Palo Alto Networks, Inc. $PANW Shares Purchased by NewEdge Advisors LLC

Key Points

• NewEdge Advisors LLC increased its holdings in Palo Alto Networks, Inc. by 6.9%, owning over 101,208 shares worth approximately $17.27 million after purchasing an additional 6,563 shares.
• A variety of institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have also significantly increased their stakes in Palo Alto Networks, indicating strong investor interest.
• Palo Alto Networks reported earnings of $0.95 per share for the last quarter, surpassing expectations and showcasing a 15.8% year-over-year revenue growth.

NewEdge Advisors LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 6.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,208 shares of the network technology company's stock after buying an additional 6,563 shares during the period. NewEdge Advisors LLC's holdings in Palo Alto Networks were worth $17,270,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company's stock worth $10,712,019,000 after purchasing an additional 1,541,637 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after purchasing an additional 2,134,735 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Palo Alto Networks by 98.0% during the fourth quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company's stock worth $1,120,615,000 after purchasing an additional 3,047,625 shares in 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 fourth 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 purchasing an additional 2,862,718 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Palo Alto Networks during the first quarter worth $810,047,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

PANW opened at $194.46 on Friday. The stock has a market capitalization of $130.07 billion, a PE ratio of 121.16, a P/E/G ratio of 4.59 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 $185.85. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39.

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 earnings per share (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 firm had revenue of $2.54 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the company posted $0.75 earnings per share. The firm's quarterly revenue was up 15.8% on a year-over-year basis. 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 forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares in the company, valued at $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the sale, the executive vice president owned 177,954 shares of the company's stock, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 569,422 shares of company stock worth $106,629,618 in the last ninety days. 2.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Needham & Company LLC reissued a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday. Jefferies Financial Group set a $235.00 target price on shares of Palo Alto Networks in a research report on Tuesday, July 29th. TD Securities reissued a "buy" rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Finally, Stephens reaffirmed an "equal weight" rating and issued a $205.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and an average price target of $211.68.

Palo Alto Networks 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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