Palo Alto Networks, Inc. $PANW Holdings Increased by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• Cushing Asset Management increased its Palo Alto Networks stake by 6.7% in the third quarter, adding 5,000 shares to reach 80,000 shares valued at approximately $31.8 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $1.02, exceeding the $0.98 consensus estimate, while revenue of $3.41 billion rose 34.5% year over year and topped expectations.
• Analysts maintain a generally positive view, with 39 Buy ratings and 11 Holds, producing a “Moderate Buy” consensus and an average price target of $398.55. PANW shares recently opened at $390.46, near the consensus target.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 6.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 80,000 shares of the network technology company's stock after acquiring an additional 5,000 shares during the period. Palo Alto Networks comprises 1.5% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings, making the stock its 20th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in Palo Alto Networks were worth $31,785,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PANW. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in shares of Palo Alto Networks during the third quarter worth $397,000. CPR Investments Inc. lifted its holdings in Palo Alto Networks by 14.9% in the third quarter. CPR Investments Inc. now owns 904 shares of the network technology company's stock valued at $359,000 after buying an additional 117 shares during the period. Leo Wealth LLC acquired a new position in Palo Alto Networks in the third quarter valued at $874,000. Purewater Capital LLC bought a new stake in Palo Alto Networks during the third quarter valued at $214,000. Finally, Kingswood Wealth Advisors LLC boosted its position in Palo Alto Networks by 9.3% during the third quarter. Kingswood Wealth Advisors LLC now owns 10,086 shares of the network technology company's stock valued at $4,007,000 after acquiring an additional 862 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $390.46 on Tuesday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $432.33. The firm has a market capitalization of $319.40 billion, a PE ratio of 184.73, a price-to-earnings-growth ratio of 10.95 and a beta of 0.93. The firm has a fifty day simple moving average of $370.35 and a two-hundred day simple moving average of $264.97.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.04. The business had revenue of $3.41 billion during the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The company's quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 EPS. 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada increased their price target on Palo Alto Networks from $434.00 to $475.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Loop Capital boosted their price objective on Palo Alto Networks from $290.00 to $350.00 and gave the company a "hold" rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. HSBC decreased their target price on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a report on Wednesday, September 2nd. Thirty-nine equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $398.55.

Insider Activity

In other news, Director James Goetz sold 20,000 shares of the company's stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total value of $7,533,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John P. Key sold 2,500 shares of the stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $376.03, for a total transaction of $940,075.00. Following the completion of the sale, the director owned 10,000 shares of the company's stock, valued at approximately $3,760,300. This represents a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 54,210 shares of company stock worth $20,823,029. Company insiders own 1.40% of the company's stock.

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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