Norden Group LLC Purchases 1,459 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Norden Group LLC increased its holdings in Palo Alto Networks by 21.6%, purchasing an additional 1,459 shares, bringing its total to 8,208 shares worth approximately $1.68 million.
• The company's stock has received multiple ratings from analysts, with a consensus rating of "Moderate Buy" and a price target average of $212.39.
• Insider sales included significant transactions by EVP Lee Klarich and CEO Nikesh Arora, who sold large numbers of their shares, indicating a noteworthy 40.43% and 75.48% decrease in their ownership, respectively.

Norden Group LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 21.6% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,208 shares of the network technology company's stock after purchasing an additional 1,459 shares during the quarter. Norden Group LLC's holdings in Palo Alto Networks were worth $1,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Palo Alto Networks during the 1st quarter worth $261,000. Strive Asset Management LLC grew its holdings in shares of Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after purchasing an additional 299 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock worth $2,410,000 after purchasing an additional 1,374 shares in the last quarter. Czech National Bank grew its holdings in shares of Palo Alto Networks by 6.4% during the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock worth $33,119,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of Palo Alto Networks by 8.0% during the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock worth $23,491,000 after purchasing an additional 10,180 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Needham & Company LLC reissued a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. KeyCorp downgraded Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Sanford C. Bernstein set a $207.00 price objective on Palo Alto Networks and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Cantor Fitzgerald restated an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 15th. Finally, Royal Bank Of Canada restated an "outperform" rating and set a $232.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Palo Alto Networks has a consensus rating of "Moderate Buy" and a consensus price target of $212.39.

Palo Alto Networks Trading Down 1.3%

Palo Alto Networks stock opened at $200.70 on Thursday. The company has a market capitalization of $134.25 billion, a PE ratio of 125.05, a P/E/G ratio of 4.84 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The stock has a 50-day moving average price of $189.33 and a two-hundred day moving average price of $186.99.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion during 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 business's quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company 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. As a group, analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the completion of the transaction, the executive vice president directly owned 177,954 shares in the company, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer owned 275,013 shares of the company's stock, valued at $56,119,152.78. This represents a 75.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,415,030 shares of company stock valued at $279,198,494. 2.50% of the stock is currently owned by corporate insiders.

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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