Golden Green Inc. has increased its stake in Palo Alto Networks, Inc. (PANW:NSD) by 11.3% during the fourth quarter. According to a recent disclosure with the Securities & Exchange Commission, the firm’s holdings in the network technology company now stand at 5,992 Palo Alto stock shares worth $836,000.
Other hedge funds that have bought and sold shares of PANW include RB Capital Management LLC, Morgens Waterfall Vintiadis & Co. Inc., United Bank, Yousif Capital Management LLC, and Prudential PLC, collectively owning 81.82% of the company’s stock.
Palo Alto stock price closed at $192.03 on Tuesday, with a market cap of $58.11 billion, a PE ratio of 2,625.53, and a beta of 1.16. The average trading volume of the stock is 4,583,848, and the fifty-day moving average price is $173.45, while the 200-day moving average price is $163.44.
PANW has received a “Strong Buy” rating from Stock Target Advisor, with an average consensus price target of $215.20. Insider transactions involving the sale of Palo Alto Networks’ shares have taken place over the past few months.