Hanseatic Management Services Inc. Acquires New Holdings in Palo Alto Networks, Inc. $PANW

Hanseatic Management Services Inc. acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, Holdings Channel.com reports. The fund acquired 1,656 shares of the network technology company’s stock, valued at approximately $658,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of Palo Alto Networks in the second quarter worth $25,833,462,000. State Street Corp lifted its position in shares of Palo Alto Networks by 4.2% in the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after acquiring an additional 1,493,179 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after acquiring an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Palo Alto Networks by 8.7% during the second 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 valued at $2,993,802,000 after acquiring an additional 706,003 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Palo Alto Networks during the second quarter valued at $1,968,304,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $394.49 on Thursday. The company has a market cap of $322.69 billion, a P/E ratio of 773.52, a P/E/G ratio of 10.95 and a beta of 0.93. The business has a fifty day simple moving average of $371.40 and a 200-day simple moving average of $268.05. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business posted $0.95 earnings per share. 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Analyst Upgrades and Downgrades

PANW has been the subject of several analyst reports. TD Cowen reissued a “buy” rating and issued a $440.00 target price (up from $400.00) on shares of Palo Alto Networks in a research note on Friday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $425.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Oppenheimer reaffirmed an “outperform” rating and set a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Guggenheim reiterated a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Finally, BTIG Research boosted their price objective on shares of Palo Alto Networks from $404.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, September 28th. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $398.55.

Insider Activity at Palo Alto Networks

In related news, Director Aparna Bawa sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $2,031,317.57. This trade represents a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the sale, the executive vice president owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 54,210 shares of company stock worth $20,823,029. Corporate insiders own 1.40% 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.