OMERS ADMINISTRATION Corp Increases Stock Position in Palo Alto Networks, Inc. $PANW

OMERS ADMINISTRATION Corp grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 867,264 shares of the network technology company’s stock after acquiring an additional 8,405 shares during the period. OMERS ADMINISTRATION Corp’s holdings in Palo Alto Networks were worth $139,040,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PANW. Themes Management Co LLC purchased a new stake in Palo Alto Networks in the 1st quarter worth approximately $287,000. Lombard Odier Asset Management Europe Ltd increased its stake in shares of Palo Alto Networks by 5.6% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 76,315 shares of the network technology company’s stock valued at $12,235,000 after buying an additional 4,024 shares during the period. Waverly Advisors LLC raised its holdings in shares of Palo Alto Networks by 25.1% during the first quarter. Waverly Advisors LLC now owns 126,130 shares of the network technology company’s stock valued at $20,221,000 after acquiring an additional 25,343 shares in the last quarter. Wealth Alliance LLC raised its holdings in shares of Palo Alto Networks by 11.0% during the first quarter. Wealth Alliance LLC now owns 9,697 shares of the network technology company’s stock valued at $1,555,000 after acquiring an additional 962 shares in the last quarter. Finally, Empirical Finance LLC boosted its holdings in Palo Alto Networks by 1.0% in the first quarter. Empirical Finance LLC now owns 9,986 shares of the network technology company’s stock valued at $1,601,000 after acquiring an additional 100 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

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 Stock Down 0.6%

Shares of Palo Alto Networks stock opened at $323.79 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $263.89 billion, a PE ratio of 265.40, a price-to-earnings-growth ratio of 12.02 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.80. The company has a 50-day simple moving average of $300.79 and a two-hundred day simple moving average of $217.58.

Palo Alto Networks (NASDAQ:PANW) last issued its 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. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’s revenue was up 31.1% on a year-over-year basis. 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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Berenberg Bank boosted their price objective on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Susquehanna reaffirmed a “positive” rating and issued a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. DA Davidson lifted their target price on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Scotiabank reiterated a “sector outperform” rating and set a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Argus set a $425.00 price target on shares of Palo Alto Networks in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $331.48.

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.