Meiji Yasuda Asset Management Co Ltd. Buys 4,215 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Meiji Yasuda Asset Management Co Ltd. increased its stake in Palo Alto Networks, Inc. by 10.1% in Q1, acquiring an additional 4,215 shares to bring its total holdings to 45,947 shares worth approximately $7.84 million.
• Palo Alto Networks reported earnings per share of $0.95 for the last quarter, exceeding the consensus estimate, and had a revenue of $2.54 billion, reflecting a year-over-year growth of 15.8%.
• Analysts maintain a positive outlook on Palo Alto Networks, with an average target price of $211.68, and the stock is currently rated as a "Moderate Buy" according to MarketBeat.

Meiji Yasuda Asset Management Co Ltd. increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,947 shares of the network technology company's stock after buying an additional 4,215 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.'s holdings in Palo Alto Networks were worth $7,840,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC purchased a new position in Palo Alto Networks in the fourth quarter worth $29,000. HWG Holdings LP bought a new stake in shares of Palo Alto Networks during the 1st quarter valued at $31,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks during the 1st quarter valued at $33,000. SWAN Capital LLC raised its stake in shares of Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, WPG Advisers LLC purchased a new stake in shares of Palo Alto Networks in the 1st quarter valued at about $37,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Price Performance

Shares of PANW opened at $194.46 on Monday. The firm has a market capitalization of $130.07 billion, a P/E ratio of 121.16, a PEG ratio of 4.64 and a beta of 0.98. The business has a fifty day moving average of $188.33 and a 200 day moving average of $185.62. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39.

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 for the quarter, beating the consensus estimate of $0.89 by $0.06. The company 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%.Palo Alto Networks's quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

PANW has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. Wedbush restated an "outperform" rating and set a $225.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Stephens reiterated an "equal weight" rating and issued a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Truist Financial set a $220.00 target price on Palo Alto Networks and gave the company a "buy" rating in a research note on Tuesday, August 19th. Twenty-eight 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, the stock currently has an average rating of "Moderate Buy" and an average target price of $211.68.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the transaction, the executive vice president directly owned 101,135 shares in the company, valued at $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 800 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $201.05, for a total value of $160,840.00. Following the completion of the sale, the chief accounting officer owned 42,033 shares in the company, valued at $8,450,734.65. This represents a 1.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 569,422 shares of company stock valued at $106,629,618 over the last three months. 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.

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