Palo Alto Networks, Inc. $PANW Shares Bought by Lansforsakringar Fondforvaltning AB publ

Key Points

• Lansforsakringar Fondforvaltning AB increased its position in Palo Alto Networks by 37.1%, owning 299,157 shares valued at approximately $51 million.
• Institutional investors collectively own 79.82% of Palo Alto Networks' stock, with notable investments from firms like Nuveen LLC and Goldman Sachs Group Inc..
• The company's recent quarterly earnings showed a 15.8% increase in revenue year-over-year, with earnings per share coming in at $0.95, exceeding analysts' expectations.

Lansforsakringar Fondforvaltning AB publ boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 37.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 299,157 shares of the network technology company's stock after acquiring an additional 80,891 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Palo Alto Networks were worth $51,048,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new stake in shares of Palo Alto Networks during the 1st quarter worth approximately $810,047,000. Nuveen Asset Management LLC lifted its position in shares of Palo Alto Networks by 98.0% during the 4th quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company's stock worth $1,120,615,000 after buying an additional 3,047,625 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Palo Alto Networks by 92.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,951,283 shares of the network technology company's stock worth $1,082,895,000 after buying an additional 2,862,718 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Palo Alto Networks by 18,802.8% during the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock worth $411,292,000 after buying an additional 2,397,539 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Palo Alto Networks by 41.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on PANW. Northland Securities reduced their price objective on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research report on Wednesday, May 21st. Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Stephens reiterated an "equal weight" rating and set a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Roth Capital assumed coverage on shares of Palo Alto Networks in a report on Thursday, May 15th. They set a "neutral" rating and a $210.00 price objective on the stock. Finally, Needham & Company LLC restated a "buy" rating and issued a $230.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $211.52.

Insider Activity

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $195.14, for a total value of $23,567,838.36. Following the sale, the executive vice president directly owned 264,246 shares in the company, valued at approximately $51,564,964.44. The trade was a 31.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 800 shares of the business's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $201.05, for a total value of $160,840.00. Following the sale, the chief accounting officer owned 42,033 shares in the company, 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. In the last three months, insiders sold 669,948 shares of company stock worth $126,552,277. 2.50% of the stock is owned by insiders.

Palo Alto Networks Stock Up 1.8%

Shares of NASDAQ:PANW opened at $187.61 on Thursday. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39. The company has a 50 day moving average of $189.74 and a two-hundred day moving average of $186.25. The company has a market capitalization of $125.10 billion, a price-to-earnings ratio of 116.89, a price-to-earnings-growth ratio of 4.49 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the company earned $0.75 earnings per share. The business's quarterly 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. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current 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.

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