Daiichi Life Insurance Co. Ltd. Acquires Shares of 45,289 Palo Alto Networks, Inc. $PANW

Daiichi Life Insurance Co. Ltd. acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,289 shares of the network technology company's stock, valued at approximately $15,444,000.

Other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock worth $65,796,000 after acquiring an additional 53,485 shares in the last quarter. Aviva PLC lifted its position in Palo Alto Networks by 5.4% in the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock valued at $104,774,000 after acquiring an additional 29,230 shares in the last quarter. B&D White Capital Company LLC bought a new position in Palo Alto Networks in the 1st quarter valued at about $353,000. Bridgewater Advisors Inc. acquired a new position in Palo Alto Networks during the 2nd quarter valued at about $2,159,000. Finally, Granite Islands Private Wealth LLC boosted its stake in Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after purchasing an additional 4,659 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler reissued an "overweight" rating and issued a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Capital One Financial set a $421.00 target price on Palo Alto Networks and gave the company an "overweight" rating in a research report on Thursday, July 16th. Morgan Stanley set a $400.00 price target on Palo Alto Networks in a report on Monday, August 17th. Berenberg Bank increased their price target on Palo Alto Networks from $290.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Finally, Wedbush raised their price objective on Palo Alto Networks from $300.00 to $340.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $362.67.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $358.04 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company's 50 day moving average price is $337.38 and its two-hundred day moving average price is $241.72. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $291.80 billion, a P/E ratio of 293.48, a P/E/G ratio of 12.02 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for 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 revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. 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. On average, equities analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 290 shares of the business's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the transaction, the director owned 6,437 shares of the company's stock, valued at approximately $2,244,839.38. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Helle Thorning-Schmidt sold 700 shares of the company's stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director owned 5,898 shares of the company's stock, valued at $2,045,721.30. This trade represents a 10.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 37,935 shares of company stock valued at $10,809,461 in the last ninety days. 1.40% of the stock is owned by corporate insiders.

About Palo Alto Networks

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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