AustralianSuper Pty Ltd acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund acquired 4,075 shares of the network technology company’s stock, valued at approximately $751,000.
A number of other institutional investors have also made changes to their positions in the business. Arlington Trust Co LLC grew its holdings in shares of Palo Alto Networks by 4.8% in the 3rd quarter. Arlington Trust Co LLC now owns 1,088 shares of the network technology company’s stock valued at $222,000 after acquiring an additional 50 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its holdings in shares of Palo Alto Networks by 39.7% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock valued at $36,000 after acquiring an additional 50 shares in the last quarter. Harold Davidson & Associates Inc. grew its holdings in shares of Palo Alto Networks by 5.0% in the 3rd quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock valued at $215,000 after acquiring an additional 50 shares in the last quarter. Princeton Capital Management LLC grew its holdings in shares of Palo Alto Networks by 3.4% in the 3rd quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock valued at $310,000 after acquiring an additional 50 shares in the last quarter. Finally, South Plains Financial Inc. grew its holdings in shares of Palo Alto Networks by 1.0% in the 3rd quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock valued at $982,000 after acquiring an additional 50 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.
Palo Alto Networks Trading Up 1.9%
Shares of PANW opened at $242.83 on Friday. The company has a market cap of $198.15 billion, a price-to-earnings ratio of 134.16, a PEG ratio of 8.59 and a beta of 0.77. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $245.80. The company’s fifty day simple moving average is $174.81 and its 200 day simple moving average is $181.27.
Key Stories Impacting Palo Alto Networks
Here are the key news stories impacting Palo Alto Networks this week:
- Positive Sentiment: Oppenheimer raised its price target on Palo Alto Networks to $275 from $245 and reiterated an Outperform rating, signaling confidence that the stock can keep moving higher. Oppenheimer Hikes Palo Alto Networks Price Target to $275: CyberArk Becomes Idira, Identity Security Just Got Real
- Positive Sentiment: Royal Bank of Canada lifted its target to $255 from $220 and kept an Outperform rating, while Robert W. Baird also boosted its target to $265, reinforcing the bullish analyst tone around PANW. RBC raises price target on Palo Alto Networks to 255 from 220, keeps outperform rating
- Positive Sentiment: Jefferies raised its price target to $265 from $215 and highlighted Palo Alto’s identity-security push after CyberArk’s IMPACT26 conference, arguing that AI-driven threats are forcing more enterprise spending on automated security tools. Jefferies Hikes Palo Alto Networks Price Target to 265: AI Is Compressing Attack Timelines
- Positive Sentiment: Jefferies and other commentary point to Palo Alto’s new “Idira” platform, which could broaden the company’s identity-security offering and create a new growth engine beyond its core cybersecurity business. Palo Alto advances AI-driven identity strategy with Idira launch, shares gain
- Neutral Sentiment: Zacks noted that PANW is drawing unusual investor attention, but the piece was mainly a watchlist-style overview rather than a fresh catalyst. Is Most-Watched Stock Palo Alto Networks, Inc. (PANW) Worth Betting on Now?
Insider Activity
In other Palo Alto Networks news, Director James J. Goetz sold 22,684 shares of Palo Alto Networks stock in a transaction on Friday, March 6th. The shares were sold at an average price of $164.41, for a total transaction of $3,729,476.44. Following the completion of the transaction, the director directly owned 52,500 shares of the company’s stock, valued at $8,631,525. The trade was a 30.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John P. Key sold 1,572 shares of Palo Alto Networks stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $173.32, for a total transaction of $272,459.04. Following the transaction, the director directly owned 20,000 shares of the company’s stock, valued at approximately $3,466,400. This trade represents a 7.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 30,356 shares of company stock valued at $4,981,575. 1.40% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. decreased their price objective on Palo Alto Networks from $225.00 to $200.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. BMO Capital Markets decreased their price objective on Palo Alto Networks from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Cantor Fitzgerald restated an “overweight” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. New Street Research lowered their target price on shares of Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Mizuho set a $200.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 18th. Two analysts have rated the stock with a Strong Buy rating, thirty-six have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $214.98.
Check Out Our Latest Stock Report on Palo Alto Networks
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.
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