Palo Alto Networks, Inc. (NASDAQ:PANW) Shares Bought by Tidemark LLC

Tidemark LLC raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 105.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 366 shares of the network technology company’s stock after purchasing an additional 188 shares during the period. Tidemark LLC’s holdings in Palo Alto Networks were worth $67,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. boosted its stake in shares of Palo Alto Networks by 97.2% in the fourth quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock worth $25,000 after acquiring an additional 69 shares during the last quarter. Valued Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks by 246.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock worth $26,000 after acquiring an additional 101 shares during the last quarter. Abound Wealth Management boosted its stake 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 worth $27,000 after acquiring an additional 72 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted 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 worth $27,000 after acquiring an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Palo Alto Networks by 102.6% in the fourth 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 during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

PANW opened at $182.34 on Friday. Palo Alto Networks, Inc. has a 12 month low of $132.50 and a 12 month high of $208.39. The stock has a market capitalization of $120.73 billion, a price-to-earnings ratio of 102.73, a PEG ratio of 5.64 and a beta of 1.04. The business has a fifty day moving average price of $185.63 and a 200 day moving average price of $184.86.

Palo Alto Networks (NASDAQ:PANW) last posted 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. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.24 billion. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PANW shares. Evercore ISI lowered their price target on Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 31st. Westpark Capital reaffirmed a “hold” rating and issued a $196.40 price target on shares of Palo Alto Networks in a research note on Wednesday, February 12th. Wells Fargo & Company lifted their price objective on Palo Alto Networks from $208.00 to $225.00 and gave the stock an “overweight” rating in a research report on Thursday, November 21st. Barclays reduced their price objective on 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. Finally, Morgan Stanley lifted their price objective on Palo Alto Networks from $223.00 to $230.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.06.

Insider Activity

In other Palo Alto Networks news, CEO Nikesh Arora sold 490,723 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $182.45, for a total transaction of $89,532,411.35. Following the completion of the sale, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at $198,214,409.80. This represents a 31.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $181.22, for a total value of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares of the company’s stock, valued at approximately $8,694,210.72. This represents a 1.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,122,864 shares of company stock valued at $204,315,811. Insiders own 2.50% of the company’s stock.

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.