Cohen Capital Management Inc. Has $354,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Cohen Capital Management Inc. grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 110.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,948 shares of the network technology company’s stock after buying an additional 1,024 shares during the period. Cohen Capital Management Inc.’s holdings in Palo Alto Networks were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Geode Capital Management LLC increased its stake in Palo Alto Networks by 3.0% in the 3rd quarter. Geode Capital Management LLC now owns 7,656,968 shares of the network technology company’s stock valued at $2,609,486,000 after buying an additional 220,900 shares during the period. Jennison Associates LLC grew its holdings in shares of 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 acquiring an additional 2,612,474 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Palo Alto Networks by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,005,161 shares of the network technology company’s stock worth $685,364,000 after acquiring an additional 31,595 shares during the last quarter. Nordea Investment Management AB raised its holdings 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 in the last quarter. Finally, Swedbank AB raised its holdings in shares of Palo Alto Networks by 107.8% during the fourth 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 in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PANW shares. TD Cowen upped their target price on Palo Alto Networks from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. JMP Securities boosted their price target on Palo Alto Networks from $208.00 to $212.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. JPMorgan Chase & Co. raised their price objective on shares of Palo Alto Networks from $193.50 to $224.50 and gave the company an “overweight” rating in a research report on Monday, November 18th. Robert W. Baird boosted their target price on shares of Palo Alto Networks from $212.50 to $217.50 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. Finally, Stifel Nicolaus increased their price target on shares of Palo Alto Networks from $192.50 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $204.69.

Palo Alto Networks Trading Down 3.9 %

Shares of NASDAQ PANW opened at $191.03 on Friday. The firm has a market capitalization of $126.48 billion, a price-to-earnings ratio of 107.62, a PEG ratio of 5.64 and a beta of 1.14. The business has a fifty day simple moving average of $187.09 and a 200 day simple moving average of $183.48. Palo Alto Networks, Inc. has a one year low of $132.50 and a one 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 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.06. The business had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In related news, CEO Nikesh Arora sold 490,723 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total value of $89,532,411.35. Following the sale, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at $198,214,409.80. The trade was a 31.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $179.70, for a total value of $21,564,000.00. Following the completion of the sale, the executive vice president now owns 365,856 shares in the company, valued at $65,744,323.20. This trade represents a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,458,864 shares of company stock valued at $269,397,331. 2.50% of the stock is currently owned by corporate insiders.

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.