Norinchukin Bank The Boosts Stake in Palo Alto Networks, Inc. $PANW

Key Points

• Norinchukin Bank The has increased its stake in Palo Alto Networks by 44.8%, acquiring 16,759 additional shares, bringing its total holdings to 54,185 shares worth approximately $9.25 million.
• Research analysts are optimistic about Palo Alto Networks' future growth, with multiple firms setting price targets ranging from $212.00 to $230.00 and 28 analysts rating the stock as a Buy.
• Palo Alto Networks reported a strong quarterly performance, with earnings per share of $0.95, surpassing estimates, and a revenue growth of 15.8% year-over-year.

Norinchukin Bank The increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 44.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 54,185 shares of the network technology company's stock after acquiring an additional 16,759 shares during the period. Norinchukin Bank The's holdings in Palo Alto Networks were worth $9,246,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of PANW. Transce3nd LLC bought a new stake in shares of Palo Alto Networks during the fourth quarter worth $25,000. Capital A Wealth Management LLC purchased a new position in Palo Alto Networks in the 4th quarter worth about $29,000. HWG Holdings LP bought a new stake in Palo Alto Networks during the 1st quarter valued at about $31,000. Dagco Inc. bought a new stake in Palo Alto Networks during the 1st quarter valued at about $33,000. Finally, SWAN Capital LLC boosted its position in Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PANW shares. JMP Securities reissued a "market outperform" rating and issued a $212.00 price objective on shares of Palo Alto Networks in a research note on Tuesday. TD Securities reissued a "buy" rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, May 21st. JPMorgan Chase & Co. cut their price target on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a research note on Wednesday, May 21st. Westpark Capital reaffirmed a "hold" rating on shares of Palo Alto Networks in a research note on Tuesday. Finally, Truist Financial set a $220.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $211.52.

Palo Alto Networks Stock Performance

PANW stock opened at $184.43 on Thursday. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39. The firm has a market cap of $122.98 billion, a price-to-earnings ratio of 114.91, a PEG ratio of 4.46 and a beta of 0.94. The firm has a 50-day simple moving average of $191.11 and a two-hundred day simple moving average of $186.31.

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 (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The firm 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%.The firm's revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 EPS. 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, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other news, Director Aparna Bawa sold 526 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $190.00, for a total transaction of $99,940.00. Following the sale, the director directly owned 8,632 shares in the company, valued at $1,640,080. This trade represents a 5.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 800 shares of the business's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $201.05, for a total transaction of $160,840.00. Following the completion of the sale, the chief accounting officer directly owned 42,033 shares of the company's stock, valued at approximately $8,450,734.65. The trade was a 1.87% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 669,248 shares of company stock valued at $126,423,337 over the last ninety days. Corporate insiders own 2.50% of the company's stock.

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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