Intech Investment Management LLC Purchases 20,533 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Intech Investment Management LLC has increased its holdings in Palo Alto Networks by 16.6%, acquiring an additional 20,533 shares during the first quarter, bringing its total ownership to 144,449 shares valued at approximately $24.65 million.
• Palo Alto Networks reported earnings per share of $0.95 for the latest quarter, exceeding analysts' expectations of $0.89, and showed a 15.8% year-over-year revenue growth.
• The stock has received positive attention from analysts, with a consensus rating of "Moderate Buy" and an average price target of $211.68, indicating expected growth in the stock's value.

Intech Investment Management LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 16.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 144,449 shares of the network technology company's stock after purchasing an additional 20,533 shares during the quarter. Intech Investment Management LLC's holdings in Palo Alto Networks were worth $24,649,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Focus Partners Wealth grew its stake in Palo Alto Networks by 14.7% in the 1st quarter. Focus Partners Wealth now owns 484,110 shares of the network technology company's stock worth $82,609,000 after buying an additional 62,120 shares in the last quarter. Strive Asset Management LLC grew its position in Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after acquiring an additional 299 shares during the last quarter. Integrity Alliance LLC. purchased a new position in shares of Palo Alto Networks in the first quarter valued at about $1,165,000. Ransom Advisory Ltd bought a new position in Palo Alto Networks during the 1st quarter valued at approximately $793,000. Finally, Anchor Investment Management LLC increased its position in Palo Alto Networks by 64.1% during the 1st quarter. Anchor Investment Management LLC now owns 256 shares of the network technology company's stock valued at $44,000 after purchasing an additional 100 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $197.55 on Wednesday. The company has a 50 day simple moving average of $188.19 and a 200-day simple moving average of $185.75. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The company has a market capitalization of $132.14 billion, a P/E ratio of 123.08, a P/E/G ratio of 4.71 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the company earned $0.75 earnings per share. The firm's revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of recent research reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research note on Friday, August 15th. BMO Capital Markets raised their price objective on Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Bank of America raised 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 research report on Tuesday, August 19th. Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a "buy" rating in a report on Tuesday, August 19th. Finally, JPMorgan Chase & Co. cut their price target on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Twenty-eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $211.68.

Insider Transactions at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction dated Wednesday, September 3rd. The stock was 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 in the company, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the transaction, the chief accounting officer directly owned 37,723 shares in the company, valued at approximately $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 569,422 shares of company stock worth $106,629,618 over the last ninety days. 2.50% of the stock is currently owned by company insiders.

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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