Rathbones Group Plc increased its stake in Palo Alto Networks, Inc. (NASDAQ: PANW) during the company’s third fiscal quarter by 192.6%, as indicated by the most recent Form 13F filing Palo Alto Networks, Inc. made with the Securities and Exchange Commission. In the time above period, the organization purchased an aggregate of 163,325 shares of the network technology company, in addition to the previously held position of 107,512. The most recent SEC report that Rathbones Group Plc filed indicated that the company owned approximately 0.05% of Palo Alto Networks for a total market value of $26,751,000. Rathbones Group Plc provided this information.
Other institutional investors have also adjusted the proportion of the business they own now; these adjustments were made in light of recent events. Jennison Associates LLC increased the proportion of Palo Alto Networks owned by 239.8 percent during the third quarter. Jennison Associates LLC was able to acquire 1,532,582 shares of the network technology company’s stock throughout the period, bringing their total number of shares owned to 2,171,621, which has a value of $355,690,000. This brought their total number of shares owned to 2,171,621 shares. Sumitomo Mitsui Trust Holdings Inc. increased the Palo Alto Networks stock it owns by 198.9% during the third quarter. Sumitomo Mitsui Trust Holdings Inc. now has a total of 939,768 shares of the network technology company’s stock. These shares have a market value of $153,925,000 and were acquired by purchasing 625,326 additional shares during the most recent fiscal quarter. The Northern Trust Corporation increased its ownership of Palo Alto Networks by 1.1% during the first three months of 2018. Northern Trust Corp. now owns 861,098 shares of the network technology company’s stock, which has a market value of $536,041,000 after purchasing an additional 8,994 shares during the period in question. During the second quarter, Legal & General Group Plc increased its holdings in Palo Alto Networks by purchasing an additional 3.3% of its shares. After acquiring an additional 25,652 shares of the network technology company’s stock during the period, Legal & General Group Plc now owns 804,072 shares of the business’s common stock. The value of these shares on the market as of right now is $397,164,000. And finally, but certainly not least, during the third quarter, Harel Insurance Investments & Financial Services Ltd. increased the amount of Palo Alto Networks stock owned by 209%, making this the last and most important point. After purchasing an additional 395,751 shares during the most recent quarter, Harel Insurance Investments & Financial Services Ltd. now owns a total of 584,883 shares of the network technology company’s stock, which has a market value of $95,804,000. The company acquired these shares. Most of the stock is owned by hedge funds and other institutional investors, which accounts for 81.82% of the total.
During Wednesday’s trading session, the NASDAQ PANW experienced a gain of $0.05, bringing its current value to $140.05. The average number of shares traded in the company’s stock is 4,352,394, so the trading volume for the stock was significantly lower than usual, coming in at 109,183. The share currently trades at a price with a PE ratio of -291.73, a PEG ratio of 5.61, and a beta value of 1.15. The market capitalization of the stock is 42.67 billion dollars. The company’s moving averages for the past fifty days are currently sitting at $153.94, and the moving averages for the past two hundred days are currently at $166.36. During the past year, Palo Alto Networks, Inc. experienced a 52-week low of $132.22 and a 52-week high of $213.63.
The most recent quarterly earnings report for Palo Alto Networks, which is traded on the NASDAQ under the symbol PANW, was released on November 17 this year. The company specializing in network technology reported earnings per share (EPS) of $0.12 for its most recent quarter, which was $0.02 higher than the average prediction of $0.10 per share for the quarter. Palo Alto Networks reported the return on equity, and the net margin was red. The return on equity was -5.02%, and the net margin was -2.46%. The company’s revenue came in at $1.56 billion for the quarter, significantly higher than the average prediction of $1.55 billion made by financial analysts. According to projections made by analysts, profits for Palo Alto Networks, Inc. are expected to come in at $0.79 per share for the current fiscal year.
According to some additional information regarding the company, Nir Zuk, Executive Vice President of Palo Alto Networks, sold 36,000 shares of the company’s stock on December 1. The sale of the shares resulted in total revenue of $6,355,440.00, equivalent to a price of $176.54 for each share. Because of the transaction, the executive vice president now has direct ownership of 1,864,523 company stock shares, resulting in a total value of 329,162,890.42 dollars for those shares. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction. In other news, Nir Zuk, Executive Vice President, sold 36,000 shares of company stock on December 1 as part of a transaction that he completed. The details of this transaction were disclosed on December 1. The sale of the shares resulted in total revenue of $6,355,440.00, equivalent to a price of $176.54 for each share. The executive vice president currently possesses a total of 1,864,523 shares of the company, which currently have a value of $329,162,890.42 each. One can access a document that provides additional information on the transaction by going to the Securities and Exchange Commission (SEC) website. Executive Vice President Lee Klarich sold an additional 15,639 shares of the company’s stock on Tuesday, January 10. A total of 2,125,027.32 dollars’ worth of stock was traded at an average price of $135.88 per share, resulting in a total value of 2,125,027.32 dollars. The company’s executive vice president now directly owns 619,266 shares, which have a value of $84,145,864.08. Disclosures that are related to the sale might be found in this section of the website. Over the past three months, company insiders have offloaded 299,930 shares of company stock for a total value of $48,677,038. At the moment, company insiders are responsible for 3.90 percent of the total number of currently available shares.
Regarding PANW, a significant amount of research has been compiled into reports. Palo Alto Networks has gone from having a “buy” rating recommended by Guggenheim to a “neutral” rating due to a research study published on Tuesday by Guggenheim. In a research report made public by Deutsche Bank Aktiengesellschaft on November 18, the company assigned a “buy” rating to shares of Palo Alto Networks. In addition, the brokerage firm moved its price objective for the stock to $217.00, up from the previous $209.00. According to a report released on November 21 by the UBS Group, the company has increased its price target for Palo Alto Networks shares to $190.00. In a research report published on Friday, November 18, Evercore ISI raised its price objective on Palo Alto Networks stock. The report was about the company’s stock.
Compared to the previous price objective of $207.00, the new price objective has been set at $215.00. BMO Capital Markets increased their price objective on Palo Alto Networks stock from $218.00 to $225.00 in a research report published on Friday, November 18. This marked the third and final increase in the price target proposed by the company. Only six of the equity research specialists have recommended to investors that they keep their shares. In contrast, the other 29 have rated the company as a buy and encouraged investors to purchase it. According to data from Bloomberg.com, the current consensus rating for Palo Alto Networks is “Moderate Buy,” and the average price objective for the company is $231.31. Additionally, the rating for the company as a whole is “Strong Buy.”
Palo Alto Networks, Inc. is a company that serves customers all over the world by providing solutions for cybersecurity issues. Panorama is a security management solution that allows for the control of firewall appliances and software deployed on a customer’s network, in addition to their instances in public or private cloud environments, as a virtual or physical appliance. Panorama can be used to manage the security of these environments. The company provides virtual system upgrades and extensions to the virtual system capacity that come standard with physical appliances. These upgrades can be purchased separately. In addition to that, the company provides upgrades to virtual operating systems.