Palo Alto Networks, Inc. $PANW Shares Acquired by Corient Private Wealth LP

Corient Private Wealth LP increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 36.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,095,028 shares of the network technology company’s stock after buying an additional 290,750 shares during the period. Corient Private Wealth LP’s holdings in Palo Alto Networks were worth $373,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC acquired a new position in Palo Alto Networks during the second quarter worth $25,000. Knuff & Co LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at about $26,000. Solstein Capital LLC acquired a new stake in shares of Palo Alto Networks in the second quarter valued at about $26,000. Sittner & Nelson LLC increased its stake in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $27,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 1.0%

PANW stock opened at $338.49 on Friday. The company has a market cap of $275.87 billion, a price-to-earnings ratio of 663.72, a PEG ratio of 9.76 and a beta of 0.91. The company has a current ratio of 0.87, a quick ratio of 0.86 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The firm has a 50-day moving average of $349.60 and a two-hundred day moving average of $260.57.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business’s revenue was up 34.5% on a year-over-year basis. During the same period last year, the company posted $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. As a group, analysts forecast that Palo Alto Networks, Inc. will post 2.28 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Josh Paul sold 900 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares in the company, valued at approximately $27,085,821.12. This trade represents a 1.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,667 shares of company stock worth $3,058,443 in the last three months. Company insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PANW. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. Oppenheimer reissued an “outperform” rating and set a $450.00 target price (up from $400.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Arete Research raised their target price on Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Finally, Wedbush lifted their price target on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus price target of $386.32.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.