Mirae Asset Global Investments Co. Ltd. Acquires New Position in Palo Alto Networks, Inc. $PANW

Key Points

• Mirae Asset Global Investments acquired 625,268 Palo Alto Networks shares worth approximately $248.4 million, giving it about a 0.08% stake. Institutional investors collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly revenue of $3.41 billion, up 34.5% year over year, and EPS of $1.02, exceeding analysts’ $0.98 estimate. The stock opened at $365.87, down 3.9%, with a market capitalization of roughly $299.6 billion.
• Analyst sentiment remains positive, with 39 Buy ratings and 11 Holds producing a “Moderate Buy” consensus and an average price target of $398.55. Company insiders, however, sold 54,210 shares worth about $20.8 million over the past 90 days.

Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 625,268 shares of the network technology company's stock, valued at approximately $248,425,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.08% of Palo Alto Networks at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Solstein Capital LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter worth $26,000. N.E.W. Advisory Services LLC purchased a new stake in Palo Alto Networks in the second quarter valued at approximately $27,000. Delos Wealth Advisors LLC acquired a new stake in shares of Palo Alto Networks in the second quarter worth $28,000. Principia Wealth Advisory LLC raised its stake in shares of Palo Alto Networks by 125.0% during the 2nd quarter. Principia Wealth Advisory LLC now owns 81 shares of the network technology company's stock valued at $28,000 after buying an additional 45 shares during the last quarter. Finally, Curry Webb Wealth Management LLC purchased a new position in Palo Alto Networks during the third quarter valued at approximately $36,000. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, CAO Josh Paul sold 900 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total transaction of $336,312.00. Following the completion of the sale, the chief accounting officer owned 72,484 shares in the company, valued at $27,085,821.12. This represents a 1.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Aparna Bawa sold 1,000 shares of Palo Alto Networks stock in a transaction on Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the transaction, the director owned 5,437 shares in the company, valued at approximately $2,031,317.57. This trade represents a 15.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 54,210 shares of company stock valued at $20,823,029. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Trading Down 3.9%

NASDAQ:PANW opened at $365.87 on Friday. The company has a market capitalization of $299.56 billion, a PE ratio of 717.41, a P/E/G ratio of 10.49 and a beta of 0.93. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $432.33. The stock's 50 day moving average price is $372.15 and its 200 day moving average price is $269.89. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.04. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The business had revenue of $3.41 billion for the quarter, compared to analysts' expectations of $3.35 billion. During the same period in the previous year, the company posted $0.95 EPS. The company's quarterly revenue was up 34.5% on a year-over-year basis. 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Morgan Stanley set a $410.00 price objective on Palo Alto Networks and gave the stock an "overweight" rating in a research report on Monday, September 21st. New Street Research set a $415.00 target price on Palo Alto Networks in a research report on Tuesday, August 18th. Phillip Securities lowered shares of Palo Alto Networks from a "moderate buy" rating to a "hold" rating and boosted their price target for the stock from $320.00 to $346.00 in a research note on Monday, September 7th. DA Davidson increased their target price on shares of Palo Alto Networks from $345.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Finally, BNP Paribas Exane raised their price target on shares of Palo Alto Networks from $380.00 to $400.00 and gave the company an "outperform" rating in a research report on Wednesday, September 2nd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target 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.

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