11,646 Shares in Palo Alto Networks, Inc. $PANW Acquired by Syntax Research Inc.

Syntax Research Inc. acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,646 shares of the network technology company's stock, valued at approximately $2,383,000. Palo Alto Networks makes up about 1.7% of Syntax Research Inc.'s holdings, making the stock its 20th largest holding.

A number of other large investors also recently bought and sold shares of PANW. Nuveen LLC purchased a new position in Palo Alto Networks in the first quarter worth $810,047,000. Kingstone Capital Partners Texas LLC purchased a new position in Palo Alto Networks in the second quarter worth $633,068,000. Goldman Sachs Group Inc. grew 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 worth $1,234,650,000 after purchasing an additional 2,134,735 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Palo Alto Networks by 77.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock worth $662,000,000 after purchasing an additional 1,688,432 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock worth $10,712,019,000 after purchasing an additional 1,541,637 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the completion of the sale, the chief accounting officer owned 32,474 shares of the company's stock, valued at approximately $6,564,943.84. This represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $259,351,606 in the last 90 days. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

PANW has been the topic of several analyst reports. UBS Group set a $245.00 price target on shares of Palo Alto Networks in a report on Friday, September 26th. Jefferies Financial Group set a $235.00 price target on shares of Palo Alto Networks in a report on Tuesday, July 29th. Wedbush reaffirmed an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Monday, September 15th. DA Davidson reissued a "buy" rating and set a $215.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, BMO Capital Markets boosted their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $214.64.

Palo Alto Networks Stock Up 1.2%

PANW opened at $209.30 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39. The company has a 50-day moving average price of $190.12 and a 200 day moving average price of $188.04. The company has a market cap of $140.00 billion, a PE ratio of 130.40, a price-to-earnings-growth ratio of 4.92 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released 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. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm earned $0.75 EPS. The company's revenue for the quarter was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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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