Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by Tradewinds Capital Management LLC

Tradewinds Capital Management LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,160 shares of the network technology company’s stock after purchasing an additional 580 shares during the period. Tradewinds Capital Management LLC’s holdings in Palo Alto Networks were worth $211,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jennison Associates LLC boosted its position in Palo Alto Networks by 83.0% during the 4th quarter. Jennison Associates LLC now owns 5,759,689 shares of the network technology company’s stock valued at $1,048,033,000 after purchasing an additional 2,612,474 shares during the period. Nordea Investment Management AB grew its position in shares of Palo Alto Networks by 199.1% during the fourth quarter. Nordea Investment Management AB now owns 1,822,336 shares of the network technology company’s stock worth $333,925,000 after acquiring an additional 1,213,073 shares during the last quarter. Swedbank AB increased its holdings in shares of 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 acquiring an additional 848,127 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in Palo Alto Networks by 104.1% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,562,722 shares of the network technology company’s stock valued at $284,353,000 after purchasing an additional 796,964 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Palo Alto Networks by 100.6% during the 4th quarter. Fifth Third Bancorp now owns 1,374,653 shares of the network technology company’s stock valued at $250,132,000 after purchasing an additional 689,458 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 3.9 %

Palo Alto Networks stock opened at $191.03 on Friday. The firm has a market capitalization of $126.48 billion, a P/E ratio of 107.62, a PEG ratio of 5.64 and a beta of 1.14. The business has a 50-day moving average of $187.09 and a 200-day moving average of $183.48. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The firm had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. Research analysts anticipate 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, EVP Lee Klarich sold 120,000 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $179.70, for a total transaction 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 $65,744,323.20. This represents a 24.70 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Nir Zuk sold 336,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $193.70, for a total transaction of $65,081,520.00. Following the completion of the sale, the executive vice president now owns 3,643,516 shares in the company, valued at $705,730,831.62. This trade represents a 8.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,458,864 shares of company stock worth $269,397,331. Company insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on PANW shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $190.00 price target (down previously from $207.00) on shares of Palo Alto Networks in a report on Wednesday, January 8th. StockNews.com lowered Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Citigroup reduced their price objective on shares of Palo Alto Networks from $216.00 to $205.00 and set a “buy” rating for the company in a report on Friday, January 17th. Morgan Stanley raised their target price on shares of Palo Alto Networks from $223.00 to $230.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Finally, Jefferies Financial Group upped 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 note 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 MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $204.69.

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.