650 Shares in Palo Alto Networks, Inc. $PANW Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 650 shares of the network technology company’s stock, valued at approximately $133,000.

A number of other hedge funds have also bought and sold shares of PANW. Nuveen LLC acquired a new position in Palo Alto Networks in the first quarter worth about $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in Palo Alto Networks in the second quarter worth about $633,068,000. Goldman Sachs Group Inc. grew its stake in Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after purchasing an additional 2,134,735 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Palo Alto Networks by 77.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock worth $662,000,000 after purchasing an additional 1,688,432 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after purchasing an additional 1,541,637 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the sale, the chief executive officer owned 275,013 shares of the company’s stock, valued at $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total value of $25,594,426.08. Following the sale, the executive vice president directly owned 149,190 shares in the company, valued at approximately $31,616,344.80. The trade was a 44.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock valued at $260,687,367 over the last 90 days. Corporate insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on PANW shares. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a research note on Tuesday, July 29th. Sanford C. Bernstein set a $207.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Piper Sandler upgraded Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Wedbush restated an “outperform” rating and issued a $225.00 target price on shares of Palo Alto Networks in a research note on Monday, September 15th. Finally, Westpark Capital restated a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $217.22.

Palo Alto Networks Trading Up 1.0%

Shares of NASDAQ PANW opened at $217.11 on Friday. The stock has a 50 day simple moving average of $200.79 and a 200-day simple moving average of $192.18. The company has a market cap of $145.22 billion, a PE ratio of 135.27, a P/E/G ratio of 5.11 and a beta of 0.98. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $218.23.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Palo Alto Networks 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.