3,668 Palo Alto Networks, Inc. $PANW Shares Acquired by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 6.3% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,118 shares of the network technology company’s stock after buying an additional 3,668 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Palo Alto Networks were worth $24,680,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Solstein Capital LLC purchased a new position in shares of Palo Alto Networks during the second quarter worth about $26,000. N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks during the 2nd quarter valued at approximately $27,000. Delos Wealth Advisors LLC purchased a new stake in Palo Alto Networks during the 2nd quarter valued at approximately $28,000. Principia Wealth Advisory LLC raised its stake in Palo Alto Networks by 125.0% during the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 45 shares during the last quarter. Finally, Private Wealth Management Group LLC lifted its position in Palo Alto Networks by 148.1% during the 1st quarter. Private Wealth Management Group LLC now owns 201 shares of the network technology company’s stock worth $32,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Needham & Company LLC reiterated a “buy” rating and set a $425.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Roth Capital reissued a “neutral” rating and issued a $300.00 price target (up from $210.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Wedbush began coverage on Palo Alto Networks in a research report on Friday, September 11th. They issued an “outperform” rating and a $400.00 price objective on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $398.55.

Insiders Place Their Bets

In other Palo Alto Networks news, Director John Key sold 2,500 shares of the firm’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the sale, the director directly owned 10,000 shares of the company’s stock, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $395.70, for a total value of $158,280.00. Following the completion of the sale, the chief accounting officer owned 77,987 shares of the company’s stock, valued at $30,859,455.90. This trade represents a 0.51% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Up 2.9%

PANW stock opened at $401.70 on Wednesday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The company has a 50 day moving average price of $371.00 and a two-hundred day moving average price of $267.03.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm posted $0.95 earnings per share. The company’s revenue was up 34.5% on a year-over-year basis. 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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Palo Alto Networks Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.