1,528 Shares in Palo Alto Networks, Inc. $PANW Bought by Connor Clark & Lunn Investment Management Ltd.

Key Points

• Connor Clark & Lunn Investment Management Ltd. has acquired 1,528 shares of Palo Alto Networks, valued at approximately $261,000, as part of their new position in the company.
• Several analysts have revised their price targets for Palo Alto Networks, with Scotiabank setting a new target of $228.00 and Barclays increasing theirs to $215.00.
• Palo Alto Networks stock recently fell by 0.6% to $183.32, with a market capitalization of $122.24 billion and a price-to-earnings ratio of 114.22.

Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,528 shares of the network technology company's stock, valued at approximately $261,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Csenge Advisory Group raised its position in shares of 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 valued at $381,000 after purchasing an additional 53 shares during the period. SYM FINANCIAL Corp grew its stake in Palo Alto Networks by 1.4% in the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock worth $691,000 after buying an additional 55 shares in the last quarter. Crew Capital Management Ltd. boosted its stake in shares of 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 valued at $394,000 after purchasing an additional 57 shares in the last quarter. JDM Financial Group LLC boosted its stake in shares of Palo Alto Networks by 22.4% in the 4th quarter. JDM Financial Group LLC now owns 322 shares of the network technology company's stock valued at $59,000 after purchasing an additional 59 shares in the last quarter. Finally, Sage Mountain Advisors LLC raised its holdings in Palo Alto Networks by 1.5% during the 1st quarter. Sage Mountain Advisors LLC now owns 3,931 shares of the network technology company's stock valued at $671,000 after buying an additional 60 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Analysts Set New Price Targets

PANW has been the subject of several research reports. Barclays restated an "overweight" rating and issued a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday. Scotiabank upped their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a "sector outperform" rating in a report on Tuesday. Cantor Fitzgerald reiterated an "overweight" rating and issued a $223.00 price target on shares of Palo Alto Networks in a research note on Friday, August 15th. Wedbush reiterated an "outperform" rating and issued a $225.00 price target on shares of Palo Alto Networks in a research note on Tuesday. Finally, Rosenblatt Securities decreased their price target on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating for the company in a research note on Thursday, August 14th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $211.52.

Palo Alto Networks Stock Down 0.6%

Shares of NASDAQ PANW traded down $1.11 during trading on Thursday, reaching $183.32. 8,173,137 shares of the company traded hands, compared to its average volume of 13,798,669. The firm has a 50 day simple moving average of $191.11 and a 200-day simple moving average of $186.31. The stock has a market capitalization of $122.24 billion, a PE ratio of 114.22, a P/E/G ratio of 4.50 and a beta of 0.94. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, 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 sale, the executive vice president owned 206,718 shares in the company, valued at approximately $35,468,674.44. This trade represents a 36.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the sale, the executive vice president owned 101,135 shares in the company, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 669,248 shares of company stock worth $126,423,337 in the last 90 days. Insiders own 2.50% of the company's stock.

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.