Boston Common Asset Management LLC Grows Position in Palo Alto Networks, Inc. $PANW

Key Points

• Boston Common Asset Management LLC increased its stake in Palo Alto Networks by 27.1%, owning 38,117 shares valued at approximately $7.8 million at the end of the last quarter.
• Palo Alto Networks reported a 15.8% year-over-year revenue growth for the last quarter, achieving $2.54 billion in revenue and an EPS of $0.95, surpassing analysts' expectations.
• Currently, about 79.82% of Palo Alto Networks' stock is held by institutional investors, with various funds significantly increasing their positions recently.

Boston Common Asset Management LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 27.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,117 shares of the network technology company's stock after purchasing an additional 8,127 shares during the period. Boston Common Asset Management LLC's holdings in Palo Alto Networks were worth $7,800,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of PANW. Brighton Jones LLC boosted its position in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC boosted its position in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after purchasing an additional 3,275 shares in the last quarter. Beacon Financial Group boosted its position in Palo Alto Networks by 4.5% in the 1st quarter. Beacon Financial Group now owns 1,782 shares of the network technology company's stock worth $304,000 after purchasing an additional 76 shares in the last quarter. Stablepoint Partners LLC boosted its position in Palo Alto Networks by 4.5% in the 1st quarter. Stablepoint Partners LLC now owns 8,530 shares of the network technology company's stock worth $1,456,000 after purchasing an additional 370 shares in the last quarter. Finally, Intellectus Partners LLC boosted its position in Palo Alto Networks by 4.0% in the 1st quarter. Intellectus Partners LLC now owns 5,226 shares of the network technology company's stock worth $892,000 after purchasing an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Down 1.0%

NASDAQ PANW opened at $207.19 on Friday. The stock has a market cap of $138.59 billion, a PE ratio of 129.09, a P/E/G ratio of 4.93 and a beta of 0.98. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $212.10. The stock has a fifty day simple moving average of $190.20 and a 200-day simple moving average of $188.21.

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, beating analysts' consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks's revenue for the quarter was up 15.8% on a year-over-year basis. During the same period last year, the business posted $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the completion of the transaction, the executive vice president directly owned 206,718 shares of the company's stock, valued at approximately $35,468,674.44. The trade was a 36.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,315,130 shares of company stock valued at $259,351,606. 2.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PANW shares. Needham & Company LLC reaffirmed a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a research note on Tuesday, July 29th. Guggenheim increased their price objective on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research note on Tuesday, August 19th. Cantor Fitzgerald reissued an "overweight" rating and issued a $223.00 price objective on shares of Palo Alto Networks in a research note on Friday, August 15th. Finally, JMP Securities reissued a "market outperform" rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $214.64.

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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