Asset Management One Co. Ltd. Raises Stock Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Asset Management One Co. Ltd. boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 7.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 417,071 shares of the network technology company's stock after purchasing an additional 30,111 shares during the quarter. Asset Management One Co. Ltd. owned about 0.06% of Palo Alto Networks worth $71,169,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Transce3nd LLC purchased a new position in Palo Alto Networks during the 4th quarter worth $25,000. Strategic Investment Solutions Inc. IL increased its holdings in Palo Alto Networks by 64.0% during the 4th quarter. Strategic Investment Solutions Inc. IL now owns 141 shares of the network technology company's stock worth $26,000 after purchasing an additional 55 shares during the period. Capital Advisors Ltd. LLC increased its holdings in Palo Alto Networks by 102.6% during the 4th quarter. Capital Advisors Ltd. LLC now owns 156 shares of the network technology company's stock worth $28,000 after purchasing an additional 79 shares during the period. Anchor Investment Management LLC increased its holdings in Palo Alto Networks by 100.0% during the 4th quarter. Anchor Investment Management LLC now owns 156 shares of the network technology company's stock worth $28,000 after purchasing an additional 78 shares during the period. Finally, Kiely Wealth Advisory Group Inc. increased its holdings in Palo Alto Networks by 100.0% during the 4th quarter. Kiely Wealth Advisory Group Inc. now owns 150 shares of the network technology company's stock worth $29,000 after purchasing an additional 75 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on PANW. KeyCorp reissued an "overweight" rating and issued a $220.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Wells Fargo & Company boosted their price target on Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. reduced their price target on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating for the company in a research report on Wednesday, May 21st. TD Securities reissued a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Finally, Barclays reduced their price target on Palo Alto Networks from $213.00 to $210.00 and set an "overweight" rating for the company in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $208.00.

Palo Alto Networks Stock Down 0.8%

Shares of PANW traded down $1.63 during mid-day trading on Tuesday, reaching $201.69. The company had a trading volume of 4,949,020 shares, compared to its average volume of 5,435,044. Palo Alto Networks, Inc. has a 52-week low of $142.01 and a 52-week high of $208.39. The stock has a market capitalization of $134.49 billion, a P/E ratio of 115.25, a PEG ratio of 5.67 and a beta of 0.97. The stock has a 50 day moving average of $188.66 and a two-hundred day moving average of $185.20.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its 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. Palo Alto Networks had a return on equity of 19.48% and a net margin of 13.95%. The firm had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter in the prior year, the business earned $0.66 earnings per share. The company's revenue was up 15.3% compared to the same quarter last year. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president now owns 101,135 shares in the company, valued at approximately $20,414,099.75. This represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Nikesh Arora sold 227,414 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $172.73, for a total value of $39,281,220.22. Following the transaction, the chief executive officer now owns 317,571 shares in the company, valued at $54,854,038.83. This represents a 41.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 795,536 shares of company stock worth $141,007,618 over the last quarter. 2.50% of the stock is currently owned by insiders.

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.