Flputnam Investment Management Co. Has $28.55 Million Stake in Palo Alto Networks, Inc. $PANW

Key Points

• Flputnam Investment Management Co. increased their stake in Palo Alto Networks by 2.4%, bringing their total holdings to approximately $28.55 million by the end of the recent quarter.
• Multiple institutional investors, including Connor Clark & Lunn and GAMMA Investing, have either bought new positions or increased their holdings in Palo Alto Networks recently, indicating strong institutional interest.
• Palo Alto Networks reported earnings of $0.95 per share, exceeding analysts' expectations; the company also achieved a 15.8% year-over-year revenue increase to $2.54 billion for the quarter.

Flputnam Investment Management Co. grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 167,318 shares of the network technology company's stock after acquiring an additional 3,988 shares during the period. Flputnam Investment Management Co.'s holdings in Palo Alto Networks were worth $28,551,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Palo Alto Networks in the 1st quarter valued at about $261,000. GAMMA Investing LLC grew its holdings in shares of Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after acquiring an additional 1,374 shares in the last quarter. Diligent Investors LLC grew its holdings in shares of Palo Alto Networks by 100.0% in the 4th quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company's stock valued at $624,000 after acquiring an additional 1,715 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Palo Alto Networks by 8.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock valued at $23,491,000 after acquiring an additional 10,180 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in shares of Palo Alto Networks in the 1st quarter valued at about $316,000. Institutional investors own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the transaction, the chief accounting officer directly owned 37,723 shares in the company, valued at $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lee Klarich sold 120,774 shares of the business'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 transaction, the executive vice president owned 206,718 shares of the company's stock, valued at approximately $35,468,674.44. This represents a 36.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 669,422 shares of company stock valued at $126,452,337 in the last three months. Corporate insiders own 2.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PANW shares. Stephens restated an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. BMO Capital Markets lifted their price target on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Royal Bank Of Canada reiterated an "outperform" rating and set a $232.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, Piper Sandler upgraded Palo Alto Networks from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and an average target price of $211.52.

Palo Alto Networks Stock Down 0.3%

Shares of NASDAQ:PANW opened at $190.52 on Friday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The stock has a market cap of $127.04 billion, a PE ratio of 118.70, a P/E/G ratio of 4.55 and a beta of 0.94. The business has a 50 day moving average of $189.39 and a 200-day moving average of $186.10.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm's quarterly revenue was up 15.8% on a year-over-year basis. 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 expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Company 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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