Delta Asset Management LLC TN Has $53,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Delta Asset Management LLC TN boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292 shares of the network technology company’s stock after acquiring an additional 146 shares during the quarter. Delta Asset Management LLC TN’s holdings in Palo Alto Networks were worth $53,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of PANW. Howard Capital Management Group LLC raised its position in shares of Palo Alto Networks by 1.5% during the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock worth $36,316,000 after acquiring an additional 1,619 shares during the last quarter. United Bank raised its holdings in Palo Alto Networks by 1.3% during the 3rd quarter. United Bank now owns 6,835 shares of the network technology company’s stock worth $2,336,000 after purchasing an additional 90 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in Palo Alto Networks by 35.4% in the third quarter. Fisher Asset Management LLC now owns 2,592 shares of the network technology company’s stock valued at $886,000 after buying an additional 677 shares during the period. Dynamic Technology Lab Private Ltd boosted its position in Palo Alto Networks by 22.9% during the third quarter. Dynamic Technology Lab Private Ltd now owns 2,582 shares of the network technology company’s stock valued at $882,000 after acquiring an additional 481 shares during the last quarter. Finally, Baldwin Investment Management LLC grew its holdings in Palo Alto Networks by 1.0% during the 3rd quarter. Baldwin Investment Management LLC now owns 8,027 shares of the network technology company’s stock worth $2,744,000 after acquiring an additional 83 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 235,492 shares of the business’s stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $183.32, for a total transaction of $43,170,393.44. Following the sale, the chief executive officer now owns 1,086,404 shares in the company, valued at approximately $199,159,581.28. The trade was a 17.81 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,000 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the transaction, the executive vice president now owns 365,856 shares of the company’s stock, valued at approximately $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock valued at $204,315,811 in the last ninety days. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $184.96 on Thursday. The company has a market capitalization of $122.46 billion, a PE ratio of 104.20, a P/E/G ratio of 5.64 and a beta of 1.04. The company has a 50-day simple moving average of $187.53 and a two-hundred day simple moving average of $185.38. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, topping 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 firm had revenue of $2.26 billion during the quarter, compared to analyst estimates of $2.24 billion. On average, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a research report on Monday, February 10th. StockNews.com cut shares of Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Scotiabank upped their price target on Palo Alto Networks from $200.00 to $225.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. KeyCorp increased their price objective on shares of Palo Alto Networks from $217.00 to $240.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $190.00 price target (down from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $205.06.

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.