Fideuram Intesa Sanpaolo Private Banking S.P.A. increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 17.6% in the 1st quarter, Holdings Channel.com reports. The firm owned 68,773 shares of the network technology company’s stock after acquiring an additional 10,293 shares during the quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in Palo Alto Networks were worth $11,026,000 as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $25,000. Knuff & Co LLC bought a new position in Palo Alto Networks during the 4th quarter valued at about $26,000. Steph & Co. raised its stake in shares of Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 67 shares during the last quarter. Sittner & Nelson LLC raised its position in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 62 shares during the last quarter. Finally, Winch Advisory Services LLC lifted its position in Palo Alto Networks by 96.1% during the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock worth $30,000 after buying an additional 73 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.
Palo Alto Networks Stock Performance
Shares of PANW stock opened at $348.06 on Friday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $358.10. The stock has a market cap of $283.67 billion, a P/E ratio of 285.30, a P/E/G ratio of 13.07 and a beta of 0.91. The company has a fifty day moving average price of $255.09 and a two-hundred day moving average price of $200.36. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.
Insider Buying and Selling at Palo Alto Networks
In related news, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the transaction, the chief accounting officer owned 79,644 shares in the company, valued at approximately $27,477,180. This represents a 1.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 102,111 shares of company stock worth $27,204,024 in the last ninety days. Insiders own 1.40% of the company’s stock.
Wall Street Analyst Weigh In
PANW has been the topic of several research reports. JPMorgan Chase & Co. upped their price objective on Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Robert W. Baird set a $320.00 price target on Palo Alto Networks in a research note on Wednesday, June 3rd. UBS Group set a $300.00 price objective on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $316.15.
Read Our Latest Analysis on Palo Alto Networks
Trending Headlines about Palo Alto Networks
Here are the key news stories impacting Palo Alto Networks this week:
- Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and reiterated an overweight rating, reinforcing the case for further upside. Wells Fargo price target raise
- Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and maintained an outperform rating, adding to the bullish analyst sentiment around PANW. BNP Paribas Exane target raise
- Positive Sentiment: The stock remains a momentum name after gaining roughly 25% since its last earnings report, supported by strong demand for AI-related cybersecurity tools and recent trading interest. Zacks earnings momentum article
- Neutral Sentiment: Several insider sales were disclosed, including director Aparna Bawa and CAO Josh D. Paul. The transactions were relatively small, but insider selling can slightly temper investor enthusiasm. Insider sale disclosure
About Palo Alto Networks
Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.
The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.
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