SEB Asset Management AB Purchases New Position in Palo Alto Networks, Inc. $PANW

Key Points

• SEB Asset Management AB opened a new position in Palo Alto Networks during Q1, buying 557,704 shares valued at about $89.4 million.
• Palo Alto Networks reported strong quarterly results, with EPS of $0.85 versus $0.79 expected and revenue of $3 billion, up 31.1% year over year.
• Analysts remain broadly positive on PANW, with several price target hikes and an average Wall Street rating of “Moderate Buy” with a target price of $327.74.

SEB Asset Management AB purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 557,704 shares of the network technology company's stock, valued at approximately $89,411,000. SEB Asset Management AB owned approximately 0.07% of Palo Alto Networks as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PANW. Brighton Jones LLC raised its position in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bison Wealth LLC grew its holdings in shares of Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after purchasing an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after purchasing an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. increased its stake in shares of Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after buying an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC increased its stake in shares of Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock valued at $900,000 after buying an additional 249 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $358.68 on Friday. The stock has a 50-day moving average price of $290.04 and a 200 day moving average price of $212.30. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a market cap of $292.32 billion, a price-to-earnings ratio of 294.00, a PEG ratio of 13.32 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $368.80.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share 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 firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the previous year, the business posted $0.37 EPS. The company's quarterly revenue was up 31.1% compared to the same quarter last year. 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. Research analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director Aparna Bawa sold 290 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the completion of the sale, the director directly owned 6,437 shares of the company's stock, valued at $2,244,839.38. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,239 shares of company stock valued at $27,174,360 over the last 90 days. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. BNP Paribas Exane upped their price target on shares of Palo Alto Networks from $330.00 to $380.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 1st. Weiss Ratings cut shares of Palo Alto Networks from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 4th. Sanford C. Bernstein boosted their target price on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Morgan Stanley upped their target price on shares of Palo Alto Networks from $253.00 to $320.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 3rd. Finally, Oppenheimer increased their price target on shares of Palo Alto Networks from $275.00 to $350.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $327.74.

About Palo Alto Networks

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.

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