DNB Asset Management AS Purchases 10,550 Shares of Palo Alto Networks, Inc. $PANW

DNB Asset Management AS boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,348 shares of the network technology company’s stock after purchasing an additional 10,550 shares during the quarter. DNB Asset Management AS’s holdings in Palo Alto Networks were worth $27,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks in the second quarter valued at about $25,000. Howard Hughes Medical Institute acquired a new stake in Palo Alto Networks in the 2nd quarter worth about $29,000. MTM Investment Management LLC bought a new stake in Palo Alto Networks in the 2nd quarter valued at about $31,000. CBIZ Investment Advisory Services LLC grew its position in shares of Palo Alto Networks by 39.7% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock worth $36,000 after purchasing an additional 50 shares in the last quarter. Finally, Spurstone Advisory Services LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $41,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PANW. BTIG Research reissued a “buy” rating and set a $200.00 price target on shares of Palo Alto Networks in a research report on Wednesday, February 18th. HSBC dropped their price objective on Palo Alto Networks from $157.00 to $114.00 in a report on Thursday, February 19th. Stephens increased their target price on Palo Alto Networks from $205.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, November 20th. BMO Capital Markets dropped their price target on Palo Alto Networks from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Finally, Needham & Company LLC cut their price objective on shares of Palo Alto Networks from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.62.

Palo Alto Networks Stock Down 0.3%

Palo Alto Networks stock opened at $148.92 on Friday. The stock has a market cap of $121.52 billion, a PE ratio of 82.28, a P/E/G ratio of 5.39 and a beta of 0.75. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $223.61. The business’s 50-day moving average price is $174.60 and its two-hundred day moving average price 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 for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $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. As a group, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 800 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $184.81, for a total transaction of $147,848.00. Following the sale, the chief accounting officer owned 46,005 shares of the company’s stock, valued at $8,502,184.05. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,768 shares of the business’s stock in a transaction on Thursday, January 8th. The stock was 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 $57,096,383.61. This represents a 28.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over 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.