Palo Alto Networks, Inc. $PANW Shares Newly Acquired by Eleva Capital SAS

Eleva Capital SAS purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 2,665 shares of the network technology company’s stock, valued at approximately $1,059,000. Palo Alto Networks comprises approximately 0.9% of Eleva Capital SAS’s holdings, making the stock its 23rd largest holding.

Several other hedge funds have also recently modified their holdings of PANW. BlackRock Inc. acquired a new position in shares of Palo Alto Networks in the second quarter valued at about $25,833,462,000. Legal & General Group Plc acquired a new stake in shares of Palo Alto Networks during the second quarter worth about $1,968,304,000. Bank of New York Mellon Corp purchased a new stake in Palo Alto Networks in the second quarter valued at approximately $1,569,755,000. Deutsche Bank AG acquired a new position in Palo Alto Networks in the 2nd quarter worth approximately $1,481,236,000. Finally, Bank of America Corp DE increased its holdings in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of several research reports. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, August 19th. Jefferies Financial Group reissued a “buy” rating and set a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a report on Friday, August 28th. Robert W. Baird set a $420.00 price target on shares of Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Tigress Financial increased their price target on Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $475.00 price objective (up from $420.00) on shares of Palo Alto Networks in a research note on Monday, August 17th. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $391.32.

Insider Activity

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of the company’s stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the transaction, the executive vice president directly owned 117,750 shares in the company, valued at approximately $46,110,900. This represents a 18.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total transaction of $336,312.00. Following the transaction, the chief accounting officer directly owned 72,484 shares in the company, valued at approximately $27,085,821.12. The trade was a 1.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 53,960 shares of company stock worth $20,719,959. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW stock traded up $11.89 during mid-day trading on Tuesday, hitting $418.65. 2,957,931 shares of the stock were exchanged, compared to its average volume of 8,298,566. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The company has a market cap of $342.46 billion, a PE ratio of 821.27, a price-to-earnings-growth ratio of 11.61 and a beta of 0.93. The firm has a fifty day moving average of $363.84 and a 200 day moving average of $287.28.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.Palo Alto Networks’s revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Palo Alto Networks Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.