3rd quarter. Sound Income Strategies LLC now owns 86 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 67 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in shares of Palo Alto Networks by 177.4% during the 3rd quarter. Strategic Investment Solutions Inc. IL now owns 86 shares of the network technology company’s stock valued at $29,000 after acquiring an additional 55 shares in the last quarter. Finally, Cape Investment Advisory Inc. boosted its holdings in shares of Palo Alto Networks by 1,111.1% during the 1st quarter. Cape Investment Advisory Inc. now owns 109 shares of the network technology company’s stock valued at $31,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. raised their target price on Palo Alto Networks from $387.00 to $449.00 and gave the stock an “overweight” rating in a research report on Monday. Jefferies Financial Group lifted their price objective on Palo Alto Networks from $400.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday. BTIG Research lifted their price objective on Palo Alto Networks from $366.00 to $395.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Deutsche Bank Aktiengesellschaft lifted their price objective on Palo Alto Networks from $330.00 to $395.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Finally, Oppenheimer raised their target price on Palo Alto Networks from $410.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $391.92.

Insiders Place Their Bets

In related news, CEO Nikesh Arora sold 81,586 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $367.99, for a total value of $30,022,832.14. Following the completion of the transaction, the chief executive officer now directly owns 618,715 shares of the company’s stock, valued at $227,680,932.85. This represents a 11.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 60,000 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $344.98, for a total value of $20,698,800.00. Following the completion of the sale, the executive vice president now directly owns 159,009 shares of the company’s stock, valued at $54,854,924.82. The trade was a 27.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 254,252 shares of company stock worth $89,041,637 over the last three months. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Down 0.3 %

PANW traded down $1.25 on Wednesday, hitting $386.81. The company had a trading volume of 142,546 shares, compared to its average volume of 3,819,786. The firm has a market cap of $125.95 billion, a P/E ratio of 53.53, a PEG ratio of 5.61 and a beta of 1.12. Palo Alto Networks, Inc. has a 1 year low of $258.17 and a 1 year high of $408.53. The company’s fifty day moving average price is $361.53 and its 200 day moving average price is $338.02.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 19th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.10. The company had revenue of $2.19 billion for the quarter, compared to analyst estimates of $2.16 billion. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. On average, analysts predict that Palo Alto Networks, Inc. will post 3.56 earnings per share for the current year.

About Palo Alto Networks

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.