Bank Pictet & Cie Europe AG Increases Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Bank Pictet & Cie Europe AG has increased its holdings in Palo Alto Networks, Inc. by 7.3% during the 2nd quarter, bringing its total to 71,398 shares valued at approximately $14.6 million.
• Wall Street analysts have a positive outlook on Palo Alto Networks, with a consensus price target of $212.39 and 29 analysts rating the stock as a Buy.
• Insiders at the company have sold a significant amount of stock recently, with total insider sales exceeding $279 million over the last quarter.

Bank Pictet & Cie Europe AG grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 7.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,398 shares of the network technology company's stock after buying an additional 4,876 shares during the quarter. Bank Pictet & Cie Europe AG's holdings in Palo Alto Networks were worth $14,611,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. St. Clair Advisors LLC grew its stake in shares of Palo Alto Networks by 0.3% during the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company's stock valued at $3,233,000 after purchasing an additional 50 shares during the period. Csenge Advisory Group increased its position in Palo Alto Networks by 2.4% in the first quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock worth $381,000 after buying an additional 53 shares in the last quarter. GSG Advisors LLC raised its stake in shares of Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after buying an additional 54 shares during the period. SYM FINANCIAL Corp lifted its position in shares of Palo Alto Networks by 1.4% during the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock valued at $691,000 after buying an additional 55 shares in the last quarter. Finally, Crew Capital Management Ltd. increased its holdings in Palo Alto Networks by 2.5% in the 1st quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock worth $394,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PANW. Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Piper Sandler raised Palo Alto Networks from a "neutral" rating to an "overweight" rating and raised their price target for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. UBS Group set a $185.00 price objective on Palo Alto Networks and gave the stock a "neutral" rating in a research note on Tuesday, August 12th. Morgan Stanley increased their target price on Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Finally, Bank of America raised Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target on the stock in a report on Tuesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.39.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares in the company, valued at $6,948,576.60. This represents a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the completion of the transaction, the executive vice president owned 96,135 shares in the company, valued at $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,415,030 shares of company stock valued at $279,198,494 over the last quarter. 2.50% of the stock is owned by insiders.

Palo Alto Networks Trading Up 0.8%

Palo Alto Networks stock opened at $202.21 on Friday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The firm has a 50-day moving average price of $189.45 and a 200-day moving average price of $187.18. The firm has a market capitalization of $135.26 billion, a PE ratio of 125.99, a price-to-earnings-growth ratio of 4.78 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company's revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. 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 predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

About Palo Alto Networks

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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