Moisand Fitzgerald Tamayo LLC Has $239,000 Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

Moisand Fitzgerald Tamayo LLC boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 97.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,312 shares of the network technology company’s stock after buying an additional 648 shares during the period. Moisand Fitzgerald Tamayo LLC’s holdings in Palo Alto Networks were worth $239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SJS Investment Consulting Inc. boosted its stake in shares of Palo Alto Networks by 97.2% in the 4th 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. Capital Advisors Ltd. LLC boosted its stake in shares of Palo Alto Networks by 113.9% in the 3rd quarter. Capital Advisors Ltd. LLC now owns 77 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 41 shares in the last quarter. Valued Wealth Advisors LLC boosted its stake in shares of Palo Alto Networks by 246.3% in the 4th quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 101 shares in the last quarter. Abound Wealth Management boosted its stake 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 valued at $27,000 after purchasing an additional 72 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC boosted 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 valued at $27,000 after purchasing an additional 106 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 99,707 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 $18,191,542.15. Following the completion of the transaction, the executive vice president now owns 358,197 shares of the company’s stock, valued at $65,353,042.65. This represents a 21.77 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Nikesh Arora sold 176,242 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $180.04, for a total value of $31,730,609.68. Following the transaction, the chief executive officer now directly owns 1,086,404 shares of the company’s stock, valued at approximately $195,596,176.16. This trade represents a 13.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,122,864 shares of company stock valued at $204,315,811 in the last quarter. 2.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PANW shares. Barclays cut their price target on Palo Alto Networks from $425.00 to $213.00 and set an “overweight” rating for the company in a report on Tuesday, December 17th. Evercore ISI cut their price target on Palo Alto Networks from $455.00 to $230.00 and set an “outperform” rating for the company in a report on Tuesday, December 31st. Jefferies Financial Group lifted their price target on Palo Alto Networks from $225.00 to $240.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Westpark Capital reaffirmed a “hold” rating and issued a $196.40 price target on shares of Palo Alto Networks in a report on Wednesday, February 12th. Finally, BTIG Research cut Palo Alto Networks from a “buy” rating to a “neutral” rating in a report on Wednesday, January 8th. 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 company’s stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.69.

Palo Alto Networks Stock Performance

Shares of PANW opened at $191.03 on Monday. The stock has a 50 day simple moving average of $187.09 and a 200 day simple moving average of $183.70. Palo Alto Networks, Inc. has a 52-week low of $132.50 and a 52-week high of $208.39. The firm has a market capitalization of $126.48 billion, a PE ratio of 107.62, a P/E/G ratio of 5.64 and a beta of 1.14.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) 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 analyst estimates of $2.24 billion. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.