Little House Capital LLC Makes New $769,000 Investment in Palo Alto Networks, Inc. (NASDAQ:PANW)

Little House Capital LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, HoldingsChannel reports. The firm bought 2,608 shares of the network technology company’s stock, valued at approximately $769,000.

Other hedge funds also recently bought and sold shares of the company. Webster Bank N. A. raised its holdings in shares of Palo Alto Networks by 607.1% during the fourth quarter. Webster Bank N. A. now owns 99 shares of the network technology company’s stock worth $29,000 after acquiring an additional 85 shares during the period. Cedar Mountain Advisors LLC grew its position in shares of Palo Alto Networks by 87.0% in the 4th quarter. Cedar Mountain Advisors LLC now owns 101 shares of the network technology company’s stock valued at $30,000 after acquiring an additional 47 shares during the period. MV Capital Management Inc. boosted its holdings in Palo Alto Networks by 37.2% in the 4th quarter. MV Capital Management Inc. now owns 107 shares of the network technology company’s stock valued at $32,000 after purchasing an additional 29 shares during the period. First Pacific Financial raised its position in shares of Palo Alto Networks by 421.7% in the 3rd quarter. First Pacific Financial now owns 120 shares of the network technology company’s stock valued at $28,000 after buying an additional 97 shares in the last quarter. Finally, Byrne Asset Management LLC increased its position in Palo Alto Networks by 277.8% during the 3rd quarter. Byrne Asset Management LLC now owns 136 shares of the network technology company’s stock worth $32,000 after purchasing an additional 100 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup increased their target price on shares of Palo Alto Networks from $280.00 to $335.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. The Goldman Sachs Group upped their price objective on shares of Palo Alto Networks from $274.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Capital One Financial downgraded shares of Palo Alto Networks from an “overweight” rating to an “equal weight” rating and set a $302.00 price objective on the stock. in a report on Wednesday, February 21st. BMO Capital Markets lowered their price objective on shares of Palo Alto Networks from $378.00 to $327.00 and set an “outperform” rating on the stock in a report on Wednesday, February 21st. Finally, Northland Securities downgraded shares of Palo Alto Networks from an “outperform” rating to a “market perform” rating and set a $275.00 price objective on the stock. in a report on Wednesday, February 21st. Eleven equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $314.82.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 60,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the completion of the transaction, the executive vice president now owns 174,075 shares in the company, valued at $46,659,063. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, President William D. Jenkins, Jr. sold 1,867 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $280.13, for a total transaction of $523,002.71. Following the completion of the transaction, the president now owns 25,812 shares of the company’s stock, valued at $7,230,715.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $268.04, for a total transaction of $16,082,400.00. Following the transaction, the executive vice president now directly owns 174,075 shares of the company’s stock, valued at approximately $46,659,063. The disclosure for this sale can be found here. Insiders sold 167,917 shares of company stock worth $49,395,553 over the last quarter. 3.30% of the stock is currently owned by company insiders.

Palo Alto Networks Price Performance

NASDAQ:PANW traded up $2.63 on Friday, reaching $291.42. 2,246,512 shares of the company’s stock were exchanged, compared to its average volume of 3,487,617. The firm has a market cap of $94.16 billion, a price-to-earnings ratio of 45.53, a P/E/G ratio of 3.96 and a beta of 1.19. Palo Alto Networks, Inc. has a 52 week low of $176.30 and a 52 week high of $380.84. The stock has a fifty day simple moving average of $287.61 and a 200-day simple moving average of $292.35.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, February 20th. The network technology company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.22. The firm had revenue of $1.98 billion during the quarter, compared to analyst estimates of $1.97 billion. Palo Alto Networks had a net margin of 30.24% and a return on equity of 36.58%. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.77 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.