Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Acquires New Holdings in Palo Alto Networks, Inc. $PANW

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 75,499 shares of the network technology company’s stock, valued at approximately $25,747,000. Palo Alto Networks comprises approximately 3.2% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s investment portfolio, making the stock its 5th biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after acquiring an additional 4,031 shares during the last quarter. Bison Wealth LLC boosted its holdings in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after acquiring an additional 3,275 shares during the period. Sivia Capital Partners LLC grew its position in shares of Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after purchasing an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. grew its position in shares of Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after purchasing an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock worth $900,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on PANW shares. Evercore reissued an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Guggenheim reaffirmed a “neutral” rating on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Royal Bank Of Canada lifted their price target on Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. Robert W. Baird set a $420.00 price target on Palo Alto Networks in a report on Wednesday, September 2nd. Finally, Citigroup cut Palo Alto Networks from a “buy” rating to a “neutral” rating in a research report on Monday. Thirty-nine equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $385.67.

Insider Buying and Selling at Palo Alto Networks

In related news, Director James Goetz sold 20,000 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Helle Thorning-Schmidt sold 700 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director directly owned 5,898 shares of the company’s stock, valued at approximately $2,045,721.30. This trade represents a 10.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 38,258 shares of company stock valued at $11,050,673 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Up 1.1%

NASDAQ PANW opened at $336.98 on Wednesday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The stock has a market cap of $274.64 billion, a PE ratio of 660.76, a PEG ratio of 9.62 and a beta of 0.91. The firm has a 50-day simple moving average of $350.13 and a 200 day simple moving average of $257.94. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.86 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The company’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 earnings per share. 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 forecast that Palo Alto Networks, Inc. will post 2.3 EPS for the current year.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.