Palo Alto Networks, Inc. $PANW Shares Bought by Mirova

Key Points

• Mirova has increased its holdings in Palo Alto Networks, Inc. by 6.8% in the first quarter, owning 22,474 shares worth approximately $3.84 million.
• A significant number of hedge funds have recently adjusted their stakes in Palo Alto Networks, with institutional investors owning 79.82% of the company's stock.
• Analysts are generally optimistic about the stock, with a consensus rating of "Moderate Buy" and an average price target of $211.52.

Mirova raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 6.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,474 shares of the network technology company's stock after acquiring an additional 1,440 shares during the quarter. Mirova's holdings in Palo Alto Networks were worth $3,835,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of PANW. Csenge Advisory Group raised its position in Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock valued at $381,000 after purchasing an additional 53 shares in the last quarter. GSG Advisors LLC raised its position in shares of Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after acquiring an additional 54 shares in the last quarter. SYM FINANCIAL Corp raised its position in shares of Palo Alto Networks by 1.4% in the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock worth $691,000 after acquiring an additional 55 shares in the last quarter. Crew Capital Management Ltd. raised its position in shares of Palo Alto Networks by 2.5% in the 1st quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock worth $394,000 after acquiring an additional 57 shares in the last quarter. Finally, TFB Advisors LLC raised its position in shares of Palo Alto Networks by 1.9% in the 1st quarter. TFB Advisors LLC now owns 3,084 shares of the network technology company's stock worth $526,000 after acquiring an additional 58 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

PANW has been the subject of several recent research reports. Royal Bank Of Canada reissued an "outperform" rating and issued a $232.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. DA Davidson reissued a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. TD Securities reaffirmed a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Barclays reaffirmed an "overweight" rating and set a $215.00 target price (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Wells Fargo & Company lifted their target price on shares of Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Twenty-eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and an average price target of $211.52.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the sale, the chief accounting officer 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $171.58, for a total value of $20,722,402.92. Following the completion of the sale, the executive vice president owned 206,718 shares in the company, valued at $35,468,674.44. The trade was a 36.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 669,948 shares of company stock worth $126,552,277 over the last ninety days. 2.50% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

Palo Alto Networks stock traded down $1.33 during trading hours on Monday, hitting $184.55. 5,790,157 shares of the stock traded hands, compared to its average volume of 14,233,472. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The stock has a market capitalization of $123.06 billion, a price-to-earnings ratio of 114.98, a P/E/G ratio of 4.53 and a beta of 0.94. The firm's 50 day moving average price is $190.34 and its 200-day moving average price is $186.25.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company's revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

About Palo Alto Networks

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.