Coldstream Capital Management Inc. Has $2.76 Million Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Coldstream Capital Management Inc. raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 99.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,146 shares of the network technology company's stock after buying an additional 7,553 shares during the period. Coldstream Capital Management Inc.'s holdings in Palo Alto Networks were worth $2,756,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC raised its stake in Palo Alto Networks by 1.5% during the third quarter. Howard Capital Management Group LLC now owns 106,248 shares of the network technology company's stock worth $36,316,000 after acquiring an additional 1,619 shares during the period. SOA Wealth Advisors LLC. increased its stake in shares of Palo Alto Networks by 10.7% in the third quarter. SOA Wealth Advisors LLC. now owns 2,606 shares of the network technology company's stock valued at $891,000 after purchasing an additional 252 shares during the period. World Investment Advisors LLC increased its stake in shares of Palo Alto Networks by 15.1% in the third quarter. World Investment Advisors LLC now owns 8,528 shares of the network technology company's stock valued at $2,915,000 after purchasing an additional 1,119 shares during the period. Sfmg LLC increased its stake in shares of Palo Alto Networks by 1.1% in the third quarter. Sfmg LLC now owns 16,836 shares of the network technology company's stock valued at $5,754,000 after purchasing an additional 189 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Palo Alto Networks in the third quarter valued at approximately $2,642,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 3,543,516 shares in the company, valued at $586,132,981.56. This represents a 2.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the transaction, the chief accounting officer now owns 47,976 shares in the company, valued at approximately $8,694,210.72. The trade was a 1.44 % decrease in their position. 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 three months. 2.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on PANW. Citigroup boosted their target price on Palo Alto Networks from $205.00 to $220.00 and gave the stock a "buy" rating in a report on Tuesday, February 25th. BTIG Research lowered Palo Alto Networks from a "buy" rating to a "neutral" rating in a report on Wednesday, January 8th. Rosenblatt Securities restated a "buy" rating and issued a $235.00 price objective on shares of Palo Alto Networks in a report on Monday, March 31st. Stephens started coverage on Palo Alto Networks in a report on Tuesday, April 1st. They issued an "equal weight" rating and a $205.00 price objective for the company. Finally, Truist Financial cut their target price on Palo Alto Networks from $213.00 to $205.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus target price of $203.06.

Palo Alto Networks Stock Up 0.2 %

Shares of PANW stock traded up $0.28 on Wednesday, reaching $186.93. The stock had a trading volume of 5,904,391 shares, compared to its average volume of 5,810,636. The firm's 50-day moving average is $176.14 and its two-hundred day moving average is $184.70. The firm has a market capitalization of $123.77 billion, a price-to-earnings ratio of 105.31, a P/E/G ratio of 5.64 and a beta of 1.07. Palo Alto Networks, Inc. has a 12 month low of $142.00 and a 12 month high of $208.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Thursday, February 13th. The network technology company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to analysts' expectations of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

About Palo Alto Networks

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.