Moody Lynn & Lieberson LLC Purchases 87 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Moody Lynn & Lieberson LLC boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,368 shares of the network technology company’s stock after purchasing an additional 87 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in Palo Alto Networks were worth $6,962,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors LLC bought a new stake in shares of Palo Alto Networks in the 1st quarter valued at about $56,000. Sunbelt Securities Inc. increased its stake in shares of Palo Alto Networks by 91.0% in the 1st quarter. Sunbelt Securities Inc. now owns 1,683 shares of the network technology company’s stock valued at $478,000 after acquiring an additional 802 shares during the last quarter. Wealthcare Advisory Partners LLC increased its stake in shares of Palo Alto Networks by 91.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 5,520 shares of the network technology company’s stock valued at $1,568,000 after acquiring an additional 2,638 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in shares of Palo Alto Networks by 19.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,235 shares of the network technology company’s stock valued at $351,000 after purchasing an additional 200 shares during the period. Finally, Register Financial Advisors LLC grew its position in shares of Palo Alto Networks by 5.7% in the 1st quarter. Register Financial Advisors LLC now owns 737 shares of the network technology company’s stock valued at $209,000 after purchasing an additional 40 shares during the period. 79.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler boosted their price objective on Palo Alto Networks from $300.00 to $330.00 and gave the company a “neutral” rating in a research report on Tuesday, August 20th. BTIG Research boosted their price objective on Palo Alto Networks from $366.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of Palo Alto Networks in a research report on Monday, August 19th. Robert W. Baird boosted their price objective on Palo Alto Networks from $360.00 to $375.00 and gave the company an “outperform” rating in a research report on Friday, August 16th. Finally, Citigroup boosted their price objective on Palo Alto Networks from $385.00 to $395.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $376.82.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Nir Zuk sold 36,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $317.77, for a total transaction of $11,439,720.00. Following the transaction, the executive vice president now owns 1,187,567 shares in the company, valued at $377,373,165.59. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, EVP Nir Zuk sold 36,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $317.77, for a total transaction of $11,439,720.00. Following the sale, the executive vice president now directly owns 1,187,567 shares of the company’s stock, valued at approximately $377,373,165.59. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 200 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $323.41, for a total value of $64,682.00. Following the sale, the chief accounting officer now directly owns 24,782 shares in the company, valued at approximately $8,014,746.62. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 351,452 shares of company stock worth $118,643,279 in the last 90 days. Company insiders own 3.30% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $364.58 on Friday. The stock has a market capitalization of $118.71 billion, a price-to-earnings ratio of 50.29, a PEG ratio of 5.45 and a beta of 1.13. The business’s fifty day moving average price is $350.84 and its two-hundred day moving average price is $325.17. Palo Alto Networks, Inc. has a fifty-two week low of $233.81 and a fifty-two week high of $384.00.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.10. The firm had revenue of $2.19 billion for the quarter, compared to analysts’ expectations of $2.16 billion. Palo Alto Networks had a return on equity of 26.83% and a net margin of 32.11%. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.80 EPS. Research analysts expect that Palo Alto Networks, Inc. will post 3.57 EPS for the current year.

Palo Alto Networks Company 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.