E. Ohman J or Asset Management AB Has $51.49 Million Stake in Palo Alto Networks, Inc. $PANW

E. Ohman J or Asset Management AB trimmed its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 251,618 shares of the network technology company's stock after selling 4,893 shares during the period. Palo Alto Networks accounts for approximately 1.3% of E. Ohman J or Asset Management AB's investment portfolio, making the stock its 14th biggest position. E. Ohman J or Asset Management AB's holdings in Palo Alto Networks were worth $51,491,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $29,000. HWG Holdings LP acquired a new position in Palo Alto Networks during the first quarter worth $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the first quarter worth $33,000. SWAN Capital LLC increased its holdings in shares of Palo Alto Networks by 100.0% in the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Palo Alto Networks in the first quarter valued at $37,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares of the company's stock, valued at $34,008,788.94. This represents a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the sale, the executive vice president directly owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 569,422 shares of company stock worth $106,629,618. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $196.29 on Monday. The firm has a 50-day moving average of $188.03 and a 200-day moving average of $185.90. The stock has a market cap of $131.30 billion, a PE ratio of 122.30, a PEG ratio of 4.68 and a beta of 0.98. 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 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 company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $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. Equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PANW. BMO Capital Markets upped their price objective on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a report on Tuesday, August 19th. Wells Fargo & Company upped their price objective on shares of Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. JMP Securities reiterated a "market outperform" rating and issued a $212.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Morgan Stanley upped their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Finally, Bank of America upgraded shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average target price of $211.68.

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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