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

Tradewinds LLC. boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 102.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 bought and sold shares of the company. SJS Investment Consulting Inc. boosted its position 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 purchasing an additional 69 shares in the last quarter. Valued Wealth Advisors LLC boosted its holdings in shares of Palo Alto Networks by 246.3% during the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company's stock valued at $26,000 after buying an additional 101 shares in the last quarter. Abound Wealth Management grew its position in shares of Palo Alto Networks by 97.3% in the 4th quarter. Abound Wealth Management now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC increased its stake in shares of Palo Alto Networks by 265.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company's stock worth $27,000 after acquiring an additional 106 shares in the last quarter. Finally, Capital Advisors Ltd. LLC increased its stake in shares of Palo Alto Networks by 102.6% in the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after acquiring an additional 79 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

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Palo Alto Networks Stock Performance

Shares of NASDAQ PANW traded up $0.67 during midday trading on Tuesday, reaching $171.31. The stock had a trading volume of 4,034,298 shares, compared to its average volume of 5,899,185. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39. The stock has a 50-day moving average of $187.01 and a 200-day moving average of $185.46. The company has a market capitalization of $113.42 billion, a price-to-earnings ratio of 96.51, a price-to-earnings-growth ratio of 5.64 and a beta of 1.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $2.26 billion during the quarter, compared to analyst estimates 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, analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PANW shares. Rosenblatt Securities restated a "buy" rating and issued a $235.00 price objective on shares of Palo Alto Networks in a report on Monday. Royal Bank of Canada restated an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, February 10th. Barclays lowered their price objective on Palo Alto Networks from $425.00 to $213.00 and set an "overweight" rating for the company in a research note on Tuesday, December 17th. Citigroup increased their target price on Palo Alto Networks from $205.00 to $220.00 and gave the stock a "buy" rating in a research note on Tuesday, February 25th. Finally, KeyCorp lifted their price target on Palo Alto Networks from $217.00 to $240.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, twenty-eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $204.27.

Insider Buying and Selling

In other Palo Alto Networks news, CEO Nikesh Arora sold 235,492 shares of Palo Alto Networks stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $183.32, for a total value of $43,170,393.44. Following the sale, the chief executive officer now directly owns 1,086,404 shares in the company, valued at approximately $199,159,581.28. The trade was a 17.81 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 99,707 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 358,197 shares of the company's stock, valued at $65,353,042.65. This trade represents a 21.77 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,122,864 shares of company stock valued at $204,315,811. Corporate 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.