Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Purchased by Tradewinds LLC.

Tradewinds LLC. grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 102.2% during the 4th quarter, HoldingsChannel reports. The firm owned 4,680 shares of the network technology company’s stock after buying 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.

Other large investors have also modified their holdings of the company. Howard Capital Management Group LLC lifted its stake in Palo Alto Networks by 1.5% in the 3rd quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company’s stock worth $36,316,000 after purchasing an additional 1,619 shares in the last quarter. United Bank lifted its position in Palo Alto Networks by 1.3% during the third quarter. United Bank now owns 6,835 shares of the network technology company’s stock worth $2,336,000 after buying an additional 90 shares in the last quarter. Public Sector Pension Investment Board boosted its stake in Palo Alto Networks by 13.7% during the third quarter. Public Sector Pension Investment Board now owns 14,134 shares of the network technology company’s stock worth $4,831,000 after buying an additional 1,700 shares during the last quarter. True Wealth Design LLC grew its holdings in Palo Alto Networks by 2,933.3% in the 3rd quarter. True Wealth Design LLC now owns 91 shares of the network technology company’s stock valued at $31,000 after buying an additional 88 shares in the last quarter. Finally, Erste Asset Management GmbH acquired a new stake in shares of Palo Alto Networks in the 3rd quarter worth $18,987,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $170.64 on Tuesday. Palo Alto Networks, Inc. has a 1 year low of $132.50 and a 1 year high of $208.39. The company has a market capitalization of $112.98 billion, a price-to-earnings ratio of 96.14, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04. The business has a 50-day moving average of $187.26 and a two-hundred day moving average of $185.48.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 21.93% and a net margin of 14.64%. As a group, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on PANW. Barclays lowered their price target on shares of Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating on the stock in a research report on Tuesday, December 17th. Cantor Fitzgerald reissued an “overweight” rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Guggenheim lowered shares of Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research report on Monday, January 6th. StockNews.com cut Palo Alto Networks from a “buy” rating to a “hold” rating in a report on Tuesday, December 24th. Finally, Evercore ISI cut their target price on Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a research note on Tuesday, December 31st. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $204.25.

Insider Activity at Palo Alto Networks

In related 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 directly owns 47,976 shares of the company’s stock, valued at $8,694,210.72. This represents a 1.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Nikesh Arora sold 235,492 shares of Palo Alto Networks stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $199,159,581.28. This trade represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,122,864 shares of company stock valued at $204,315,811 in the last ninety days. Insiders own 2.50% of the company’s stock.

About Palo Alto Networks

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.