Palo Alto Networks, Inc. $PANW Shares Purchased by Ibex Wealth Advisors

Ibex Wealth Advisors boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 991.1% during the third quarter, Holdings Channel reports. The institutional investor owned 12,569 shares of the network technology company’s stock after buying an additional 11,417 shares during the period. Ibex Wealth Advisors’ holdings in Palo Alto Networks were worth $4,994,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $25,833,462,000. State Street Corp lifted its holdings in shares of Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock worth $12,610,748,000 after acquiring an additional 1,493,179 shares during the period. Bank of America Corp DE boosted its position in shares of Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after acquiring an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Palo Alto Networks by 8.7% in 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 worth $2,993,802,000 after acquiring an additional 706,003 shares during the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Palo Alto Networks by 41.5% in the third quarter. Fisher Asset Management LLC now owns 8,142,895 shares of the network technology company’s stock worth $3,235,254,000 after acquiring an additional 2,386,906 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other news, Director John Key sold 2,500 shares of the firm’s stock in a transaction on Monday, September 14th. The shares were sold at an average price of $376.03, for a total value of $940,075.00. Following the transaction, the director owned 10,000 shares of the company’s stock, valued at approximately $3,760,300. This trade represents a 20.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Josh D. Paul sold 400 shares of Palo Alto Networks stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the transaction, the chief accounting officer owned 77,987 shares in the company, valued at $30,859,455.90. The trade was a 0.51% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 54,210 shares of company stock valued at $20,823,029 over the last quarter. Company insiders own 0.55% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of a number of recent analyst reports. KeyCorp upgraded shares of Palo Alto Networks from a “sector weight” rating to an “overweight” rating and set a $380.00 target price for the company in a report on Friday. Citigroup reaffirmed a “buy” rating and set a $440.00 price target (up from $410.00) on shares of Palo Alto Networks in a research report on Thursday, October 15th. Stephens set a $400.00 price target on shares of Palo Alto Networks and gave the stock an “equal weight” rating in a research note on Wednesday, September 2nd. BMO Capital Markets reiterated an “outperform” rating and issued a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a report on Thursday, August 20th. Finally, Susquehanna lifted their price target on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a report on Wednesday, September 2nd. Forty research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $397.12.

Palo Alto Networks Trading Down 0.1%

Shares of NASDAQ:PANW traded down $0.42 during trading on Friday, reaching $322.24. 5,278,636 shares of the stock were exchanged, compared to its average volume of 6,260,294. The firm’s 50-day moving average price is $367.50 and its 200 day moving average price is $277.20. The firm has a market cap of $263.84 billion, a price-to-earnings ratio of 631.86, a price-to-earnings-growth ratio of 9.25 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 company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $3.35 billion. During the same quarter last year, the firm posted $0.95 earnings per share. Palo Alto Networks’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. On average, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current fiscal year.

Key Palo Alto Networks News

These are some of the PANW news items that stood out recently:

• Positive Sentiment: KeyBanc upgraded PANW to Overweight from Sector Weight and set a $380 price target. The firm expects next-generation security growth, stronger security spending, and demand for AI protection to outweigh concerns about the traditional firewall business. The upgrade helped lift shares in premarket trading. Palo Alto Networks stock rises as KeyBanc upgrades shares to Overweight
• Positive Sentiment: Palo Alto’s AI-security tool was described as the company’s fastest product ramp, highlighting adoption momentum in a growth area. CIBC also included PANW among its post-election stock picks. Palo Alto Networks AI security tool became the company’s fastest product ramp
• Neutral Sentiment: PANW was also noted as a holding in Jim Cramer’s Charitable Trust. This is a visibility signal, but the article provides no new company-specific operating or financial catalyst. A Jim Cramer’s Trust Stock Is Using AI to Breaks the Defenses It Helps Protect

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.