Compass Capital Corp MA ADV Invests $212,000 in Palo Alto Networks, Inc. (NASDAQ:PANW)

Compass Capital Corp MA ADV bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,118 shares of the network technology company’s stock, valued at approximately $212,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Tradewinds LLC. raised its position in shares of Palo Alto Networks by 1.2% during the third quarter. Tradewinds LLC. now owns 2,315 shares of the network technology company’s stock worth $791,000 after purchasing an additional 28 shares during the period. Cromwell Holdings LLC raised its holdings in Palo Alto Networks by 3.0% during the third quarter. Cromwell Holdings LLC now owns 1,044 shares of the network technology company’s stock worth $357,000 after buying an additional 30 shares during the last quarter. Rosenberg Matthew Hamilton lifted its stake in shares of Palo Alto Networks by 9.4% in the third quarter. Rosenberg Matthew Hamilton now owns 348 shares of the network technology company’s stock valued at $119,000 after buying an additional 30 shares in the last quarter. Geneva Partners LLC grew its holdings in shares of Palo Alto Networks by 0.3% during the third quarter. Geneva Partners LLC now owns 10,945 shares of the network technology company’s stock valued at $3,741,000 after buying an additional 30 shares during the last quarter. Finally, Klingman & Associates LLC increased its position in shares of Palo Alto Networks by 4.2% during the third quarter. Klingman & Associates LLC now owns 750 shares of the network technology company’s stock worth $256,000 after acquiring an additional 30 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently weighed in on PANW. Stifel Nicolaus raised their price target on shares of Palo Alto Networks from $192.50 to $220.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Hsbc Global Res lowered Palo Alto Networks from a “hold” rating to a “moderate sell” rating in a report on Friday, November 22nd. Westpark Capital reiterated a “hold” rating and set a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. HSBC cut Palo Alto Networks from a “hold” rating to a “reduce” rating and dropped their price objective for the company from $152.00 to $145.50 in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Palo Alto Networks from $193.50 to $224.50 and gave the stock an “overweight” rating in a research note on Monday, November 18th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $204.69.

Palo Alto Networks Stock Down 3.9 %

PANW stock opened at $191.03 on Friday. The stock has a 50-day simple moving average of $187.20 and a two-hundred day simple moving average of $182.95. Palo Alto Networks, Inc. has a twelve month low of $132.50 and a twelve month high of $208.39. The firm has a market capitalization of $126.48 billion, a PE ratio of 107.62, a PEG ratio of 5.82 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. The company had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Nir Zuk sold 336,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $193.70, for a total value of $65,081,520.00. Following the completion of the transaction, the executive vice president now owns 3,643,516 shares of the company’s stock, valued at $705,730,831.62. The trade was a 8.44 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now owns 47,976 shares in the company, valued at approximately $8,694,210.72. This trade represents a 1.44 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,458,864 shares of company stock worth $269,397,331. Corporate insiders own 2.50% of the company’s stock.

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.