612,015 Shares in Palo Alto Networks, Inc. $PANW Purchased by Korea Investment CORP

Korea Investment CORP bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 612,015 shares of the network technology company’s stock, valued at approximately $208,709,000. Korea Investment CORP owned approximately 0.08% of Palo Alto Networks as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of PANW. EP Wealth Advisors LLC purchased a new stake in shares of Palo Alto Networks in the second quarter worth about $81,085,000. M1 Capital Management LLC purchased a new position in Palo Alto Networks during the second quarter valued at approximately $501,000. Rakuten Securities Inc. purchased a new position in Palo Alto Networks during the second quarter valued at approximately $496,000. Ieq Capital LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $32,131,000. Finally, Callan Family Office LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth approximately $10,888,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

PANW stock opened at $358.04 on Friday. The firm’s fifty day moving average is $337.38 and its 200 day moving average is $241.72. 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, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The firm has a market cap of $291.80 billion, a P/E ratio of 293.48, a P/E/G ratio of 11.74 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 EPS. 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. Research analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the transaction, the chief accounting officer owned 79,644 shares in the company, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the sale, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. The trade was a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 37,935 shares of company stock valued at $10,809,461. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PANW shares. Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $320.00 price objective on Palo Alto Networks in a research report on Wednesday, June 3rd. Royal Bank Of Canada reissued an “outperform” rating and set a $434.00 price objective (up from $330.00) on shares of Palo Alto Networks in a research note on Friday, August 14th. Berenberg Bank boosted their target price on Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $362.67.

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.