LGT Fund Management Co Ltd. Purchases 670 Shares of Palo Alto Networks, Inc. $PANW

LGT Fund Management Co Ltd. increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,047 shares of the network technology company’s stock after acquiring an additional 670 shares during the quarter. LGT Fund Management Co Ltd.’s holdings in Palo Alto Networks were worth $4,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Palo Alto Networks in the first quarter worth $261,000. Strive Asset Management LLC grew its holdings in shares of Palo Alto Networks by 16.6% in the first quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after acquiring an additional 299 shares during the period. GAMMA Investing LLC grew its holdings in shares of Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after acquiring an additional 1,374 shares during the period. Czech National Bank grew its holdings in shares of Palo Alto Networks by 6.4% in the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock worth $33,119,000 after acquiring an additional 9,766 shares during the period. Finally, Avity Investment Management Inc. grew its holdings in shares of Palo Alto Networks by 37.9% in the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock worth $37,181,000 after acquiring an additional 49,971 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 1.0%

Shares of Palo Alto Networks stock opened at $207.19 on Friday. The company has a market capitalization of $138.59 billion, a price-to-earnings ratio of 129.09, a PEG ratio of 4.98 and a beta of 0.98. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $212.10. The stock’s 50-day simple moving average is $190.20 and its 200-day simple moving average is $188.20.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

PANW has been the subject of several recent research reports. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a report on Tuesday, July 29th. Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Rosenblatt Securities cut their price target on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, August 14th. Guggenheim boosted their price target on Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a report on Tuesday, August 19th. Finally, Tigress Financial initiated coverage on Palo Alto Networks in a report on Friday, September 26th. They set a “buy” rating and a $245.00 price target for the company. Thirty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $214.64.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the sale, the executive vice president directly owned 177,954 shares in the company, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the sale, the executive vice president owned 96,135 shares in the company, valued at $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,315,130 shares of company stock valued at $259,351,606 in the last ninety days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.