Everest Financial Group LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 2.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 70,774 shares of the network technology company’s stock after purchasing an additional 1,968 shares during the quarter. Palo Alto Networks makes up approximately 3.3% of Everest Financial Group LLC’s holdings, making the stock its 7th biggest holding. Everest Financial Group LLC’s holdings in Palo Alto Networks were worth $28,119,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new position in Palo Alto Networks in the second quarter worth about $25,833,462,000. State Street Corp raised its stake in Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after buying an additional 1,493,179 shares in the last quarter. Bank of America Corp DE raised its stake in Palo Alto Networks by 0.9% during the second 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 buying an additional 205,123 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Palo Alto Networks by 8.7% during the second 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 buying an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP lifted its holdings in Palo Alto Networks by 4.4% during the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $1,036,648,000 after buying an additional 273,103 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.
Latest Palo Alto Networks News
Investors following PANW have been watching these news items:
- Positive Sentiment: Palo Alto’s software-firewall annual recurring revenue rose 29%, with cloud and AI workloads supporting demand for its network-security products. Can Software Firewall Demand Boost PANW’s Network Security Growth?
- Negative Sentiment: Bank of America says Palo Alto must beat quarterly estimates by at least 3% and raise its outlook to justify its premium valuation, setting a high bar for results. Bank of America’s outlook
- Negative Sentiment: A Zacks comparison favored Cloudflare over Palo Alto, citing Cloudflare’s stronger revenue-growth outlook and rising AI-security demand—potentially adding competitive pressure on PANW. PANW vs. NET: Which Cybersecurity Stock Should You Buy Right Now?
Wall Street Analysts Forecast Growth
PANW has been the subject of a number of research analyst reports. Robert W. Baird set a $420.00 price target on Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Jefferies Financial Group reduced their price objective on Palo Alto Networks from $450.00 to $400.00 and set a “buy” rating on the stock in a research note on Thursday. Scotiabank downgraded shares of Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a report on Wednesday, September 2nd. Citizens Jmp lifted their price objective on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 12th. Finally, Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, August 19th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $397.49.
Get Our Latest Report on Palo Alto Networks
Insider Activity
In other news, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction dated Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the sale, the executive vice president owned 117,750 shares in the company, valued at approximately $46,110,900. This represents a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 54,210 shares of company stock worth $20,823,029 over the last ninety days. 0.55% of the stock is currently owned by company insiders.
Palo Alto Networks Price Performance
NASDAQ PANW opened at $322.66 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $432.33. 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 stock has a market cap of $264.18 billion, a price-to-earnings ratio of 632.68, a price-to-earnings-growth ratio of 9.59 and a beta of 0.96. The company has a 50-day moving average price of $367.70 and a two-hundred day moving average price of $276.51.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the firm posted $0.95 earnings per share. The business’s revenue was up 34.5% on a year-over-year basis. 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.
Palo Alto Networks Profile
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.
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