TFR Capital LLC. Acquires New Position in Palo Alto Networks, Inc. (NASDAQ:PANW)

TFR Capital LLC. acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,940 shares of the network technology company's stock, valued at approximately $2,173,000. Palo Alto Networks comprises approximately 1.1% of TFR Capital LLC.'s portfolio, making the stock its 28th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Transce3nd LLC bought a new stake in shares of Palo Alto Networks in the fourth quarter worth $25,000. Valued Wealth Advisors LLC grew its position 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 buying an additional 101 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its position in shares of Palo Alto Networks by 64.0% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock valued at $26,000 after buying an additional 55 shares during the last quarter. Atlantic Edge Private Wealth Management LLC boosted its holdings in 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 valued at $27,000 after acquiring an additional 106 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its position in Palo Alto Networks by 102.6% during the fourth quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock valued at $28,000 after acquiring an additional 79 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Analyst Ratings Changes

PANW has been the topic of a number of research analyst reports. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 price target on shares of Palo Alto Networks in a report on Monday, May 19th. Hsbc Global Res raised shares of Palo Alto Networks from a "moderate sell" rating to a "hold" rating in a research note on Thursday, April 10th. Barclays cut their target price on shares of Palo Alto Networks from $213.00 to $210.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. KeyCorp reissued an "overweight" rating and set a $220.00 target price on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, Susquehanna increased their price objective on shares of Palo Alto Networks from $217.50 to $230.00 and gave the stock a "positive" rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $206.40.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock traded up $0.34 during mid-day trading on Wednesday, hitting $187.80. 3,853,274 shares of the stock were exchanged, compared to its average volume of 5,590,370. The company has a 50-day simple moving average of $178.27 and a 200 day simple moving average of $185.22. The company has a market capitalization of $125.23 billion, a P/E ratio of 105.80, a P/E/G ratio of 5.64 and a beta of 1.02. Palo Alto Networks, Inc. has a 12 month low of $142.01 and a 12 month high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The network technology company reported $0.80 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.03. The business had revenue of $2.29 billion for the quarter, compared to analyst estimates of $2.28 billion. Palo Alto Networks had a return on equity of 21.93% and a net margin of 14.64%. Palo Alto Networks's quarterly revenue was up 15.3% compared to the same quarter last year. During the same period last year, the company posted $0.66 earnings per share. Analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks 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 value of $16,541,000.00. Following the sale, the executive vice president now owns 3,543,516 shares of the company's stock, valued at approximately $586,132,981.56. The trade was a 2.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $189.27, for a total transaction of $22,858,894.98. Following the completion of the sale, the executive vice president now directly owns 293,010 shares in the company, valued at $55,458,002.70. This trade represents a 29.19% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 568,962 shares of company stock worth $96,933,690 in the last ninety days. Company insiders own 2.50% of the company's stock.

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.