22,649 Shares in Palo Alto Networks, Inc. $PANW Purchased by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 22,649 shares of the network technology company’s stock, valued at approximately $4,612,000.

A number of other large investors have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Palo Alto Networks in the second quarter worth $675,865,000. ABN AMRO Bank N.V. purchased a new stake in shares of Palo Alto Networks in the 2nd quarter worth about $340,883,000. Vanguard Group Inc. boosted its stake in shares of Palo Alto Networks by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 65,269,963 shares of the network technology company’s stock valued at $13,290,270,000 after purchasing an additional 1,253,589 shares in the last quarter. California Public Employees Retirement System boosted its stake in shares of Palo Alto Networks by 97.9% during the 2nd quarter. California Public Employees Retirement System now owns 2,104,939 shares of the network technology company’s stock valued at $430,755,000 after purchasing an additional 1,041,145 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Palo Alto Networks by 3,881.4% during the third quarter. Bessemer Group Inc. now owns 721,157 shares of the network technology company’s stock valued at $146,842,000 after buying an additional 703,044 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on PANW shares. Citizens Jmp restated a “market outperform” rating and issued a $250.00 price objective on shares of Palo Alto Networks in a report on Wednesday, February 18th. Northland Securities increased their target price on Palo Alto Networks from $177.00 to $190.00 and gave the stock a “market perform” rating in a research report on Thursday, November 20th. DA Davidson set a $190.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, February 18th. Oppenheimer reiterated an “outperform” rating and issued a $245.00 price objective on shares of Palo Alto Networks in a report on Thursday, November 20th. Finally, Evercore raised their price objective on Palo Alto Networks from $220.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, November 13th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus target price of $211.62.

Palo Alto Networks Trading Down 0.3%

Palo Alto Networks stock opened at $148.92 on Friday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $223.61. The company has a market capitalization of $121.52 billion, a price-to-earnings ratio of 82.28, a price-to-earnings-growth ratio of 5.39 and a beta of 0.75. The business’s fifty day simple moving average is $174.60 and its two-hundred day simple moving average is $190.68.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, February 17th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.Palo Alto Networks’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.81 EPS. 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 research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity

In related news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction that occurred on Wednesday, December 3rd. The shares were sold at an average price of $191.91, for a total value of $23,177,738.34. Following the completion of the transaction, the executive vice president directly owned 327,645 shares in the company, valued at $62,878,351.95. The trade was a 26.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total value of $940,900.00. Following the completion of the transaction, the executive vice president directly owned 155,119 shares in the company, valued at $29,190,293.42. This trade represents a 3.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 260,542 shares of company stock worth $49,910,995. Corporate 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.