Palo Alto Networks, Inc. $PANW Stock: Fisher Asset Management LLC Boosts Holdings

Fisher Asset Management LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 41.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,142,895 shares of the network technology company’s stock after buying an additional 2,386,906 shares during the quarter. Fisher Asset Management LLC’s holdings in Palo Alto Networks were worth $3,235,254,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Private Advisory Group LLC raised its position in Palo Alto Networks by 152.3% during the 3rd quarter. Private Advisory Group LLC now owns 5,401 shares of the network technology company’s stock worth $2,146,000 after buying an additional 3,260 shares during the last quarter. Legacy Trust lifted its stake in Palo Alto Networks by 0.4% during the 3rd quarter. Legacy Trust now owns 67,690 shares of the network technology company’s stock valued at $24,766,000 after acquiring an additional 249 shares during the period. Everest Financial Group LLC boosted its holdings in shares of Palo Alto Networks by 2.9% in the 3rd quarter. Everest Financial Group LLC now owns 70,774 shares of the network technology company’s stock valued at $28,119,000 after acquiring an additional 1,968 shares during the last quarter. Werba Rubin Papier Wealth Management boosted its holdings in shares of Palo Alto Networks by 17.9% in the 3rd quarter. Werba Rubin Papier Wealth Management now owns 831 shares of the network technology company’s stock valued at $330,000 after acquiring an additional 126 shares during the last quarter. Finally, Welch Financial Planning LLC purchased a new stake in shares of Palo Alto Networks in the 3rd quarter valued at $220,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In other news, Director John P. 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 transaction of $940,075.00. Following the sale, 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the firm’s stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $391.60, for a total value of $10,769,000.00. Following the sale, the executive vice president owned 117,750 shares in the company, valued at $46,110,900. This trade represents a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 54,210 shares of company stock worth $20,823,029. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada increased their price objective on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. HSBC lowered their price target on shares of Palo Alto Networks from $201.00 to $190.00 in a report on Thursday, September 3rd. Benchmark lifted their price objective on Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Oppenheimer reissued an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $397.49.

Palo Alto Networks Stock Performance

PANW opened at $322.66 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The firm has a fifty day moving average price of $367.70 and a 200 day moving average price of $276.51. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The stock has a market cap of $264.18 billion, a P/E ratio of 632.68, a P/E/G ratio of 9.59 and a beta of 0.96.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The company had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the business earned $0.95 earnings per share. The firm’s 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Palo Alto Networks News Summary

Here’s some of the latest news about PANW:

• Positive Sentiment: An article described Palo Alto’s AI security tool as its fastest product ramp and noted CIBC placed PANW seventh on a list of stocks to buy after the U.S. midterm elections. Palo Alto Networks: Its AI Security Tool Became the Company’s Fastest Product Ramp
• Negative Sentiment: Bank of America says Palo Alto must beat quarterly estimates by at least 3% and raise its outlook to justify its premium valuation, setting a high bar for results. Bank of America’s outlook
• Negative Sentiment: A Zacks comparison favored Cloudflare over Palo Alto, citing Cloudflare’s stronger revenue-growth outlook and rising AI-security demand—potentially adding competitive pressure on PANW. PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?

Palo Alto Networks Company Profile

Palo Alto Networks, Inc. is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats. The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.