Palo Alto Networks, Inc. $PANW Shares Acquired by Western Financial Corp CA

Western Financial Corp CA lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 2,114.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,349 shares of the network technology company’s stock after purchasing an additional 13,701 shares during the period. Palo Alto Networks accounts for about 1.9% of Western Financial Corp CA’s portfolio, making the stock its 8th largest holding. Western Financial Corp CA’s holdings in Palo Alto Networks were worth $5,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. acquired a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $25,833,462,000. State Street Corp lifted its position in Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after buying an additional 1,493,179 shares in the last quarter. Bank of America Corp DE boosted its stake in Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after buying an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Palo Alto Networks by 8.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock worth $2,993,802,000 after buying an additional 706,003 shares during the last quarter. Finally, Legal & General Group Plc acquired a new position in Palo Alto Networks during the second quarter worth $1,968,304,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In related news, Director John Key sold 2,500 shares of Palo Alto Networks stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aparna Bawa sold 250 shares of the business’s stock in a transaction that occurred on 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 sale, the director directly owned 4,427 shares in the company, valued at approximately $1,825,163.56. The trade was a 5.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PANW shares. HSBC cut their target price on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Robert W. Baird set a $420.00 price target on shares of Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. boosted their price target on shares of Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Susquehanna upped their price objective on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a report on Wednesday, September 2nd. Finally, Tigress Financial lifted their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $392.38.

Palo Alto Networks Trading Down 5.5%

NASDAQ:PANW traded down $21.99 on Wednesday, reaching $375.04. The company’s stock had a trading volume of 7,137,963 shares, compared to its average volume of 8,197,519. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month 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 firm has a market cap of $306.78 billion, a price-to-earnings ratio of 735.39, a price-to-earnings-growth ratio of 11.62 and a beta of 0.93. The stock has a 50 day moving average price of $372.88 and a 200 day moving average price of $299.16.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly 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 during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The company’s revenue was up 34.5% compared to the same quarter last year. During the same period in the prior year, the business 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. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal 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.