Assenagon Asset Management S.A. Has $37.80 Million Position in Palo Alto Networks, Inc. $PANW

Key Points

• Assenagon Asset Management S.A. increased its stake in Palo Alto Networks, Inc. by 341.5% during Q2, acquiring an additional 142,876 shares to total 184,713 shares valued at approximately $37.8 million.
• Insider selling was reported, with EVP Nir Zuk selling 100,000 shares for about $19.87 million and EVP Lee Klarich selling 120,774 shares for approximately $23.08 million.
• Palo Alto Networks stock is currently rated as a "Moderate Buy" by analysts, with an average target price of $212.39, and the company reported better-than-expected earnings last quarter.

Assenagon Asset Management S.A. increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 341.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,713 shares of the network technology company's stock after buying an additional 142,876 shares during the period. Assenagon Asset Management S.A.'s holdings in Palo Alto Networks were worth $37,800,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. Nuveen LLC bought a new stake in Palo Alto Networks in the first quarter valued at approximately $810,047,000. Kingstone Capital Partners Texas LLC bought a new stake in shares of Palo Alto Networks during the second quarter worth $633,068,000. GAMMA Investing LLC increased its position in shares of Palo Alto Networks by 18,802.8% during the first quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock worth $411,292,000 after acquiring an additional 2,397,539 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Palo Alto Networks by 41.9% during 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 acquiring an additional 2,134,735 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Palo Alto Networks by 77.1% during 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 acquiring an additional 1,688,432 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $198.66, for a total value of $19,866,000.00. Following the transaction, the executive vice president directly owned 3,243,516 shares of the company's stock, valued at $644,356,888.56. This trade represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the sale, the executive vice president directly owned 177,954 shares in the company, valued at $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 563,622 shares of company stock valued at $105,459,528 in the last ninety days. 2.50% of the stock is currently owned by company insiders.

Palo Alto Networks Stock Down 0.0%

Shares of PANW traded down $0.01 during mid-day trading on Monday, hitting $208.18. 5,465,346 shares of the company's stock were exchanged, compared to its average volume of 5,548,172. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The stock's 50-day simple moving average is $188.60 and its 200-day simple moving average is $186.59. The firm has a market cap of $139.25 billion, a price-to-earnings ratio of 129.71, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS 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 company had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm earned $0.75 earnings per share. The business'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. Analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

PANW has been the subject of several research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 15th. UBS Group set a $185.00 target price on shares of Palo Alto Networks and gave the company a "neutral" rating in a research report on Tuesday, August 12th. Wedbush reaffirmed an "outperform" rating and issued a $225.00 target price on shares of Palo Alto Networks in a research report on Monday, September 15th. Morgan Stanley raised their target price on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Finally, BMO Capital Markets raised their target price on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.39.

Palo Alto Networks Company 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.