Mandatum Life Insurance Co Ltd Takes $1.70 Million Position in Palo Alto Networks, Inc. $PANW

Mandatum Life Insurance Co Ltd acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,623 shares of the network technology company’s stock, valued at approximately $1,703,000.

A number of other institutional investors also recently modified their holdings of PANW. Fayez Sarofim & Co raised its holdings in Palo Alto Networks by 1.2% during the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after buying an additional 50 shares during the last quarter. Cooper Financial Group lifted its position in shares of Palo Alto Networks by 1.3% during the 4th quarter. Cooper Financial Group now owns 4,227 shares of the network technology company’s stock worth $779,000 after buying an additional 53 shares in the last quarter. Outfitters Financial LLC boosted its position in Palo Alto Networks by 1.7% in the fourth quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock worth $601,000 after purchasing an additional 55 shares during the last quarter. Ancora Advisors LLC boosted its holdings in shares of Palo Alto Networks by 2.4% in the 3rd quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company’s stock worth $471,000 after buying an additional 55 shares during the last quarter. Finally, PGIM Custom Harvest LLC boosted its stake in Palo Alto Networks by 1.4% in the third quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company’s stock valued at $786,000 after acquiring an additional 55 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

PANW stock opened at $352.89 on Wednesday. The firm has a 50 day moving average price of $280.47 and a 200-day moving average price of $208.93. The firm has a market capitalization of $287.61 billion, a price-to-earnings ratio of 289.25, a PEG ratio of 12.26 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS 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 analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.37 earnings per share. 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on PANW shares. Mizuho increased their price target on Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Sanford C. Bernstein upped their price target on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Wolfe Research reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. BTIG Research lifted their price target on Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Finally, Royal Bank Of Canada boosted their price objective on shares of Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $319.96.

More Palo Alto Networks News

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: PANW is benefiting from a broad cybersecurity rally, with buyers moving into the group after cooler-than-expected inflation data eased pressure on high-valuation tech stocks. CrowdStrike Climbs 11%, Palo Alto Rises 7% as Cybersecurity Stocks Rally on Cooling Inflation
• Positive Sentiment: IBM’s warning about “rapidly-evolving” cybersecurity concerns is also lifting sentiment across the sector, as it suggests more corporate demand for security tools and services. IBM Heads for Worst Day Ever — But Why Are Cybersecurity Stocks Up?
• Positive Sentiment: Jim Cramer called Palo Alto Networks “unbelievable,” adding another bullish headline that can help support investor enthusiasm around the stock. Jim Cramer Reveals Why Palo Alto Networks, Inc. (PANW) Is “Unbelievable”
• Neutral Sentiment: Recent articles note that PANW has attracted heavy investor attention and has already delivered strong gains over the past year, which underscores momentum but does not add a new fundamental catalyst. Palo Alto Networks, Inc. (PANW) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: Some analyst-style coverage still points to higher integration costs and says Zscaler has the edge on valuation and Zero Trust adoption, which is more of a relative comparison than a direct blow to PANW. PANW vs. ZS: Which Cybersecurity Stock Has an Edge Right Now?

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the sale, the executive vice president directly owned 235,983 shares in the company, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 in the last three months. Corporate insiders own 1.40% of the company’s stock.

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.