Tradewinds LLC. Buys 2,365 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Tradewinds LLC. grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 102.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,680 shares of the network technology company’s stock after acquiring an additional 2,365 shares during the period. Tradewinds LLC.’s holdings in Palo Alto Networks were worth $914,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of PANW. Itau Unibanco Holding S.A. purchased a new position in Palo Alto Networks during the 3rd quarter worth $29,000. True Wealth Design LLC grew its position in shares of Palo Alto Networks by 2,933.3% during the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock worth $31,000 after buying an additional 88 shares in the last quarter. SJS Investment Consulting Inc. increased its stake in shares of Palo Alto Networks by 97.2% during the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after buying an additional 69 shares during the period. Valued Wealth Advisors LLC raised its holdings in shares of Palo Alto Networks by 246.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 101 shares in the last quarter. Finally, Abound Wealth Management lifted its stake in Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 72 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 1.2 %

Shares of PANW stock opened at $170.64 on Tuesday. Palo Alto Networks, Inc. has a twelve month low of $132.50 and a twelve month high of $208.39. The stock has a market cap of $112.98 billion, a P/E ratio of 96.14, a P/E/G ratio of 5.64 and a beta of 1.04. The stock has a 50 day moving average of $187.26 and a 200 day moving average of $185.48.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share for the quarter, beating 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, research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 directly 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 in the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PANW shares. Rosenblatt Securities reissued a “buy” rating and set a $235.00 target price on shares of Palo Alto Networks in a research report on Monday. BTIG Research lowered shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. Jefferies Financial Group lowered their target price on Palo Alto Networks from $240.00 to $215.00 and set a “buy” rating for the company in a report on Monday. Morgan Stanley set a $230.00 price target on Palo Alto Networks in a report on Tuesday, March 18th. Finally, Susquehanna boosted their price target on Palo Alto Networks from $217.50 to $230.00 and gave the stock a “positive” rating in a research report on Tuesday, February 18th. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $204.25.

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.