Bradyco Inc. Acquires Shares of 8,138 Palo Alto Networks, Inc. (NASDAQ:PANW)

Bradyco Inc. purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 8,138 shares of the network technology company’s stock, valued at approximately $1,481,000. Palo Alto Networks makes up about 1.0% of Bradyco Inc.’s investment portfolio, making the stock its 21st largest position.

Other large investors also recently made changes to their positions in the company. Edgestream Partners L.P. lifted its position in Palo Alto Networks by 1,244.3% during the fourth quarter. Edgestream Partners L.P. now owns 24,830 shares of the network technology company’s stock valued at $4,518,000 after purchasing an additional 22,983 shares during the last quarter. Marco Investment Management LLC increased its stake in shares of Palo Alto Networks by 96.9% in the 4th quarter. Marco Investment Management LLC now owns 134,829 shares of the network technology company’s stock worth $24,533,000 after acquiring an additional 66,354 shares in the last quarter. Evergreen Private Wealth LLC increased its stake in shares of Palo Alto Networks by 100.8% in the 4th quarter. Evergreen Private Wealth LLC now owns 1,436 shares of the network technology company’s stock worth $261,000 after acquiring an additional 721 shares in the last quarter. Jackson Creek Investment Advisors LLC increased its stake in Palo Alto Networks by 92.1% during the 4th quarter. Jackson Creek Investment Advisors LLC now owns 2,536 shares of the network technology company’s stock valued at $461,000 after purchasing an additional 1,216 shares in the last quarter. Finally, BBR Partners LLC boosted its holdings in shares of Palo Alto Networks by 195.3% during the 4th quarter. BBR Partners LLC now owns 4,208 shares of the network technology company’s stock valued at $766,000 after acquiring an additional 2,783 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Activity

In other Palo Alto Networks news, CEO Nikesh Arora sold 176,242 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $180.04, for a total transaction of $31,730,609.68. Following the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $195,596,176.16. The trade was a 13.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,000 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction of $21,564,000.00. Following the completion of the sale, the executive vice president now directly owns 365,856 shares in the company, valued at approximately $65,744,323.20. This represents a 24.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,122,864 shares of company stock worth $204,315,811. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PANW. StockNews.com downgraded shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Scotiabank boosted their target price on shares of Palo Alto Networks from $200.00 to $225.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. BMO Capital Markets boosted their target price on shares of Palo Alto Networks from $195.00 to $212.50 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a report on Thursday, November 21st. Finally, Barclays cut their price target on shares of Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating on the stock in a report on Tuesday, December 17th. Three 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $205.06.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $179.33 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $132.50 and a fifty-two week high of $208.39. The stock has a market capitalization of $118.73 billion, a price-to-earnings ratio of 101.03, a PEG ratio of 5.64 and a beta of 1.14. The business has a 50-day moving average of $186.16 and a 200-day moving average of $184.71.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.06. The business had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

About Palo Alto Networks

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.