Banque Transatlantique SA Increases Stock Position in Palo Alto Networks, Inc. $PANW

Banque Transatlantique SA lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 340,085 shares of the network technology company's stock after acquiring an additional 8,659 shares during the period. Palo Alto Networks makes up about 1.5% of Banque Transatlantique SA's holdings, making the stock its 14th largest holding. Banque Transatlantique SA's holdings in Palo Alto Networks were worth $62,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in PANW. Norges Bank purchased a new stake in shares of Palo Alto Networks during the 4th quarter valued at $1,415,364,000. Vanguard Group Inc. boosted its stake in shares of Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares during the period. Bank of America Corp DE grew its holdings in Palo Alto Networks by 11.9% in the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company's stock worth $3,568,964,000 after acquiring an additional 2,065,776 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Palo Alto Networks by 108.3% during the 3rd quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company's stock valued at $502,263,000 after purchasing an additional 1,282,738 shares during the period. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Palo Alto Networks during the fourth quarter valued at approximately $164,968,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $287.78 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $234.54 billion, a PE ratio of 235.89, a P/E/G ratio of 10.48 and a beta of 0.94. The company has a 50 day moving average price of $225.96 and a 200-day moving average price of $191.98. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the company earned $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PANW shares. Rosenblatt Securities boosted their price target on shares of Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Evercore reiterated an "outperform" rating and set a $375.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Argus lifted their price objective on Palo Alto Networks from $222.00 to $320.00 in a report on Friday, June 5th. Finally, Mizuho increased their price target on Palo Alto Networks from $265.00 to $305.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $306.59.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora acquired 68,085 shares of the company's stock in a transaction that occurred on Friday, March 27th. The stock was bought at an average price of $146.87 per share, with a total value of $9,999,643.95. Following the purchase, the chief executive officer owned 343,394 shares in the company, valued at approximately $50,434,276.78. The trade was a 24.73% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the sale, the executive vice president owned 150,250 shares of the company's stock, valued at $24,103,105. This trade represents a 3.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,044 shares of company stock worth $26,022,722 in the last three months. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Company Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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