Mitsubishi UFJ Asset Management UK Ltd. Has $512,000 Holdings in Palo Alto Networks, Inc. (NASDAQ:PANW)

Mitsubishi UFJ Asset Management UK Ltd. reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 85.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 3,000 shares of the network technology company’s stock after selling 17,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Palo Alto Networks were worth $512,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the stock. Nuveen LLC acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at $810,047,000. Northern Trust Corp raised its stake in shares of Palo Alto Networks by 133.7% in the 4th quarter. Northern Trust Corp now owns 7,842,647 shares of the network technology company’s stock valued at $1,427,048,000 after buying an additional 4,486,654 shares in the last quarter. Capital Research Global Investors raised its stake in shares of Palo Alto Networks by 83.8% in the 4th quarter. Capital Research Global Investors now owns 8,427,062 shares of the network technology company’s stock valued at $1,533,419,000 after buying an additional 3,841,359 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Palo Alto Networks by 98.0% in the 4th quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company’s stock valued at $1,120,615,000 after buying an additional 3,047,625 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Palo Alto Networks by 92.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company’s stock valued at $1,082,895,000 after buying an additional 2,862,718 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, July 29th. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the stock a “neutral” rating in a research report on Tuesday. Guggenheim reiterated a “sell” rating and set a $130.00 target price on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Northland Securities dropped their target price on shares of Palo Alto Networks from $210.00 to $177.00 and set a “market perform” rating for the company in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of 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. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus price target of $217.52.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction on Wednesday, June 4th. The shares were sold at an average price of $195.14, for a total transaction of $23,567,838.36. Following the transaction, the executive vice president directly owned 264,246 shares in the company, valued at approximately $51,564,964.44. The trade was a 31.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction 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 owned 101,135 shares in the company, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 669,248 shares of company stock valued at $126,423,337 in the last 90 days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Stock Up 0.8%

NASDAQ PANW opened at $176.86 on Thursday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The company has a market capitalization of $117.93 billion, a PE ratio of 101.06, a price-to-earnings-growth ratio of 4.16 and a beta of 0.94. The firm’s 50 day moving average is $192.92 and its 200-day moving average is $186.63.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, May 20th. The network technology company reported $0.80 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.03. Palo Alto Networks had a net margin of 13.95% and a return on equity of 19.48%. The company had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the company earned $0.66 earnings per share. The firm’s revenue was up 15.3% compared to the same quarter last year. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 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.