APG Asset Management N.V. Acquires 17,316 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• APG Asset Management N.V. increased its holdings in Palo Alto Networks by 4.2%, acquiring an additional 17,316 shares, bringing its total ownership to 432,994 shares valued at $68.4 million.
• Palo Alto Networks reported a 15.8% year-over-year revenue growth in its latest earnings report, achieving $2.54 billion in revenue and an EPS of $0.95, exceeding analyst estimates.
• The stock has received several upgrade ratings from brokerages, with Truist Financial setting a $220 price target and Bank of America upgrading its rating to "buy" at a $215 price objective.

APG Asset Management N.V. grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 432,994 shares of the network technology company's stock after acquiring an additional 17,316 shares during the period. APG Asset Management N.V. owned 0.07% of Palo Alto Networks worth $68,400,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in Palo Alto Networks in the fourth quarter worth approximately $29,000. HWG Holdings LP bought a new stake in shares of Palo Alto Networks during the 1st quarter valued at $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks during the 1st quarter valued at $33,000. SWAN Capital LLC raised its position in shares of Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, Glen Eagle Advisors LLC raised its position in shares of Palo Alto Networks by 100.0% during the 4th quarter. Glen Eagle Advisors LLC now owns 212 shares of the network technology company's stock valued at $39,000 after purchasing an additional 106 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Trading Up 1.4%

Shares of NASDAQ:PANW opened at $185.88 on Friday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The company has a 50-day moving average price of $190.61 and a 200 day moving average price of $186.33. The company has a market cap of $123.94 billion, a price-to-earnings ratio of 115.81, a PEG ratio of 4.47 and a beta of 0.94.

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 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 firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm's revenue for the quarter 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. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of $195.14, for a total transaction of $23,567,838.36. Following the completion of the transaction, the executive vice president owned 264,246 shares in the company, valued at $51,564,964.44. The trade was a 31.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 669,948 shares of company stock worth $126,552,277 in the last 90 days. 2.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on PANW. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday. Roth Capital began coverage on shares of Palo Alto Networks in a research report on Thursday, May 15th. They set a "neutral" rating and a $210.00 price objective on the stock. Bank of America upgraded shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a research report on Tuesday. DA Davidson reiterated a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a report on Tuesday. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $232.00 price objective on shares of Palo Alto Networks in a research report on Tuesday. Twenty-eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $211.52.

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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