Coyle Financial Counsel LLC Has $278,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Coyle Financial Counsel LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 134.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,530 shares of the network technology company’s stock after purchasing an additional 878 shares during the period. Coyle Financial Counsel LLC’s holdings in Palo Alto Networks were worth $278,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Tradewinds LLC. grew its position in shares of Palo Alto Networks by 1.2% during the 3rd quarter. Tradewinds LLC. now owns 2,315 shares of the network technology company’s stock worth $791,000 after purchasing an additional 28 shares in the last quarter. Rosenberg Matthew Hamilton boosted its position in shares of Palo Alto Networks by 9.4% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 348 shares of the network technology company’s stock worth $119,000 after acquiring an additional 30 shares in the last quarter. Geneva Partners LLC boosted its position in shares of Palo Alto Networks by 0.3% during the 3rd quarter. Geneva Partners LLC now owns 10,945 shares of the network technology company’s stock worth $3,741,000 after acquiring an additional 30 shares in the last quarter. Klingman & Associates LLC boosted its position in shares of Palo Alto Networks by 4.2% during the 3rd quarter. Klingman & Associates LLC now owns 750 shares of the network technology company’s stock worth $256,000 after acquiring an additional 30 shares in the last quarter. Finally, Carr Financial Group Corp boosted its position in shares of Palo Alto Networks by 4.4% during the 3rd quarter. Carr Financial Group Corp now owns 715 shares of the network technology company’s stock worth $244,000 after acquiring an additional 30 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 99,707 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $182.45, for a total transaction of $18,191,542.15. Following the completion of the transaction, the executive vice president now directly owns 358,197 shares of the company’s stock, valued at $65,353,042.65. This represents a 21.77 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred 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 represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

PANW has been the topic of several analyst reports. Needham & Company LLC increased their price target on shares of Palo Alto Networks from $192.50 to $225.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. TD Cowen increased their price target on shares of Palo Alto Networks from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. BMO Capital Markets increased their price target on shares of Palo Alto Networks from $195.00 to $212.50 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Citigroup reduced their price target on shares of Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating on the stock in a research report on Friday, January 17th. Finally, Jefferies Financial Group increased their price target on shares of Palo Alto Networks from $225.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $204.69.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $190.39 on Tuesday. Palo Alto Networks, Inc. has a 52-week low of $132.50 and a 52-week high of $208.39. The company has a 50-day simple moving average of $186.85 and a two-hundred day simple moving average of $183.92. The company has a market capitalization of $126.06 billion, a price-to-earnings ratio of 107.26, a PEG ratio of 5.64 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.