Triad Wealth Partners LLC Takes Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Triad Wealth Partners LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,638 shares of the network technology company’s stock, valued at approximately $298,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tradewinds LLC. grew its holdings in Palo Alto Networks by 1.2% during the third quarter. Tradewinds LLC. now owns 2,315 shares of the network technology company’s stock valued at $791,000 after purchasing an additional 28 shares during the period. Klingman & Associates LLC boosted its stake in shares of Palo Alto Networks by 4.2% in the third quarter. Klingman & Associates LLC now owns 750 shares of the network technology company’s stock worth $256,000 after acquiring an additional 30 shares during the period. Carr Financial Group Corp boosted its stake in shares of Palo Alto Networks by 4.4% in the third quarter. Carr Financial Group Corp now owns 715 shares of the network technology company’s stock worth $244,000 after acquiring an additional 30 shares during the period. First Dallas Securities Inc. boosted its stake in shares of Palo Alto Networks by 1.4% in the third quarter. First Dallas Securities Inc. now owns 2,130 shares of the network technology company’s stock worth $728,000 after acquiring an additional 30 shares during the period. Finally, Opinicus Capital Inc. lifted its position in shares of Palo Alto Networks by 1.5% in the third quarter. Opinicus Capital Inc. now owns 2,138 shares of the network technology company’s stock worth $731,000 after buying an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 0.1 %

NASDAQ:PANW opened at $184.28 on Thursday. Palo Alto Networks, Inc. has a 52 week low of $132.50 and a 52 week high of $208.39. The stock has a market capitalization of $122.01 billion, a PE ratio of 103.82, a price-to-earnings-growth ratio of 5.64 and a beta of 1.14. The stock’s 50-day moving average price is $186.34 and its 200-day moving average price is $184.74.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.24 billion. Sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Nikesh Arora sold 490,723 shares of Palo Alto Networks stock in a transaction dated 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 directly owns 1,086,404 shares in the company, valued at approximately $198,214,409.80. The trade was a 31.11 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lee Klarich sold 120,000 shares of Palo Alto Networks stock in a transaction dated Monday, January 6th. The stock was 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 approximately $65,744,323.20. The trade was a 24.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,122,864 shares of company stock worth $204,315,811. Insiders own 2.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PANW. Bank of America boosted their target price on Palo Alto Networks from $200.00 to $215.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Barclays decreased their target price 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. Northland Securities reiterated a “market perform” rating and issued a $185.00 target price (up from $175.00) on shares of Palo Alto Networks in a research report on Thursday, November 21st. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Monday, January 6th. Finally, Oppenheimer restated an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a research report on Thursday, November 21st. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating, twenty-eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $205.06.

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.