Palo Alto Networks, Inc. $PANW Stock Purchased by Roman Butler Fullerton & Co.

Roman Butler Fullerton & Co. raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 16.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,569 shares of the network technology company’s stock after purchasing an additional 1,342 shares during the quarter. Palo Alto Networks makes up approximately 0.9% of Roman Butler Fullerton & Co.’s holdings, making the stock its 22nd biggest position. Roman Butler Fullerton & Co.’s holdings in Palo Alto Networks were worth $3,802,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PANW. B&D White Capital Company LLC acquired a new position in Palo Alto Networks in the first quarter worth approximately $353,000. Bridgewater Advisors Inc. bought a new position in Palo Alto Networks during the second quarter valued at approximately $2,159,000. Mn Services Vermogensbeheer B.V. lifted its stake in Palo Alto Networks by 1.6% in the third quarter. Mn Services Vermogensbeheer B.V. now owns 240,029 shares of the network technology company’s stock valued at $95,366,000 after acquiring an additional 3,700 shares during the last quarter. First Citizens Bank & Trust Co. lifted its stake in Palo Alto Networks by 126.6% in the third quarter. First Citizens Bank & Trust Co. now owns 18,600 shares of the network technology company’s stock valued at $7,390,000 after acquiring an additional 10,392 shares during the last quarter. Finally, Lansforsakringar Fondforvaltning AB publ lifted its stake in Palo Alto Networks by 22.8% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 507,550 shares of the network technology company’s stock valued at $81,370,000 after acquiring an additional 94,117 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insiders Place Their Bets

In related news, Director John Key sold 2,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 10,000 shares in the company, valued at $3,760,300. This represents a 20.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 in the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the stock. JPMorgan Chase & Co. boosted their target price on shares of Palo Alto Networks from $326.00 to $384.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 25th. Barclays restated an “overweight” rating and set a $375.00 price target (up from $370.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Weiss Ratings upgraded shares of Palo Alto Networks from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, August 19th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Trading Up 2.9%

Shares of PANW opened at $401.70 on Wednesday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The company’s fifty day moving average price is $371.00 and its 200 day moving average price is $267.03.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates 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. During the same period in the prior year, the firm earned $0.95 EPS. The firm’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. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Palo Alto Networks Profile

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.