12,390 Palo Alto Networks, Inc. $PANW Shares Acquired by Nippon Life Global Investors Americas Inc.

Nippon Life Global Investors Americas Inc. grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 265.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,060 shares of the network technology company’s stock after purchasing an additional 12,390 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Palo Alto Networks were worth $6,778,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PANW. BlackRock Inc. bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $25,833,462,000. State Street Corp boosted its holdings in Palo Alto Networks by 4.2% in the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after buying an additional 1,493,179 shares during the period. Bank of America Corp DE boosted its holdings in Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after buying an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Palo Alto Networks by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock worth $2,993,802,000 after buying an additional 706,003 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in Palo Alto Networks in the 2nd quarter worth $1,968,304,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $365.87 on Monday. The firm has a fifty day simple moving average of $372.15 and a two-hundred day simple moving average of $269.89. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $299.56 billion, a P/E ratio of 717.41, a PEG ratio of 10.49 and a beta of 0.96. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the firm earned $0.95 EPS. The firm’s revenue for the quarter was up 34.5% compared to the same quarter last year. 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, analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PANW. Loop Capital raised their price target on Palo Alto Networks from $290.00 to $350.00 and gave the company a “hold” rating in a report on Friday, August 21st. Argus reaffirmed a “buy” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research note on Thursday, September 3rd. BNP Paribas Exane increased their target price on Palo Alto Networks from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a research note on Monday, August 31st. Finally, Barclays reissued an “overweight” rating and issued a $375.00 price target (up from $370.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Insider Transactions at Palo Alto Networks

In other news, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John Key sold 2,500 shares of the stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director owned 10,000 shares in the company, valued at approximately $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 54,210 shares of company stock valued at $20,823,029. Company insiders own 0.55% of the company’s stock.

Palo Alto Networks Company 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.