3,700 Palo Alto Networks, Inc. $PANW Shares Bought by Mn Services Vermogensbeheer B.V.

Key Points

• Mn Services Vermogensbeheer B.V. increased its Palo Alto Networks stake by 1.6% in the third quarter, buying 3,700 shares and ending the period with 240,029 shares valued at approximately $95.4 million.
• Institutional investors and hedge funds own 79.82% of PANW, while insiders sold 53,960 shares worth about $20.7 million during the last quarter.
• Analysts maintain a generally positive outlook, with 38 Buy ratings and 12 Holds, producing a “Moderate Buy” consensus and an average price target of $391.32. Palo Alto Networks recently exceeded quarterly earnings and revenue expectations, with revenue up 34.5% year over year.

Mn Services Vermogensbeheer B.V. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 240,029 shares of the network technology company's stock after purchasing an additional 3,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Palo Alto Networks were worth $95,366,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in PANW. First Heartland Consultants Inc. increased its stake in shares of Palo Alto Networks by 28.1% in the third quarter. First Heartland Consultants Inc. now owns 2,486 shares of the network technology company's stock valued at $988,000 after buying an additional 545 shares during the period. GAMMA Investing LLC raised its stake in shares of Palo Alto Networks by 7.2% during the third quarter. GAMMA Investing LLC now owns 29,037 shares of the network technology company's stock valued at $11,537,000 after acquiring an additional 1,943 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Palo Alto Networks by 7.0% during the third quarter. Grove Bank & Trust now owns 472 shares of the network technology company's stock worth $188,000 after purchasing an additional 31 shares during the period. Hamilton Capital LLC bought a new stake in shares of Palo Alto Networks in the third quarter worth $219,000. Finally, Meadowbrook Wealth Management LLC acquired a new stake in Palo Alto Networks in the third quarter valued at $437,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of the business's stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the completion of the sale, the executive vice president owned 117,750 shares in the company, valued at approximately $46,110,900. The trade was a 18.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Josh Paul sold 400 shares of the business's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $395.70, for a total transaction of $158,280.00. Following the sale, the chief accounting officer directly owned 77,987 shares of the company's stock, valued at approximately $30,859,455.90. The trade was a 0.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 53,960 shares of company stock worth $20,719,959 in the last quarter. Insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

PANW has been the topic of a number of analyst reports. TD Cowen reiterated a "buy" rating and issued a $440.00 price target (up from $400.00) on shares of Palo Alto Networks in a research report on Friday, October 2nd. Phillip Securities cut Palo Alto Networks from a "moderate buy" rating to a "hold" rating and upped their target price for the company from $320.00 to $346.00 in a report on Monday, September 7th. Argus restated a "buy" rating and set a $425.00 price target on shares of Palo Alto Networks in a report on Thursday, September 3rd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, September 8th. Finally, Wedbush started coverage on shares of Palo Alto Networks in a research note on Friday, September 11th. They set an "outperform" rating and a $400.00 target price for the company. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $391.32.

Palo Alto Networks Stock Performance

Shares of PANW opened at $398.50 on Friday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. The company has a market cap of $325.97 billion, a PE ratio of 781.39, a P/E/G ratio of 11.67 and a beta of 0.93. The stock has a 50-day moving average of $369.15 and a 200-day moving average of $292.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly 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. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the prior year, the business earned $0.95 EPS. The firm's revenue for the quarter 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. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.

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