Palo Alto Networks, Inc. $PANW Stock Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 106.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,652 shares of the network technology company’s stock after purchasing an additional 6,519 shares during the quarter. Fulcrum Asset Management LLP’s holdings in Palo Alto Networks were worth $4,914,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. BlackRock Inc. acquired a new position in Palo Alto Networks in the second quarter valued at about $25,833,462,000. Legal & General Group Plc acquired a new stake in Palo Alto Networks during the second quarter worth about $1,968,304,000. Bank of New York Mellon Corp acquired a new stake in Palo Alto Networks during the second quarter worth about $1,569,755,000. Deutsche Bank AG acquired a new stake in Palo Alto Networks during the second quarter worth about $1,481,236,000. Finally, Bank of America Corp DE increased its holdings in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after buying an additional 3,101,267 shares during the period. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 5.4%

Shares of NASDAQ PANW opened at $330.89 on Tuesday. 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 has a market cap of $270.92 billion, a price-to-earnings ratio of 648.82, a PEG ratio of 9.98 and a beta of 0.96. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The stock has a 50-day moving average price of $369.48 and a two-hundred day moving average price of $274.33.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping 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 firm had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. During the same quarter in the prior year, the business earned $0.95 earnings per share. The business’s revenue for the quarter 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. As a group, analysts forecast that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were 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 $2,031,317.57. This trade represents a 15.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director John Key sold 2,500 shares of the business’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following 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 position. The SEC filing for this sale provides additional information. Insiders sold 54,210 shares of company stock worth $20,823,029 over the last 90 days. 0.55% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on PANW shares. Wells Fargo & Company restated an “overweight” rating and issued a $525.00 target price (up from $475.00) on shares of Palo Alto Networks in a research report on Monday, October 12th. BNP Paribas Exane increased their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research report on Wednesday, August 19th. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Finally, New Street Research set a $415.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 18th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $398.55.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats.

The company’s product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.

Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks serves businesses, government agencies and other organizations around the world.