31,523 Shares in Palo Alto Networks, Inc. (NASDAQ:PANW) Purchased by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 31,523 shares of the network technology company’s stock, valued at approximately $5,736,000.

Several other institutional investors have also modified their holdings of PANW. SJS Investment Consulting Inc. raised its holdings in Palo Alto Networks by 97.2% during the 4th quarter. SJS Investment Consulting Inc. now owns 140 shares of the network technology company’s stock valued at $25,000 after buying an additional 69 shares during the period. Valued Wealth Advisors LLC raised its stake in shares of Palo Alto Networks by 246.3% in the fourth quarter. Valued Wealth Advisors LLC now owns 142 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 101 shares during the period. Abound Wealth Management raised its stake in shares of Palo Alto Networks by 97.3% in the fourth quarter. Abound Wealth Management now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of Palo Alto Networks by 265.0% during the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 106 shares during the period. Finally, Capital Advisors Ltd. LLC grew 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 valued at $28,000 after purchasing an additional 79 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Palo Alto Networks from $208.00 to $225.00 and gave the stock an “overweight” rating in a research note on Thursday, November 21st. Piper Sandler upped their price objective on Palo Alto Networks from $165.00 to $192.50 and gave the company a “neutral” rating in a research report on Thursday, November 21st. BMO Capital Markets lifted their target price on Palo Alto Networks from $195.00 to $212.50 and gave the stock an “outperform” rating in a research report on Thursday, November 21st. JMP Securities boosted their target price on shares of Palo Alto Networks from $208.00 to $212.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, BTIG Research downgraded shares of Palo Alto Networks from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $205.06.

Insider Activity at Palo Alto Networks

In other news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $181.22, for a total transaction of $126,854.00. Following the sale, the chief accounting officer now directly owns 47,976 shares in the company, valued at $8,694,210.72. This trade represents a 1.44 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikesh Arora sold 235,492 shares of Palo Alto Networks stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $183.32, for a total value of $43,170,393.44. Following the completion of the transaction, the chief executive officer now owns 1,086,404 shares of the company’s stock, valued at approximately $199,159,581.28. This represents a 17.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,122,864 shares of company stock worth $204,315,811. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Trading Up 1.6 %

PANW opened at $190.43 on Friday. The firm has a 50 day moving average of $186.64 and a two-hundred day moving average of $184.44. The firm has a market capitalization of $126.08 billion, a PE ratio of 107.29, a P/E/G ratio of 5.64 and a beta of 1.14. Palo Alto Networks, Inc. has a 12-month low of $132.50 and a 12-month high of $208.39.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Thursday, February 13th. The network technology company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.75 by $0.06. The company had revenue of $2.26 billion for the quarter, compared to analyst estimates of $2.24 billion. Palo Alto Networks had a net margin of 14.64% and a return on equity of 21.93%. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.