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

Koshinski Asset Management Inc. increased its position in shares of Palo Alto Networks Inc (NYSE:PANW) by 45.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,578 shares of the network technology company’s stock after acquiring an additional 1,124 shares during the period. Koshinski Asset Management Inc.’s holdings in Palo Alto Networks were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of PANW. Sun Life Financial INC increased its holdings in shares of Palo Alto Networks by 785.0% in the 2nd quarter. Sun Life Financial INC now owns 1,000 shares of the network technology company’s stock worth $134,000 after buying an additional 887 shares during the last quarter. Penserra Capital Management LLC bought a new position in shares of Palo Alto Networks in the 3rd quarter worth $162,000. Benjamin F. Edwards & Company Inc. increased its holdings in shares of Palo Alto Networks by 495.2% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 1,232 shares of the network technology company’s stock worth $178,000 after buying an additional 1,025 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. increased its holdings in shares of Palo Alto Networks by 30.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 1,396 shares of the network technology company’s stock worth $188,000 after buying an additional 322 shares during the last quarter. Finally, Shelton Capital Management bought a new position in shares of Palo Alto Networks in the 2nd quarter worth $201,000. 79.98% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Mark D. Mclaughlin sold 25,000 shares of the firm’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $149.85, for a total value of $3,746,250.00. Following the completion of the sale, the chief executive officer now directly owns 374,919 shares of the company’s stock, valued at approximately $56,181,612.15. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James J. Goetz sold 78,000 shares of the firm’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of $146.78, for a total transaction of $11,448,840.00. The disclosure for this sale can be found here. Insiders have sold a total of 354,644 shares of company stock valued at $52,415,318 in the last three months. 4.80% of the stock is currently owned by corporate insiders.

Shares of Palo Alto Networks Inc (PANW) opened at $157.22 on Friday. Palo Alto Networks Inc has a 12-month low of $107.31 and a 12-month high of $158.78.

Palo Alto Networks (NYSE:PANW) last announced its quarterly earnings results on Monday, November 20th. The network technology company reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.06. The business had revenue of $505.50 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 27.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.55 EPS. sell-side analysts forecast that Palo Alto Networks Inc will post -0.37 earnings per share for the current year.

A number of equities analysts have recently commented on PANW shares. Maxim Group reissued a “buy” rating and issued a $195.00 price target (up previously from $168.00) on shares of Palo Alto Networks in a report on Thursday, September 28th. Dougherty & Co increased their price target on shares of Palo Alto Networks from $165.00 to $170.00 and gave the stock a “buy” rating in a report on Thursday, September 28th. Robert W. Baird reissued a “hold” rating and issued a $149.00 price target on shares of Palo Alto Networks in a report on Thursday, September 28th. Oppenheimer reissued a “buy” rating and issued a $173.00 price target on shares of Palo Alto Networks in a report on Thursday, September 28th. Finally, Stephens reissued an “overweight” rating and issued a $165.00 price target (up previously from $155.00) on shares of Palo Alto Networks in a report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $165.74.

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Palo Alto Networks Company Profile

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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