Tokio Marine Asset Management Co. Ltd. Buys 240 Shares of Palo Alto Networks, Inc. (NASDAQ:PANW)

Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,257 shares of the network technology company’s stock after acquiring an additional 240 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Palo Alto Networks were worth $3,164,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Avantax Advisory Services Inc. lifted its position in shares of Palo Alto Networks by 13.5% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,319 shares of the network technology company’s stock worth $2,932,000 after acquiring an additional 1,229 shares during the period. Kingsview Wealth Management LLC lifted its position in shares of Palo Alto Networks by 38.6% in the 1st quarter. Kingsview Wealth Management LLC now owns 14,229 shares of the network technology company’s stock worth $4,043,000 after acquiring an additional 3,965 shares during the period. HBK Sorce Advisory LLC lifted its position in shares of Palo Alto Networks by 17.9% in the 1st quarter. HBK Sorce Advisory LLC now owns 2,143 shares of the network technology company’s stock worth $609,000 after acquiring an additional 325 shares during the period. Leo Wealth LLC lifted its position in shares of Palo Alto Networks by 4.5% in the 1st quarter. Leo Wealth LLC now owns 2,497 shares of the network technology company’s stock worth $702,000 after acquiring an additional 107 shares during the period. Finally, Great Lakes Retirement Inc. lifted its position in shares of Palo Alto Networks by 3.2% in the 1st quarter. Great Lakes Retirement Inc. now owns 6,436 shares of the network technology company’s stock worth $1,829,000 after acquiring an additional 200 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Mary Pat Mccarthy sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $341.44, for a total transaction of $341,440.00. Following the transaction, the director now owns 41,517 shares in the company, valued at approximately $14,175,564.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Palo Alto Networks news, CEO Nikesh Arora sold 81,586 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $367.99, for a total transaction of $30,022,832.14. Following the transaction, the chief executive officer now directly owns 618,715 shares of the company’s stock, valued at $227,680,932.85. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary Pat Mccarthy sold 1,000 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $341.44, for a total transaction of $341,440.00. Following the completion of the sale, the director now owns 41,517 shares of the company’s stock, valued at $14,175,564.48. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 255,252 shares of company stock worth $89,383,077. 2.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PANW shares. Piper Sandler raised their target price on Palo Alto Networks from $300.00 to $330.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research report on Tuesday, August 20th. UBS Group raised their target price on Palo Alto Networks from $345.00 to $355.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 20th. OTR Global restated a “negative” rating on shares of Palo Alto Networks in a research report on Thursday, November 7th. Finally, Oppenheimer raised their price target on Palo Alto Networks from $410.00 to $450.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $380.28.

Palo Alto Networks Trading Down 1.2 %

Shares of PANW stock traded down $4.79 during trading hours on Thursday, reaching $397.57. 196,676 shares of the stock were exchanged, compared to its average volume of 3,847,338. Palo Alto Networks, Inc. has a 12-month low of $234.15 and a 12-month high of $408.53. The company’s 50-day moving average price is $357.82 and its 200-day moving average price is $335.01. The firm has a market capitalization of $129.45 billion, a price-to-earnings ratio of 54.76, a price-to-earnings-growth ratio of 5.77 and a beta of 1.12.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, August 19th. The network technology company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.10. Palo Alto Networks had a net margin of 32.11% and a return on equity of 26.83%. The company had revenue of $2.19 billion during the quarter, compared to analysts’ expectations of $2.16 billion. During the same period in the previous year, the company earned $0.80 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 3.56 EPS for the current 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.