Nordwand Advisors LLC Takes Position in Palo Alto Networks, Inc. $PANW

Nordwand Advisors LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 31,517 shares of the network technology company’s stock, valued at approximately $6,450,000. Palo Alto Networks accounts for approximately 1.0% of Nordwand Advisors LLC’s portfolio, making the stock its 28th largest holding.

A number of other large investors have also bought and sold shares of the stock. Whipplewood Advisors LLC raised its holdings in shares of Palo Alto Networks by 6,400.0% during the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 128 shares during the period. Briaud Financial Planning Inc acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $28,000. MTM Investment Management LLC bought a new stake in Palo Alto Networks in the 2nd quarter valued at about $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $33,000. Finally, WPG Advisers LLC acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $37,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PANW has been the subject of a number of research reports. Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Jefferies Financial Group reiterated a “buy” rating and issued a $250.00 target price (up from $235.00) on shares of Palo Alto Networks in a report on Tuesday, November 11th. Citigroup reissued an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, October 27th. UBS Group upped their price objective on shares of Palo Alto Networks from $200.00 to $230.00 and gave the stock a “neutral” rating in a report on Thursday, November 13th. Finally, Guggenheim raised their price objective on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $223.24.

Palo Alto Networks Trading Down 1.1%

Shares of NASDAQ:PANW opened at $202.90 on Tuesday. The stock has a market cap of $138.78 billion, a PE ratio of 126.42, a price-to-earnings-growth ratio of 4.88 and a beta of 0.95. The stock’s fifty day simple moving average is $209.18 and its two-hundred day simple moving average is $197.32. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $219.97, for a total transaction of $153,979.00. Following the transaction, the chief accounting officer owned 47,505 shares of the company’s stock, valued at $10,449,674.85. This trade represents a 1.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares in the company, valued at $56,119,152.78. The trade was a 75.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,215,830 shares of company stock worth $249,160,428. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks 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.