Tradewinds Capital Management LLC Has $211,000 Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Tradewinds Capital Management LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 100.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,160 shares of the network technology company’s stock after buying 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 filing with the SEC.

Other large investors have also recently bought and sold shares of the company. SJS Investment Consulting Inc. lifted its holdings in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after purchasing an additional 69 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in Palo Alto Networks by 113.9% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock worth $26,000 after buying an additional 41 shares during the period. Valued Wealth Advisors LLC lifted its holdings in shares of Palo Alto Networks by 246.3% during the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after buying an additional 101 shares in the last quarter. Abound Wealth Management boosted its position in shares of Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 72 shares during the period. Finally, Atlantic Edge Private Wealth Management LLC grew its stake in shares of Palo Alto Networks by 265.0% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 106 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Performance

PANW stock opened at $191.03 on Friday. The company has a market capitalization of $126.48 billion, a PE ratio of 107.62, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a one year low of $132.50 and a one year high of $208.39. The company’s 50 day moving average price is $187.09 and its two-hundred day moving average price is $183.48.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.06. The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations 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 predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analysts Set New Price Targets

PANW has been the subject of several recent research reports. TD Cowen boosted their price target on Palo Alto Networks from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Thursday, November 21st. BMO Capital Markets increased their target price on Palo Alto Networks from $195.00 to $212.50 and gave the stock an “outperform” rating in a report on Thursday, November 21st. Westpark Capital restated a “hold” rating and issued a $196.40 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Citigroup cut 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 research report on Friday, January 17th. Finally, Oppenheimer reissued an “outperform” rating and issued a $225.00 target price on shares of Palo Alto Networks in a report on Thursday, November 21st. Three investment 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $204.69.

Insider Buying and Selling at Palo Alto Networks

In related news, CEO Nikesh Arora sold 490,723 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 $89,532,411.35. Following the sale, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at approximately $198,214,409.80. This represents a 31.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction on 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 approximately $8,694,210.72. The trade was a 1.44 % decrease in their position. The disclosure for this sale can be found here. In the last three months, 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.