Palo Alto Networks, Inc. $PANW Shares Acquired by Investment Partners LTD.

Investment Partners LTD. grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 96.5% in the third quarter, Holdings Channel reports. The fund owned 3,179 shares of the network technology company’s stock after acquiring an additional 1,561 shares during the quarter. Investment Partners LTD.’s holdings in Palo Alto Networks were worth $1,263,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. B&D White Capital Company LLC purchased a new stake in Palo Alto Networks during the first quarter valued at about $353,000. Bridgewater Advisors Inc. purchased a new stake in Palo Alto Networks during the 2nd quarter valued at about $2,159,000. Mn Services Vermogensbeheer B.V. raised its position in Palo Alto Networks by 1.6% in the 3rd quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock worth $95,366,000 after buying an additional 3,700 shares during the last quarter. First Citizens Bank & Trust Co. boosted its position in Palo Alto Networks by 126.6% in the third quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock worth $7,390,000 after purchasing an additional 10,392 shares during the last quarter. Finally, Hamilton Wealth LLC grew its stake in shares of Palo Alto Networks by 57.7% during the 1st quarter. Hamilton Wealth LLC now owns 37,869 shares of the network technology company’s stock valued at $6,071,000 after acquiring an additional 13,863 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on PANW. Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Royal Bank Of Canada boosted their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Roth Capital reissued a “neutral” rating and issued a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. New Street Research set a $415.00 price target on Palo Alto Networks in a report on Tuesday, August 18th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $398.55.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $365.87 on Friday. The company has a 50-day simple moving average of $372.15 and a 200-day simple moving average of $269.89. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The stock has a market capitalization of $299.56 billion, a price-to-earnings ratio of 717.41, a PEG ratio of 10.49 and a beta of 0.93. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The company had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. The firm’s quarterly revenue was up 34.5% on a year-over-year basis. 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. On average, analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Insider Activity at Palo Alto Networks

In other news, Director John Key sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at $3,760,300. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Aparna Bawa sold 250 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $412.28, for a total value of $103,070.00. Following the completion of the transaction, the director directly owned 4,427 shares in the company, valued at $1,825,163.56. This trade represents a 5.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock worth $20,823,029 over the last three months. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.