OMC Financial Services LTD Purchases Shares of 23,680 Palo Alto Networks, Inc. $PANW

Key Points

• OMC Financial Services LTD acquired 23,680 Palo Alto Networks shares in the second quarter, valued at approximately $8.1 million and representing 2.7% of its portfolio. Institutional investors collectively own 79.82% of PANW.
• Wall Street remains broadly bullish, with a consensus “Moderate Buy” rating and a $339.61 price target; several analysts recently raised their targets as high as $425.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, and EPS of $0.85 versus the $0.79 consensus estimate. However, insiders sold more than 101,000 shares worth approximately $27.2 million over the past three months.

OMC Financial Services LTD acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,680 shares of the network technology company's stock, valued at approximately $8,075,000. Palo Alto Networks comprises 2.7% of OMC Financial Services LTD's portfolio, making the stock its 13th largest holding.

A number of other institutional investors also recently made changes to their positions in PANW. German American Bancorp Inc. acquired a new position in shares of Palo Alto Networks in the second quarter valued at approximately $256,000. Arrowroot Family Office LLC bought a new position in shares of Palo Alto Networks during the second quarter worth approximately $453,000. Barden Capital Management Inc. acquired a new stake in Palo Alto Networks during the 2nd quarter worth approximately $1,745,000. Nippon Life Global Investors Americas Inc. acquired a new stake in Palo Alto Networks during the 2nd quarter worth approximately $1,593,000. Finally, Flputnam Investment Management Co. bought a new stake in Palo Alto Networks in the 2nd quarter valued at $80,221,000. Institutional investors own 79.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PANW shares. DA Davidson upped their price objective on Palo Alto Networks from $190.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Needham & Company LLC boosted their target price on shares of Palo Alto Networks from $350.00 to $425.00 and gave the company a "buy" rating in a research report on Tuesday, July 7th. The Goldman Sachs Group restated a "buy" rating and issued a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Morgan Stanley reaffirmed an "overweight" rating and set a $387.00 price target (up from $320.00) on shares of Palo Alto Networks in a research report on Tuesday, July 21st. Finally, TD Cowen reiterated a "buy" rating on shares of Palo Alto Networks in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $339.61.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $384.27 on Monday. The business has a fifty day moving average price of $328.02 and a two-hundred day moving average price of $235.70. The stock has a market capitalization of $313.18 billion, a PE ratio of 314.98, a P/E/G ratio of 12.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm posted $0.37 EPS. Palo Alto Networks's quarterly revenue was up 31.1% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the sale, the director directly owned 5,898 shares in the company, valued at $2,045,721.30. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares in the company, valued at $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 over the last three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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