Aware Super Pty Ltd as trustee of Aware Super acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the 1st quarter, HoldingsChannel.com reports. The firm acquired 55,841 shares of the network technology company’s stock, valued at approximately $8,952,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks in the 2nd quarter worth $25,000. Steph & Co. grew its position in Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares in the last quarter. Knuff & Co LLC purchased a new position in Palo Alto Networks in the fourth quarter worth $26,000. Sittner & Nelson LLC increased its stake in Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. Finally, Luken Investment Analytics LLC increased its stake in Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 102 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Palo Alto Networks
In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the sale, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the transaction, the director owned 5,898 shares of the company’s stock, valued at $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 over the last three months. 1.40% of the stock is currently owned by corporate insiders.
Palo Alto Networks Stock Performance
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 EPS. 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. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have issued reports on PANW shares. Loop Capital lifted their price target on Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Scotiabank reissued a “sector outperform” rating and set a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Capital One Financial set a $421.00 price objective on Palo Alto Networks and gave the company an “overweight” rating in a report on Thursday. HSBC upped their target price on Palo Alto Networks from $114.00 to $207.00 in a research note on Thursday, June 4th. Finally, Needham & Company LLC increased their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $327.74.
Check Out Our Latest Report on Palo Alto Networks
Palo Alto Networks 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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