TD Asset Management Inc Buys 5,129 Shares of Palo Alto Networks, Inc. $PANW

TD Asset Management Inc raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 370,271 shares of the network technology company’s stock after purchasing an additional 5,129 shares during the period. TD Asset Management Inc’s holdings in Palo Alto Networks were worth $75,395,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $25,000. Howard Hughes Medical Institute purchased a new stake in Palo Alto Networks in the 2nd quarter worth approximately $29,000. MTM Investment Management LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $31,000. CBIZ Investment Advisory Services LLC lifted its holdings in Palo Alto Networks by 39.7% during the third quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 50 shares in the last quarter. Finally, Spurstone Advisory Services LLC purchased a new position in Palo Alto Networks during the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 3.1%

Shares of Palo Alto Networks stock opened at $149.40 on Friday. The firm has a market cap of $121.91 billion, a price-to-earnings ratio of 82.54, a PEG ratio of 5.23 and a beta of 0.75. The business has a 50-day moving average price of $175.36 and a 200-day moving average price of $190.82. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, February 17th. The network technology company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the previous year, the business earned $0.81 earnings per share. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.650-3.700 EPS and its Q3 2026 guidance at 0.780-0.800 EPS. On average, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. DA Davidson set a $190.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Scotiabank reaffirmed an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. JPMorgan Chase & Co. cut their price target on Palo Alto Networks from $225.00 to $200.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. Finally, UBS Group set a $183.00 price objective on Palo Alto Networks in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average target price of $211.62.

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,768 shares of the business’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $191.03, for a total value of $23,070,311.04. Following the sale, the executive vice president owned 298,887 shares in the company, valued at approximately $57,096,383.61. The trade was a 28.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James J. Goetz sold 12,500 shares of the company’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $195.33, for a total transaction of $2,441,625.00. Following the sale, the director directly owned 75,184 shares in the company, valued at approximately $14,685,690.72. The trade was a 14.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 260,542 shares of company stock valued at $49,910,995 over the last 90 days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile

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.