Jupiter Asset Management Ltd. Makes New $7.43 Million Investment in Palo Alto Networks, Inc. (NASDAQ:PANW)

Jupiter Asset Administration Ltd. bought a brand new place in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) throughout the 2nd quarter, in keeping with the corporate in its most up-to-date submitting with the Securities and Change Fee. The fund bought 29,080 shares of the community expertise firm’s inventory, valued at roughly $7,430,000.

A number of different hedge funds have additionally purchased and bought shares of the inventory. Value Asset Administration LLC bought a brand new stake in shares of Palo Alto Networks throughout the 1st quarter valued at about $26,000. Fortis Capital Advisors LLC bought a brand new stake in shares of Palo Alto Networks throughout the 4th quarter valued at about $28,000. CVA Household Workplace LLC raised its place in shares of Palo Alto Networks by 140.4% throughout the 2nd quarter. CVA Household Workplace LLC now owns 125 shares of the community expertise firm’s inventory valued at $32,000 after shopping for an extra 73 shares within the final quarter. Altshuler Shaham Ltd bought a brand new stake in shares of Palo Alto Networks throughout the 2nd quarter valued at about $33,000. Lastly, Raleigh Capital Administration Inc. raised its place in shares of Palo Alto Networks by 174.2% throughout the 1st quarter. Raleigh Capital Administration Inc. now owns 170 shares of the community expertise firm’s inventory valued at $34,000 after shopping for an extra 108 shares within the final quarter. Hedge funds and different institutional buyers personal 85.69% of the corporate’s inventory.

Wall Avenue Analyst Weigh In

A number of analysts have just lately issued reviews on the inventory. Raymond James upped their goal worth on shares of Palo Alto Networks from $250.00 to $260.00 and gave the corporate an “outperform” ranking in a analysis report on Thursday. Royal Financial institution of Canada reissued an “outperform” ranking and issued a $281.00 worth goal on shares of Palo Alto Networks in a analysis report on Thursday. Mizuho elevated their worth goal on shares of Palo Alto Networks from $230.00 to $270.00 and gave the inventory a “purchase” ranking in a analysis report on Monday, August twenty first. TheStreet lowered shares of Palo Alto Networks from a “b-” ranking to a “c+” ranking in a analysis report on Friday, August 4th. Lastly, HSBC started protection on shares of Palo Alto Networks in a analysis report on Friday, September twenty ninth. They issued a “maintain” ranking and a $242.00 worth goal on the inventory. 5 analysis analysts have rated the inventory with a maintain ranking and thirty-eight have assigned a purchase ranking to the corporate’s inventory. In line with MarketBeat, the corporate at present has a consensus ranking of “Reasonable Purchase” and a consensus worth goal of $273.26.

View Our Newest Analysis Report on Palo Alto Networks

Insiders Place Their Bets

In different Palo Alto Networks information, EVP Lee Klarich bought 45,000 shares of the agency’s inventory in a transaction on Friday, November third. The shares have been bought at a median worth of $243.48, for a complete worth of $10,956,600.00. Following the completion of the transaction, the manager vice chairman now owns 185,217 shares of the corporate’s inventory, valued at $45,096,635.16. The transaction was disclosed in a submitting with the SEC, which is out there at this hyperlink. In associated information, President William D. Jenkins, Jr. bought 2,040 shares of the enterprise’s inventory in a transaction on Thursday, September seventh. The shares have been bought at a median worth of $245.01, for a complete transaction of $499,820.40. Following the completion of the transaction, the president now instantly owns 37,352 shares within the firm, valued at $9,151,613.52. The transaction was disclosed in a authorized submitting with the Securities & Change Fee, which is out there on the SEC web site. Additionally, EVP Lee Klarich bought 45,000 shares of the enterprise’s inventory in a transaction on Friday, November third. The shares have been bought at a median worth of $243.48, for a complete transaction of $10,956,600.00. Following the transaction, the manager vice chairman now owns 185,217 shares of the corporate’s inventory, valued at $45,096,635.16. The disclosure for this sale will be discovered right here. During the last quarter, insiders bought 176,890 shares of firm inventory valued at $42,637,820. Insiders personal 3.30% of the corporate’s inventory.

Palo Alto Networks Inventory Up 2.2 %

NASDAQ:PANW opened at $247.59 on Friday. Palo Alto Networks, Inc. has a 52 week low of $132.22 and a 52 week excessive of $265.90. The agency has a 50 day transferring common of $244.60 and a 200 day transferring common of $233.71. The inventory has a market capitalization of $76.96 billion, a price-to-earnings ratio of 140.68, a PEG ratio of three.48 and a beta of 1.13.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) final posted its quarterly earnings outcomes on Friday, August 18th. The community expertise firm reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.15. The enterprise had income of $1.95 billion throughout the quarter, in comparison with analysts’ expectations of $1.96 billion. Palo Alto Networks had a web margin of 8.52% and a return on fairness of 48.58%. The enterprise’s quarterly income was up 26.0% on a year-over-year foundation. Throughout the identical quarter final 12 months, the corporate posted $0.15 earnings per share. As a gaggle, analysts anticipate that Palo Alto Networks, Inc. will publish 2.51 EPS for the present 12 months.

Palo Alto Networks Profile

(Free Report)

Palo Alto Networks, Inc supplies cybersecurity options worldwide. The corporate affords firewall home equipment and software program; and Panorama, a safety administration resolution for the worldwide management of community safety platform as a digital or a bodily equipment. It additionally supplies subscription providers overlaying the areas of menace prevention, malware and protracted menace, URL filtering, laptop computer and cellular gadget safety, DNS safety, Web of Issues safety, SaaS safety API, and SaaS safety inline, in addition to menace intelligence, and knowledge loss prevention.

Featured Tales

Need to see what different hedge funds are holding PANW? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report).

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

This prompt information alert was generated by narrative science expertise and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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