Palo Alto Networks, Inc. $PANW Shares Acquired by Eventide Asset Management LLC

Eventide Asset Management LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,914 shares of the network technology company’s stock after purchasing an additional 2,040 shares during the period. Eventide Asset Management LLC’s holdings in Palo Alto Networks were worth $22,176,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PANW. Vanguard Group Inc. grew its stake in Palo Alto Networks by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after acquiring an additional 1,541,637 shares during the period. Goldman Sachs Group Inc. increased its holdings 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 valued at $1,234,650,000 after buying an additional 2,134,735 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of Palo Alto Networks by 98.0% in the 4th quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company’s stock worth $1,120,615,000 after buying an additional 3,047,625 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Palo Alto Networks by 92.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company’s stock valued at $1,082,895,000 after purchasing an additional 2,862,718 shares during the period. Finally, Nuveen LLC bought a new stake in Palo Alto Networks during the 1st quarter valued at $810,047,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on PANW shares. Wedbush restated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Cantor Fitzgerald reissued an “overweight” rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Friday, August 15th. DA Davidson reissued a “buy” rating and set a $215.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Northland Securities reduced their price objective on shares of Palo Alto Networks from $210.00 to $177.00 and set a “market perform” rating for the company in a research note on Wednesday, May 21st. Finally, Morgan Stanley raised their price target on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research report on Tuesday. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.68.

Palo Alto Networks Trading Up 0.5%

PANW stock opened at $191.53 on Thursday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The stock has a 50-day moving average price of $188.66 and a two-hundred day moving average price of $185.99. The stock has a market cap of $127.71 billion, a PE ratio of 119.33, a price-to-earnings-growth ratio of 4.55 and a beta of 0.98.

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

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the sale, the executive vice president owned 206,718 shares in the company, valued at approximately $35,468,674.44. This represents a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 448,648 shares of company stock valued at $83,548,499. Corporate insiders own 2.50% of the company’s stock.

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.