Mirae Asset Global Investments Co. Ltd. Raises Position in Palo Alto Networks, Inc. $PANW

Mirae Asset Global Investments Co. Ltd. raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 28.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 324,055 shares of the network technology company’s stock after acquiring an additional 72,559 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Palo Alto Networks were worth $66,315,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PANW. HWG Holdings LP purchased a new position in Palo Alto Networks in the 1st quarter valued at approximately $31,000. Dagco Inc. purchased a new position in Palo Alto Networks in the 1st quarter valued at approximately $33,000. WPG Advisers LLC purchased a new position in Palo Alto Networks in the 1st quarter valued at approximately $37,000. Strategic Investment Solutions Inc. IL boosted its position in Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after buying an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC boosted its position in Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock valued at $40,000 after buying an additional 74 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the sale, the chief accounting officer owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the sale, the executive vice president directly owned 206,718 shares in the company, valued at approximately $35,468,674.44. This represents a 36.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock valued at $259,351,606 in the last quarter. Corporate insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Tigress Financial assumed coverage on shares of Palo Alto Networks in a research report on Friday, September 26th. They issued a “buy” rating and a $245.00 price target for the company. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a report on Tuesday, July 29th. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Rosenblatt Securities reduced their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Finally, Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $214.64.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $209.30 on Friday. The company’s fifty day moving average price is $190.12 and its 200 day moving average price is $188.04. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The firm has a market capitalization of $140.00 billion, a P/E ratio of 130.40, a P/E/G ratio of 4.92 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the business earned $0.75 EPS. Palo Alto Networks’s revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.