Palo Alto Networks, Inc. $PANW Shares Newly Purchased by Leo Wealth LLC

Leo Wealth LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 2,200 shares of the network technology company’s stock, valued at approximately $874,000.

A number of other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. acquired a new stake in Palo Alto Networks during the 2nd quarter worth approximately $25,833,462,000. State Street Corp grew its holdings in Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after acquiring an additional 1,493,179 shares during the last quarter. Bank of America Corp DE increased its position 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 valued at $7,734,973,000 after acquiring an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Palo Alto Networks by 8.7% in the 2nd 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 acquiring an additional 706,003 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Palo Alto Networks by 4.4% during the first 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 acquiring an additional 273,103 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada lifted their price target on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. BNP Paribas Exane raised their target price on Palo Alto Networks from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. BMO Capital Markets reaffirmed an “outperform” rating and set a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. JPMorgan Chase & Co. upped their price target on Palo Alto Networks from $326.00 to $384.00 and gave the company an “overweight” rating in a research report on Tuesday, August 25th. Finally, Stephens set a $400.00 price target on Palo Alto Networks and gave the company an “equal weight” rating in a research note on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $398.55.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $390.46 on Tuesday. The company has a market capitalization of $319.40 billion, a PE ratio of 765.62, a P/E/G ratio of 10.95 and a beta of 0.93. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $432.33. The firm has a fifty day simple moving average of $370.35 and a 200 day simple moving average of $264.97.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion for the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Buying and Selling

In other Palo Alto Networks news, Director John Key sold 2,500 shares of Palo Alto Networks stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director directly owned 10,000 shares in the company, valued at approximately $3,760,300. The trade was a 20.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The disclosure for this sale is available in the SEC filing. Insiders sold 54,210 shares of company stock worth $20,823,029 over the last three months. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Company Profile

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.