Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Acquired by Jump Financial LLC

Jump Financial LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 501.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,077 shares of the network technology company’s stock after purchasing an additional 22,574 shares during the quarter. Jump Financial LLC’s holdings in Palo Alto Networks were worth $4,927,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC boosted its position in shares of Palo Alto Networks by 1.5% during the 3rd quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock worth $36,316,000 after purchasing an additional 1,619 shares during the period. M&T Bank Corp lifted its stake in Palo Alto Networks by 8.6% during the third quarter. M&T Bank Corp now owns 64,737 shares of the network technology company’s stock worth $22,127,000 after purchasing an additional 5,133 shares in the last quarter. SOA Wealth Advisors LLC. boosted its position in shares of Palo Alto Networks by 10.7% during the third quarter. SOA Wealth Advisors LLC. now owns 2,606 shares of the network technology company’s stock worth $891,000 after buying an additional 252 shares during the period. World Investment Advisors LLC grew its stake in shares of Palo Alto Networks by 15.1% in the third quarter. World Investment Advisors LLC now owns 8,528 shares of the network technology company’s stock valued at $2,915,000 after buying an additional 1,119 shares in the last quarter. Finally, Sfmg LLC raised its holdings in shares of Palo Alto Networks by 1.1% in the 3rd quarter. Sfmg LLC now owns 16,836 shares of the network technology company’s stock valued at $5,754,000 after buying an additional 189 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens assumed coverage on Palo Alto Networks in a research report on Tuesday, April 1st. They issued an “equal weight” rating and a $205.00 target price for the company. BTIG Research downgraded shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. UBS Group raised their price target on shares of Palo Alto Networks from $190.00 to $200.00 and gave the company a “neutral” rating in a research report on Friday, February 14th. KeyCorp boosted their price target on shares of Palo Alto Networks from $217.00 to $240.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Finally, StockNews.com cut Palo Alto Networks from a “buy” rating to a “hold” rating in a research note on Tuesday, December 24th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $203.91.

Insider Activity

In other Palo Alto Networks news, EVP Lee Klarich sold 99,707 shares of Palo Alto Networks stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total value of $18,191,542.15. Following the sale, the executive vice president now owns 358,197 shares of the company’s stock, valued at approximately $65,353,042.65. The trade was a 21.77 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,039,318 shares of company stock valued at $181,925,602 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Down 2.2 %

Palo Alto Networks stock opened at $169.76 on Thursday. The stock has a 50 day moving average of $181.19 and a two-hundred day moving average of $184.73. Palo Alto Networks, Inc. has a twelve month low of $137.60 and a twelve month high of $208.39. The stock has a market capitalization of $112.40 billion, a price-to-earnings ratio of 95.64, a PEG ratio of 5.64 and a beta of 1.07.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.75 by $0.06. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. Equities analysts predict that Palo Alto Networks, Inc. will post 1.76 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.