Koshinski Asset Management Inc. Has $519,000 Holdings in Palo Alto Networks Inc (PANW)

Koshinski Asset Management Inc. raised its position in shares of Palo Alto Networks Inc (NYSE:PANW) by 45.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,578 shares of the network technology company’s stock after purchasing an additional 1,124 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Palo Alto Networks were worth $519,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in PANW. Prudential Financial Inc. increased its stake in Palo Alto Networks by 14.9% during the 2nd quarter. Prudential Financial Inc. now owns 6,000 shares of the network technology company’s stock valued at $803,000 after purchasing an additional 780 shares in the last quarter. Principal Financial Group Inc. increased its stake in Palo Alto Networks by 1.2% during the 2nd quarter. Principal Financial Group Inc. now owns 5,590 shares of the network technology company’s stock valued at $748,000 after purchasing an additional 68 shares in the last quarter. Riverhead Capital Management LLC increased its stake in Palo Alto Networks by 90.9% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,100 shares of the network technology company’s stock valued at $281,000 after purchasing an additional 1,000 shares in the last quarter. Amalgamated Bank increased its stake in Palo Alto Networks by 75.4% during the 2nd quarter. Amalgamated Bank now owns 9,122 shares of the network technology company’s stock valued at $1,221,000 after purchasing an additional 3,922 shares in the last quarter. Finally, Stevens Capital Management LP bought a new stake in Palo Alto Networks during the 2nd quarter valued at about $1,988,000. Institutional investors and hedge funds own 79.98% of the company’s stock.

Palo Alto Networks Inc (NYSE PANW) opened at $157.22 on Friday. Palo Alto Networks Inc has a 1-year low of $107.31 and a 1-year high of $158.78.

Palo Alto Networks (NYSE:PANW) last posted its quarterly earnings data on Monday, November 20th. The network technology company reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.06. The company had revenue of $505.50 million for the quarter, compared to the consensus estimate of $489.36 million. Palo Alto Networks had a negative net margin of 11.97% and a negative return on equity of 15.77%. The firm’s revenue was up 27.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.55 earnings per share. sell-side analysts anticipate that Palo Alto Networks Inc will post -0.37 earnings per share for the current fiscal year.

In other Palo Alto Networks news, CEO Mark D. Mclaughlin sold 25,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $149.85, for a total transaction of $3,746,250.00. Following the transaction, the chief executive officer now owns 374,919 shares of the company’s stock, valued at $56,181,612.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Nir Zuk sold 2,000 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $144.69, for a total transaction of $289,380.00. The disclosure for this sale can be found here. Insiders have sold 354,644 shares of company stock worth $52,415,318 in the last ninety days. Insiders own 4.80% of the company’s stock.

A number of research firms have weighed in on PANW. Evercore ISI upgraded shares of Palo Alto Networks from an “in-line” rating to an “outperform” rating and set a $180.00 price objective for the company in a research note on Thursday. Sanford C. Bernstein raised their price objective on shares of Palo Alto Networks from $180.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, November 21st. Robert W. Baird restated a “hold” rating and set a $149.00 price objective on shares of Palo Alto Networks in a research note on Thursday, September 28th. Zacks Investment Research upgraded shares of Palo Alto Networks from a “hold” rating to a “buy” rating and set a $164.00 price target for the company in a research note on Tuesday, October 10th. Finally, Northland Securities set a $175.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $165.74.

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About Palo Alto Networks

Palo Alto Networks, Inc offers a next-generation security platform. The Company’s security platform consists of three elements: Next-Generation Firewall, Advanced Endpoint Protection and Threat Intelligence Cloud. Its Next-Generation Firewall delivers application, user and content visibility and control, as well as protection against network-based cyber threats integrated within the firewall through its hardware and software architecture.

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Institutional Ownership by Quarter for Palo Alto Networks (NYSE:PANW)

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