International Assets Investment Management LLC Acquires 125,142 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• International Assets Investment Management LLC increased its Palo Alto Networks stake by 503.4% in the third quarter, acquiring 125,142 additional shares for a total holding of 150,000 shares valued at approximately $59.6 million.
• Institutional investors own 79.82% of PANW, while insiders have sold 54,210 shares worth $20.8 million over the past 90 days.
• Palo Alto Networks recently exceeded quarterly earnings and revenue expectations, with revenue up 34.5% year over year. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $398.55, compared with shares opening at $365.87.

International Assets Investment Management LLC grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 503.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 150,000 shares of the network technology company's stock after acquiring an additional 125,142 shares during the quarter. International Assets Investment Management LLC's holdings in Palo Alto Networks were worth $59,596,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in Palo Alto Networks during the 2nd quarter worth approximately $25,833,462,000. State Street Corp increased its stake in Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company's stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company's stock worth $7,734,973,000 after buying an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Palo Alto Networks by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company's stock worth $2,993,802,000 after buying an additional 706,003 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Palo Alto Networks during the second quarter worth $1,968,304,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Palo Alto Networks

In other news, Director Aparna Bawa sold 250 shares of the company's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $412.28, for a total transaction of $103,070.00. Following the completion of the sale, the director owned 4,427 shares of the company's stock, valued at $1,825,163.56. This represents a 5.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Josh Paul sold 400 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $395.70, for a total transaction of $158,280.00. Following the completion of the sale, the chief accounting officer owned 77,987 shares of the company's stock, valued at $30,859,455.90. This trade represents a 0.51% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,210 shares of company stock worth $20,823,029 over the last 90 days. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Trading Down 3.9%

Shares of NASDAQ:PANW opened at $365.87 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The business has a 50 day moving average of $372.15 and a two-hundred day moving average of $269.89. The company has a market capitalization of $299.56 billion, a PE ratio of 717.41, a PEG ratio of 10.92 and a beta of 0.93.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.98 by $0.04. The business 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%. The company's revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior 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. As a group, analysts forecast that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on PANW shares. Phillip Securities downgraded Palo Alto Networks from a "moderate buy" rating to a "hold" rating and upped their target price for the company from $320.00 to $346.00 in a research report on Monday, September 7th. Capital One Financial raised their target price on Palo Alto Networks from $421.00 to $428.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada lifted their price target on Palo Alto Networks from $434.00 to $475.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Rosenblatt Securities increased their price objective on Palo Alto Networks from $355.00 to $415.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Finally, Northland Securities set a $360.00 price objective on Palo Alto Networks and gave the stock a "market perform" rating in a research note on Wednesday, September 2nd. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $398.55.

Palo Alto Networks Profile

Palo Alto Networks, Inc NASDAQ: PANW is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company's portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.