Mirabaud & Cie SA Purchases 8,940 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Mirabaud & Cie SA increased its stake in Palo Alto Networks by 130.1%, acquiring 8,940 additional shares, bringing its total ownership to 15,810 shares, which are now valued at approximately $3.24 million.
• Palo Alto Networks revealed a 15.8% year-over-year revenue growth in its latest earnings report, with earnings per share of $0.95, surpassing expectations of $0.89.
• A significant majority of 79.82% of Palo Alto Networks' stock is held by institutional investors, indicating strong confidence in the company's future prospects.

Mirabaud & Cie SA lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 130.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,810 shares of the network technology company's stock after purchasing an additional 8,940 shares during the quarter. Palo Alto Networks accounts for 1.0% of Mirabaud & Cie SA's portfolio, making the stock its 23rd largest position. Mirabaud & Cie SA's holdings in Palo Alto Networks were worth $3,235,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PANW. Capital A Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the 4th quarter valued at about $29,000. HWG Holdings LP acquired a new position in shares of Palo Alto Networks during the 1st quarter worth about $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks during the 1st quarter worth about $33,000. SWAN Capital LLC increased 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 worth $36,000 after purchasing an additional 100 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in Palo Alto Networks in the 1st quarter valued at about $37,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $196.29 on Monday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The firm has a 50 day moving average price of $188.03 and a two-hundred day moving average price of $185.90. The stock has a market cap of $131.30 billion, a P/E ratio of 122.30, a price-to-earnings-growth ratio of 4.68 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly 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. 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the company posted $0.75 EPS. The company's revenue was up 15.8% on a year-over-year basis. 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 predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on PANW. Rosenblatt Securities decreased their price target on shares of Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a research note on Thursday, August 14th. Piper Sandler raised shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Barclays reaffirmed an "overweight" rating and set a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Finally, Morgan Stanley upped their price target on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and an average target price of $211.68.

Insider Activity

In other news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Wednesday, September 3rd. The shares were 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 directly owned 177,954 shares in the company, valued at $34,008,788.94. This represents a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the 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 sale, the chief accounting officer owned 37,723 shares of the company's stock, valued at approximately $6,948,576.60. This trade represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 569,422 shares of company stock valued at $106,629,618. 2.50% of the stock is owned by corporate 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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