Fund Advisors of America Inc FL Makes New Investment in Palo Alto Networks, Inc. $PANW

Fund Advisors of America Inc FL bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, HoldingsChannel.com reports. The fund bought 1,597 shares of the network technology company’s stock, valued at approximately $545,000.

Several other institutional investors also recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Palo Alto Networks in the 2nd quarter worth approximately $25,833,462,000. Norges Bank acquired a new position in Palo Alto Networks during the 4th quarter valued at approximately $1,415,364,000. Bank of New York Mellon Corp bought a new position in Palo Alto Networks during the 2nd quarter worth $1,569,755,000. Deutsche Bank AG bought a new position in Palo Alto Networks during the 2nd quarter worth $1,481,236,000. Finally, Bank of America Corp DE increased its position in Palo Alto Networks by 16.0% in the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the period. 79.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Aparna Bawa sold 290 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the transaction, the director owned 6,437 shares in the company, valued at $2,244,839.38. This represents a 4.31% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Helle Thorning-Schmidt sold 700 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the transaction, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 37,935 shares of company stock valued at $10,809,461. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on PANW. BTIG Research raised their target price on Palo Alto Networks from $333.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Needham & Company LLC upped their price target on shares of Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. Evercore reaffirmed an “outperform” rating and issued a $415.00 price objective on shares of Palo Alto Networks in a report on Wednesday, July 8th. Argus set a $425.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, July 21st. Finally, Mizuho set a $415.00 target price on shares of Palo Alto Networks and gave the company an “outperform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $362.67.

Palo Alto Networks Stock Up 2.4%

Shares of Palo Alto Networks stock opened at $358.04 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The business’s fifty day moving average price is $337.38 and its two-hundred day moving average price is $241.72. The company has a market capitalization of $291.80 billion, a P/E ratio of 293.48, a PEG ratio of 11.74 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion during 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 revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business 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. As a group, research analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

About Palo Alto Networks

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.