Fulcrum Asset Management LLP Acquires 6,519 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Fulcrum Asset Management increased its Palo Alto Networks stake by 106.3% in the third quarter, adding 6,519 shares to reach 12,652 shares valued at about $4.9 million.
• Institutional investors own 79.82% of the company’s stock. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $398.55.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and EPS of $1.02, topping estimates of $0.98.

Fulcrum Asset Management LLP boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 106.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,652 shares of the network technology company's stock after purchasing an additional 6,519 shares during the period. Fulcrum Asset Management LLP's holdings in Palo Alto Networks were worth $4,914,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of PANW. Burton Enright Welch acquired a new stake in shares of Palo Alto Networks in the third quarter valued at approximately $235,000. University of Texas Texas AM Investment Management Co. raised its position in Palo Alto Networks by 37.0% in the 3rd quarter. University of Texas Texas AM Investment Management Co. now owns 1,243 shares of the network technology company's stock worth $494,000 after purchasing an additional 336 shares during the last quarter. Family Capital Management Inc. bought a new position in Palo Alto Networks in the 3rd quarter worth approximately $220,000. Almanack Investment Partners LLC. lifted its stake in shares of Palo Alto Networks by 2.6% during the third quarter. Almanack Investment Partners LLC. now owns 2,667 shares of the network technology company's stock valued at $1,060,000 after acquiring an additional 68 shares during the period. Finally, Means Investment CO. Inc. boosted its stake in shares of Palo Alto Networks by 1.1% in the 3rd quarter. Means Investment CO. Inc. now owns 3,956 shares of the network technology company's stock valued at $1,572,000 after purchasing an additional 43 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In related news, Director Aparna Bawa sold 250 shares of the firm's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the transaction, the director directly owned 4,427 shares of the company's stock, valued at approximately $1,825,163.56. This trade represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John Key sold 2,500 shares of the firm's stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $376.03, for a total transaction of $940,075.00. Following the transaction, the director directly owned 10,000 shares in the company, valued at approximately $3,760,300. This represents a 20.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,210 shares of company stock valued at $20,823,029. 0.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on PANW shares. Wedbush started coverage on Palo Alto Networks in a research report on Friday, September 11th. They issued an "outperform" rating and a $400.00 price objective for the company. Rosenblatt Securities upped their price target on Palo Alto Networks from $355.00 to $415.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. UBS Group reaffirmed a "neutral" rating and set a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a research note on Wednesday, August 19th. Scotiabank downgraded shares of Palo Alto Networks from a "sector outperform" rating to a "hold" rating in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Palo Alto Networks from $326.00 to $384.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 25th. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus price target of $398.55.

Palo Alto Networks Stock Up 5.4%

PANW opened at $330.89 on Tuesday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $432.33. The stock's fifty day simple moving average is $369.48 and its 200 day simple moving average is $274.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. The stock has a market cap of $270.92 billion, a PE ratio of 648.82, a price-to-earnings-growth ratio of 9.98 and a beta of 0.96.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter in the previous year, the firm posted $0.95 EPS. Palo Alto Networks's revenue was up 34.5% compared to the same quarter last year. 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. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides products and services to help organizations protect their networks, cloud environments, devices and applications. Its offerings include next-generation firewalls, cloud security tools, secure access services and platforms for detecting and responding to cyber threats.

The company's product portfolio includes Prisma for cloud and network security and Cortex for security operations, including threat detection and response. It also provides cybersecurity consulting and incident-response services through Unit 42.

Founded in 2005 and headquartered in Santa Clara, California, Palo Alto Networks serves businesses, government agencies and other organizations around the world.

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