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

by · The Cerbat Gem

Nippon Life Global Investors Americas Inc. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 265.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 17,060 shares of the network technology company’s stock after purchasing an additional 12,390 shares during the period. 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 & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in PANW. BlackRock Inc. acquired a new stake in Palo Alto Networks during the second quarter worth about $25,833,462,000. State Street Corp raised its stake 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 valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the last quarter. Bank of America Corp DE lifted its stake 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 purchasing an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Palo Alto Networks by 8.7% in 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 purchasing an additional 706,003 shares during the period. Finally, First Trust Advisors LP raised its holdings in Palo Alto Networks by 4.4% in the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after buying an additional 273,103 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director Aparna Bawa sold 250 shares of Palo Alto Networks stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $412.28, for a total transaction of $103,070.00. Following the transaction, the director directly owned 4,427 shares of the company’s stock, valued at $1,825,163.56. The trade was a 5.35% 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 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 sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. This represents a 18.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 0.55% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $365.87 on Monday. The firm has a fifty day moving average of $372.15 and a two-hundred day moving average of $269.89. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The firm has a market cap of $299.56 billion, a P/E ratio of 717.41, a P/E/G ratio of 10.49 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business’s revenue was up 34.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.95 EPS. 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. As a group, research analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PANW has been the subject of several recent research reports. Tigress Financial lifted their price objective on Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $430.00 price target (up from $350.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Evercore restated an “outperform” rating on shares of Palo Alto Networks in a report on Monday, August 31st. BTIG Research lifted their price target on shares of Palo Alto Networks from $404.00 to $425.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Finally, Yorkville Ives assumed coverage on Palo Alto Networks in a report on Monday, October 5th. They issued an “outperform” rating and a $500.00 price target for the company. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average price target of $398.55.

Get Our Latest Stock Analysis on Palo Alto Networks

Palo Alto Networks Company Profile

(Free Report)

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.

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