OMC Financial Services LTD Has $3.80 Million Stock Holdings in Palo Alto Networks, Inc. $PANW

OMC Financial Services LTD raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANWFree Report) by 11.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 23,680 shares of the network technology company’s stock after acquiring an additional 2,505 shares during the quarter. Palo Alto Networks makes up about 1.5% of OMC Financial Services LTD’s portfolio, making the stock its 19th largest holding. OMC Financial Services LTD’s holdings in Palo Alto Networks were worth $3,796,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Palo Alto Networks in the fourth quarter worth $1,415,364,000. Vanguard Group Inc. raised its position in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares during the last quarter. Bank of America Corp DE lifted its holdings in Palo Alto Networks by 11.9% during the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after buying an additional 2,065,776 shares during the period. Employees Provident Fund Board acquired a new position in Palo Alto Networks during the 4th quarter worth about $281,542,000. Finally, Eurizon Capital SGR S.p.A. bought a new stake in shares of Palo Alto Networks in the 4th quarter valued at about $164,968,000. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 3.7%

Shares of NASDAQ:PANW traded down $12.40 during mid-day trading on Friday, hitting $325.91. The company had a trading volume of 4,677,069 shares, compared to its average volume of 7,047,614. The firm has a fifty day moving average price of $274.08 and a 200 day moving average price of $206.64. The company has a market capitalization of $265.62 billion, a PE ratio of 267.14, a price-to-earnings-growth ratio of 12.56 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.17.

Palo Alto Networks (NASDAQ:PANWGet Free Report) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, research analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Insider Activity

In related news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the sale, the director directly owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction that occurred 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 approximately $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 101,239 shares of company stock valued at $27,174,360. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Sanford C. Bernstein increased their price target on Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 target price on shares of Palo Alto Networks and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Wolfe Research reissued an “outperform” rating and set a $320.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Royal Bank Of Canada raised their price target on shares of Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $318.65.

Read Our Latest Stock Analysis on PANW

Palo Alto Networks Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Palo Alto Networks (NASDAQ:PANW)

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