Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Sold by Yelin Lapidot Holdings Management Ltd.

Yelin Lapidot Holdings Management Ltd. lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,956 shares of the network technology company’s stock after selling 883 shares during the quarter. Palo Alto Networks makes up about 1.1% of Yelin Lapidot Holdings Management Ltd.’s holdings, making the stock its 23rd biggest position. Yelin Lapidot Holdings Management Ltd.’s holdings in Palo Alto Networks were worth $4,705,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Signaturefd LLC increased its position in Palo Alto Networks by 8.0% during the 3rd quarter. Signaturefd LLC now owns 5,033 shares of the network technology company’s stock worth $1,180,000 after purchasing an additional 372 shares in the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of Palo Alto Networks by 18.8% during the third quarter. Pinnacle Financial Partners Inc now owns 31,577 shares of the network technology company’s stock valued at $7,403,000 after buying an additional 5,001 shares during the period. Ieq Capital LLC boosted its position in Palo Alto Networks by 6.7% during the third quarter. Ieq Capital LLC now owns 13,559 shares of the network technology company’s stock worth $3,179,000 after acquiring an additional 851 shares during the last quarter. Lincoln National Corp grew its stake in Palo Alto Networks by 78.2% in the 3rd quarter. Lincoln National Corp now owns 6,995 shares of the network technology company’s stock worth $1,640,000 after acquiring an additional 3,069 shares during the period. Finally, Wilbanks Smith & Thomas Asset Management LLC purchased a new stake in Palo Alto Networks in the 3rd quarter worth approximately $240,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity

In other Palo Alto Networks news, EVP Lee Klarich sold 121,276 shares of the firm’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $299.60, for a total value of $36,334,289.60. Following the transaction, the executive vice president now owns 166,542 shares of the company’s stock, valued at $49,895,983.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CAO Josh D. Paul sold 1,050 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $280.00, for a total transaction of $294,000.00. Following the completion of the transaction, the chief accounting officer now owns 27,247 shares in the company, valued at $7,629,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 121,276 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $299.60, for a total transaction of $36,334,289.60. Following the completion of the sale, the executive vice president now directly owns 166,542 shares in the company, valued at approximately $49,895,983.20. The disclosure for this sale can be found here. In the last three months, insiders sold 278,326 shares of company stock valued at $80,147,130. Company insiders own 3.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PANW. Loop Capital downgraded Palo Alto Networks from a “buy” rating to a “hold” rating and set a $300.00 price objective for the company. in a research report on Wednesday, February 21st. Redburn Atlantic upped their price objective on shares of Palo Alto Networks from $275.00 to $350.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. Citigroup raised their target price on shares of Palo Alto Networks from $335.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday. Piper Sandler lowered shares of Palo Alto Networks from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $350.00 to $300.00 in a research report on Wednesday, February 21st. Finally, Capital One Financial lowered shares of Palo Alto Networks from an “overweight” rating to an “equal weight” rating and set a $302.00 price target on the stock. in a report on Wednesday, February 21st. Twelve research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $321.39.

Palo Alto Networks Trading Up 3.3 %

Palo Alto Networks stock traded up $10.16 during midday trading on Friday, hitting $321.60. The stock had a trading volume of 4,714,975 shares, compared to its average volume of 3,984,595. The business has a fifty day moving average price of $290.37 and a 200 day moving average price of $300.15. Palo Alto Networks, Inc. has a 12 month low of $201.17 and a 12 month high of $380.84. The stock has a market cap of $104.13 billion, a P/E ratio of 46.74, a P/E/G ratio of 5.20 and a beta of 1.18.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, May 20th. The network technology company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. The business had revenue of $1.98 billion for the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a return on equity of 32.74% and a net margin of 31.42%. The business’s revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 EPS. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.79 EPS for the current fiscal year.

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.