Lbp Am Sa Grows Stake in Palo Alto Networks, Inc. $PANW

Key Points

• Lbp Am Sa increased its stake in Palo Alto Networks by 22.2% during the 2nd quarter, owning 259,753 shares valued at approximately $53,156,000.
• Palo Alto Networks reported an earnings per share (EPS) of $0.95 for the last quarter, exceeding analysts' expectations, with revenue reaching $2.54 billion, a 15.8% increase year-over-year.
• Analysts maintain a consensus rating of "Moderate Buy" for Palo Alto Networks, with an average price target of $214.64, driven by 30 "Buy" ratings from various brokerages.

Lbp Am Sa boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 22.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 259,753 shares of the network technology company's stock after purchasing an additional 47,172 shares during the quarter. Palo Alto Networks comprises about 0.7% of Lbp Am Sa's portfolio, making the stock its 29th biggest position. Lbp Am Sa's holdings in Palo Alto Networks were worth $53,156,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PANW. HWG Holdings LP purchased a new position in Palo Alto Networks during the 1st quarter worth $31,000. Dagco Inc. purchased a new position in shares of Palo Alto Networks in the 1st quarter valued at $33,000. WPG Advisers LLC purchased a new position in shares of Palo Alto Networks in the 1st quarter valued at $37,000. Strategic Investment Solutions Inc. IL increased its holdings in shares of Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after acquiring an additional 83 shares during the period. Finally, Stonebridge Financial Group LLC increased its holdings in shares of Palo Alto Networks by 46.8% in the 1st quarter. Stonebridge Financial Group LLC now owns 232 shares of the network technology company's stock valued at $40,000 after acquiring an additional 74 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $203.62 on Wednesday. The stock's fifty day moving average price is $189.80 and its 200 day moving average price is $187.74. 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 cap of $136.20 billion, a price-to-earnings ratio of 126.87, a price-to-earnings-growth ratio of 4.86 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on PANW. Tigress Financial began coverage on Palo Alto Networks in a report on Friday, September 26th. They issued a "buy" rating and a $245.00 price target on the stock. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Guggenheim increased their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research report on Tuesday, August 19th. Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Finally, BMO Capital Markets increased their target price on shares of Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $214.64.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares of the company's stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $184.20, for a total value 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. This represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,314,430 shares of company stock valued at $259,210,094. Insiders own 2.50% of the company's stock.

Palo Alto Networks 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.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.