Eleva Capital SAS Makes New Investment in Palo Alto Networks, Inc. $PANW

Key Points

• Eleva Capital SAS initiated a Palo Alto Networks position in the third quarter, purchasing 2,665 shares valued at approximately $1.06 million. Institutional investors collectively own 79.82% of PANW.
• Analyst sentiment remains favorable, with a consensus rating of “Moderate Buy” from 50 analysts and an average price target of $391.32, although Scotiabank downgraded the stock to “hold.”
• PANW shares rose 2.9% to $418.65, while the company exceeded quarterly earnings and revenue expectations, reporting $1.02 in EPS and $3.41 billion in revenue, up 34.5% year over year.

Eleva Capital SAS acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,665 shares of the network technology company's stock, valued at approximately $1,059,000. Palo Alto Networks accounts for about 0.9% of Eleva Capital SAS's holdings, making the stock its 23rd biggest holding.

A number of other hedge funds have also bought and sold shares of PANW. Neville Rodie & Shaw Inc. raised its position in Palo Alto Networks by 0.7% in the 3rd quarter. Neville Rodie & Shaw Inc. now owns 16,615 shares of the network technology company's stock worth $6,602,000 after purchasing an additional 110 shares during the period. Heartwood Wealth Advisors LLC boosted its position in shares of Palo Alto Networks by 1.6% during the third quarter. Heartwood Wealth Advisors LLC now owns 6,039 shares of the network technology company's stock valued at $2,399,000 after buying an additional 95 shares during the period. Silverleafe Capital Partners LLC bought a new position in shares of Palo Alto Networks during the third quarter valued at approximately $572,000. Miller Global Investments LLC grew its stake in shares of Palo Alto Networks by 406.7% during the third quarter. Miller Global Investments LLC now owns 456 shares of the network technology company's stock valued at $181,000 after buying an additional 366 shares during the last quarter. Finally, First Citizens Financial Corp raised its holdings in shares of Palo Alto Networks by 8.7% in the third quarter. First Citizens Financial Corp now owns 688 shares of the network technology company's stock worth $273,000 after buying an additional 55 shares during the period. Institutional investors own 79.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Piper Sandler restated an "overweight" rating and set a $410.00 price objective (up from $345.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Royal Bank Of Canada boosted their target price on shares of Palo Alto Networks from $434.00 to $475.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Oppenheimer reaffirmed an "outperform" rating and issued a $450.00 price target (up from $400.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Scotiabank cut shares of Palo Alto Networks from a "sector outperform" rating to a "hold" rating in a research report on Wednesday, September 2nd. Finally, Jefferies Financial Group restated a "buy" rating and issued a $450.00 target price (up from $335.00) on shares of Palo Alto Networks in a research note on Friday, August 28th. Thirty-eight equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $391.32.

Palo Alto Networks Stock Up 2.9%

Shares of NASDAQ PANW traded up $11.89 during midday trading on Tuesday, reaching $418.65. 2,957,931 shares of the company's stock traded hands, compared to its average volume of 8,298,566. The company has a market cap of $342.46 billion, a price-to-earnings ratio of 821.27, a P/E/G ratio of 11.61 and a beta of 0.93. The stock's 50 day simple moving average is $363.84 and its 200-day simple moving average is $287.28. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks's revenue for the quarter was up 34.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.95 earnings per share. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. On average, analysts predict that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares of the company's stock, valued at $27,085,821.12. The trade was a 1.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aparna Bawa sold 1,000 shares of the business's stock in a transaction that occurred on Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the transaction, the director owned 5,437 shares of the company's stock, valued at approximately $2,031,317.57. This trade represents a 15.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,960 shares of company stock valued at $20,719,959 over the last three months. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.

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