MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Raises Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Palo Alto Networks by 8.6%, acquiring an additional 64,616 shares, bringing its total ownership to approximately 0.12% valued at $139.1 million.
• Palo Alto Networks reported $0.95 EPS in its latest quarter, exceeding expectations and showing a 15.8% revenue increase year-over-year, with total revenue reaching $2.54 billion.
• Insider trading activity has seen 448,648 shares sold by executives in the last 90 days, representing a significant decrease in their holdings amidst strong institutional investor interest, which currently owns 79.82% of the stock.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 8.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 815,318 shares of the network technology company's stock after acquiring an additional 64,616 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.12% of Palo Alto Networks worth $139,137,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of PANW. Csenge Advisory Group boosted its stake in shares of Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company's stock worth $381,000 after purchasing an additional 53 shares during the period. GSG Advisors LLC boosted its stake in shares of Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company's stock worth $2,154,000 after purchasing an additional 54 shares during the period. SYM FINANCIAL Corp boosted its stake in shares of Palo Alto Networks by 1.4% during the 1st quarter. SYM FINANCIAL Corp now owns 4,047 shares of the network technology company's stock worth $691,000 after purchasing an additional 55 shares during the period. Crew Capital Management Ltd. boosted its stake in shares of Palo Alto Networks by 2.5% during the 1st quarter. Crew Capital Management Ltd. now owns 2,310 shares of the network technology company's stock worth $394,000 after purchasing an additional 57 shares during the period. Finally, TFB Advisors LLC boosted its stake in shares of Palo Alto Networks by 1.9% during the 1st quarter. TFB Advisors LLC now owns 3,084 shares of the network technology company's stock worth $526,000 after purchasing an additional 58 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW traded up $2.11 during trading hours on Friday, hitting $194.46. The company's stock had a trading volume of 5,667,224 shares, compared to its average volume of 9,308,827. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The company has a market capitalization of $130.07 billion, a price-to-earnings ratio of 121.16, a P/E/G ratio of 4.64 and a beta of 0.98. The firm's fifty day moving average price is $188.33 and its 200 day moving average price is $185.71.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly 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. 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 analyst estimates of $2.50 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The company'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 research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the completion of the transaction, the executive vice president directly owned 101,135 shares in the company, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 569,422 shares of company stock worth $106,629,618 in the last quarter. 2.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PANW has been the subject of a number of recent analyst reports. DA Davidson reaffirmed a "buy" rating and set a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Royal Bank Of Canada reiterated an "outperform" rating and set a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Cantor Fitzgerald reiterated an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a report on Friday, August 15th. Needham & Company LLC reiterated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday. Finally, TD Securities reiterated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, May 21st. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $211.68.

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.