FSA Wealth Management LLC Has $214,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

FSA Wealth Management LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 46.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,174 shares of the network technology company’s stock after purchasing an additional 371 shares during the period. FSA Wealth Management LLC’s holdings in Palo Alto Networks were worth $214,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Beacon Investment Advisors LLC grew its stake in Palo Alto Networks by 99.8% in the fourth quarter. Beacon Investment Advisors LLC now owns 2,078 shares of the network technology company’s stock valued at $378,000 after purchasing an additional 1,038 shares in the last quarter. Fayez Sarofim & Co grew its holdings in Palo Alto Networks by 93.6% during the fourth quarter. Fayez Sarofim & Co now owns 4,510 shares of the network technology company’s stock valued at $821,000 after purchasing an additional 2,180 shares during the last quarter. IHT Wealth Management LLC lifted its stake in shares of Palo Alto Networks by 59.7% in the fourth quarter. IHT Wealth Management LLC now owns 22,820 shares of the network technology company’s stock worth $4,152,000 after buying an additional 8,534 shares during the last quarter. Canal Capital Management LLC grew its position in shares of Palo Alto Networks by 97.3% in the fourth quarter. Canal Capital Management LLC now owns 43,718 shares of the network technology company’s stock valued at $7,955,000 after purchasing an additional 21,555 shares during the last quarter. Finally, Goldstream Capital Management Ltd increased its position in Palo Alto Networks by 120.0% in the 4th quarter. Goldstream Capital Management Ltd now owns 19,542 shares of the network technology company’s stock worth $3,556,000 after buying an additional 10,661 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PANW has been the topic of several recent research reports. Hsbc Global Res raised Palo Alto Networks from a “moderate sell” rating to a “hold” rating in a report on Thursday, April 10th. JMP Securities boosted their price objective on shares of Palo Alto Networks from $208.00 to $212.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Citigroup raised their price objective on shares of Palo Alto Networks from $205.00 to $220.00 and gave the company a “buy” rating in a research note on Tuesday, February 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $190.00 target price (down from $207.00) on shares of Palo Alto Networks in a research note on Wednesday, January 8th. Finally, Westpark Capital reaffirmed a “hold” rating and set a $196.40 price target on shares of Palo Alto Networks in a research report on Wednesday, February 12th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $203.06.

Insiders Place Their Bets

In related news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $165.41, for a total transaction of $16,541,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,543,516 shares of the company’s stock, valued at $586,132,981.56. This trade represents a 2.74 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction that occurred 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 in the company, 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. Insiders have sold a total of 1,039,318 shares of company stock valued at $181,925,602 in the last quarter. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW opened at $160.05 on Tuesday. Palo Alto Networks, Inc. has a 1-year low of $137.60 and a 1-year high of $208.39. The company has a market capitalization of $105.97 billion, a P/E ratio of 90.17, a P/E/G ratio of 5.64 and a beta of 1.07. The firm’s 50 day simple moving average is $179.32 and its 200 day simple moving average is $184.90.

Palo Alto Networks (NASDAQ:PANW) last announced 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 company had revenue of $2.26 billion during 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, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.