Duncker Streett & Co. Inc. Increases Stake in Palo Alto Networks, Inc. (NASDAQ:PANW)

Duncker Streett & Co. Inc. increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 114.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 34,137 shares of the network technology company’s stock after acquiring an additional 18,252 shares during the quarter. Palo Alto Networks comprises 1.2% of Duncker Streett & Co. Inc.’s investment portfolio, making the stock its 21st largest holding. Duncker Streett & Co. Inc.’s holdings in Palo Alto Networks were worth $6,212,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in PANW. Geode Capital Management LLC boosted its stake in Palo Alto Networks by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 7,656,968 shares of the network technology company’s stock worth $2,609,486,000 after purchasing an additional 220,900 shares during the period. Jennison Associates LLC boosted its stake in Palo Alto Networks by 83.0% in the 4th quarter. Jennison Associates LLC now owns 5,759,689 shares of the network technology company’s stock worth $1,048,033,000 after purchasing an additional 2,612,474 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Palo Alto Networks by 1.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,005,161 shares of the network technology company’s stock worth $685,364,000 after purchasing an additional 31,595 shares during the period. Nordea Investment Management AB boosted its stake in Palo Alto Networks by 199.1% in the 4th quarter. Nordea Investment Management AB now owns 1,822,336 shares of the network technology company’s stock worth $333,925,000 after purchasing an additional 1,213,073 shares during the period. Finally, Swedbank AB boosted its stake in Palo Alto Networks by 107.8% in the 4th quarter. Swedbank AB now owns 1,634,701 shares of the network technology company’s stock worth $297,450,000 after purchasing an additional 848,127 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $190.43 on Friday. The stock has a market cap of $126.08 billion, a PE ratio of 107.29, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39. The stock has a fifty day moving average of $186.64 and a 200 day moving average of $184.44.

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, beating analysts’ consensus estimates of $0.75 by $0.06. The company 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%. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total value of $126,854.00. Following the completion of the sale, the chief accounting officer now owns 47,976 shares in the company, valued at $8,694,210.72. This represents a 1.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Nikesh Arora sold 235,492 shares of the stock in a transaction dated Friday, January 3rd. The stock was sold at an average price of $183.32, for a total value of $43,170,393.44. Following the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at $199,159,581.28. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,122,864 shares of company stock worth $204,315,811 over the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

PANW has been the subject of several analyst reports. Stifel Nicolaus raised their target price on Palo Alto Networks from $192.50 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. TD Cowen raised their target price on Palo Alto Networks from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $190.00 price target (down previously from $207.00) on shares of Palo Alto Networks in a research report on Wednesday, January 8th. JPMorgan Chase & Co. lifted their price target on Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Rosenblatt Securities lifted their price target on Palo Alto Networks from $212.50 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, February 11th. Three investment 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. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $205.06.

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.