1,656 Shares in Palo Alto Networks, Inc. $PANW Bought by Hanseatic Management Services Inc.

Hanseatic Management Services Inc. bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,656 shares of the network technology company’s stock, valued at approximately $658,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. WPG Advisers LLC lifted its stake in shares of Palo Alto Networks by 5.8% in the 3rd quarter. WPG Advisers LLC now owns 657 shares of the network technology company’s stock worth $261,000 after acquiring an additional 36 shares during the period. North Dakota State Investment Board boosted its holdings in shares of Palo Alto Networks by 3.8% in the third quarter. North Dakota State Investment Board now owns 24,698 shares of the network technology company’s stock valued at $9,813,000 after acquiring an additional 912 shares in the last quarter. AK Global Asset Management LLC purchased a new stake in shares of Palo Alto Networks in the third quarter valued at about $2,511,000. Beacon Bank & Trust increased its stake in shares of Palo Alto Networks by 5.9% during the third quarter. Beacon Bank & Trust now owns 2,796 shares of the network technology company’s stock worth $1,111,000 after acquiring an additional 156 shares during the period. Finally, Lynx Investment Advisory acquired a new position in shares of Palo Alto Networks during the third quarter worth about $480,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Mizuho set a $415.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Scotiabank cut Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a report on Wednesday, September 2nd. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Weiss Ratings raised Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $410.00 price objective (up from $345.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $398.55.

Palo Alto Networks Stock Down 1.8%

PANW stock opened at $394.49 on Thursday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The company’s 50-day moving average price is $371.40 and its 200 day moving average price is $268.05. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. The company has a market cap of $322.69 billion, a P/E ratio of 773.52, a P/E/G ratio of 10.95 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (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 company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same period last year, the company posted $0.95 earnings per share. The firm’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, research analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In related news, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the transaction, the executive vice president directly owned 117,750 shares of the company’s stock, valued at approximately $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Aparna Bawa sold 1,000 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $373.61, for a total value of $373,610.00. Following the sale, the director owned 5,437 shares in the company, valued at approximately $2,031,317.57. The trade was a 15.54% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock worth $20,823,029 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks 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.