Valicenti Advisory Services Inc. Invests $1.55 Million in Palo Alto Networks Inc (PANW) Stock

Valicenti Advisory Services Inc. bought a new stake in Palo Alto Networks Inc (NYSE:PANW) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,720 shares of the network technology company’s stock, valued at approximately $1,554,000.

A number of other large investors have also bought and sold shares of PANW. Vanguard Group Inc. boosted its position in shares of Palo Alto Networks by 3.6% during the second quarter. Vanguard Group Inc. now owns 7,262,069 shares of the network technology company’s stock worth $971,738,000 after buying an additional 254,836 shares during the period. American Century Companies Inc. boosted its position in shares of Palo Alto Networks by 36.0% during the third quarter. American Century Companies Inc. now owns 2,376,862 shares of the network technology company’s stock worth $342,506,000 after buying an additional 629,523 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Palo Alto Networks by 7.2% during the third quarter. Alyeska Investment Group L.P. now owns 1,387,411 shares of the network technology company’s stock worth $199,926,000 after buying an additional 92,622 shares during the period. Northern Trust Corp boosted its position in shares of Palo Alto Networks by 109.9% during the second quarter. Northern Trust Corp now owns 1,142,533 shares of the network technology company’s stock worth $152,883,000 after buying an additional 598,115 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Palo Alto Networks by 35.5% during the third quarter. Ameriprise Financial Inc. now owns 1,068,289 shares of the network technology company’s stock worth $153,798,000 after buying an additional 279,602 shares during the period. 79.98% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Nir Zuk sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $144.69, for a total value of $289,380.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James J. Goetz sold 78,000 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $146.78, for a total value of $11,448,840.00. The disclosure for this sale can be found here. Insiders sold 354,644 shares of company stock worth $52,415,318 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Palo Alto Networks Inc (NYSE:PANW) traded up $3.66 during trading hours on Thursday, reaching $157.88. The company’s stock had a trading volume of 911,157 shares, compared to its average volume of 988,747. The company has a market capitalization of $14,510.00, a price-to-earnings ratio of -64.18 and a beta of 0.99. Palo Alto Networks Inc has a 12-month low of $107.31 and a 12-month high of $158.78.

Palo Alto Networks (NYSE:PANW) last released its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.06. The firm had revenue of $505.50 million for the quarter, compared to analyst estimates of $489.36 million. Palo Alto Networks had a negative return on equity of 15.77% and a negative net margin of 11.97%. The business’s revenue for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. equities analysts anticipate that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.

Several research analysts have recently weighed in on the company. Evercore ISI raised Palo Alto Networks from an “in-line” rating to an “outperform” rating and set a $180.00 price objective for the company in a research report on Thursday. William Blair raised Palo Alto Networks from a “market perform” rating to an “outperform” rating in a research report on Monday, December 4th. Zacks Investment Research cut Palo Alto Networks from a “buy” rating to a “hold” rating in a research report on Wednesday, November 29th. Imperial Capital upped their price objective on Palo Alto Networks from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Finally, Telsey Advisory Group upped their price objective on Palo Alto Networks from $165.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty-three have issued a buy rating to the company. Palo Alto Networks presently has a consensus rating of “Buy” and an average price target of $165.74.

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Palo Alto Networks Profile

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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