2,392 Palo Alto Networks, Inc. $PANW Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 125,526 shares of the network technology company’s stock after purchasing an additional 2,392 shares during the period. Nisa Investment Advisors LLC’s holdings in Palo Alto Networks were worth $49,873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Palo Alto Networks during the second quarter valued at $25,833,462,000. State Street Corp grew its holdings in Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the period. Bank of America Corp DE grew its holdings in Palo Alto Networks by 0.9% during the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after purchasing an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in 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 buying an additional 706,003 shares in the last quarter. Finally, First Trust Advisors LP increased its position in Palo Alto Networks by 4.4% in the first quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $1,036,648,000 after buying an additional 273,103 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Palo Alto Networks news, Director James Goetz sold 20,000 shares of the stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John P. Key sold 2,500 shares of the firm’s stock in a transaction dated 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. The trade was a 20.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,210 shares of company stock worth $20,823,029 in the last 90 days. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

PANW has been the topic of several recent research reports. Capital One Financial raised their price objective on Palo Alto Networks from $421.00 to $428.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 2nd. UBS Group reiterated a “neutral” rating and set a $390.00 price objective (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Barclays reiterated an “overweight” rating and set a $375.00 price objective (up from $370.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. FBN Securities reissued an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. Finally, Phillip Securities cut shares of Palo Alto Networks from a “moderate buy” rating to a “hold” rating and raised their target price for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $398.55.

Palo Alto Networks Trading Down 1.9%

Palo Alto Networks stock opened at $340.28 on Wednesday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $432.33. The firm’s 50 day moving average price is $371.03 and its 200-day moving average price is $304.63. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The stock has a market cap of $278.35 billion, a P/E ratio of 667.23, a PEG ratio of 9.99 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last issued 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 during the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $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, equities analysts predict that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

About Palo Alto Networks

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.