Probity Advisors Inc. acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,583 shares of the network technology company’s stock, valued at approximately $324,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in PANW. Dagco Inc. purchased a new stake in shares of Palo Alto Networks during the 1st quarter valued at $33,000. WPG Advisers LLC purchased a new stake in shares of Palo Alto Networks during the 1st quarter valued at $37,000. Strategic Investment Solutions Inc. IL lifted its holdings in shares of Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after purchasing an additional 83 shares during the last quarter. Stonebridge Financial Group LLC lifted its holdings in shares of Palo Alto Networks by 46.8% during the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company’s stock valued at $40,000 after purchasing an additional 74 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $41,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.
Insider Activity at Palo Alto Networks
In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the sale, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. This trade represents a 2.11% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president directly owned 96,135 shares in the company, valued at $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,315,130 shares of company stock worth $260,687,367 in the last three months. Company insiders own 2.50% of the company’s stock.
Palo Alto Networks Stock Performance
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion for 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 firm’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period last year, the firm earned $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently issued reports on PANW. Tigress Financial began coverage on Palo Alto Networks in a research report on Friday, September 26th. They issued a “buy” rating and a $245.00 target price on the stock. Stephens reissued an “equal weight” rating and issued a $205.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of Palo Alto Networks in a research report on Wednesday, October 8th. Morgan Stanley upped their target price on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Finally, Oppenheimer upped their target price on Palo Alto Networks from $225.00 to $245.00 and gave the company an “outperform” rating in a research report on Friday, October 17th. Thirty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $217.22.
View Our Latest Research Report on Palo Alto Networks
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.
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