Temasek Holdings Private Ltd Purchases 14,969 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Temasek Holdings increased its stake in Palo Alto Networks by 73.2% in Q3, buying 14,969 shares to own 35,410 shares valued at about $7.21 million.
• Palo Alto Networks beat quarterly EPS estimates (reported $1.03 vs. $0.94 consensus) and posted revenue of $2.59 billion, up 14.9% year‑over‑year.
• Insiders sold sizeable positions recently — Director James J. Goetz sold 22,684 shares and EVP Lee Klarich sold 120,768 shares — with insiders offloading 149,252 shares worth roughly $27.9 million in the last 90 days.

Temasek Holdings Private Ltd increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 73.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,410 shares of the network technology company's stock after purchasing an additional 14,969 shares during the period. Temasek Holdings Private Ltd's holdings in Palo Alto Networks were worth $7,210,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Klingman & Associates LLC raised its position in Palo Alto Networks by 2.2% in the 3rd quarter. Klingman & Associates LLC now owns 2,131 shares of the network technology company's stock worth $434,000 after purchasing an additional 46 shares during the period. Contravisory Investment Management Inc. boosted its position in shares of Palo Alto Networks by 1.8% during the third quarter. Contravisory Investment Management Inc. now owns 2,742 shares of the network technology company's stock valued at $558,000 after buying an additional 48 shares during the period. Mattern Wealth Management LLC grew its stake in shares of Palo Alto Networks by 2.9% during the third quarter. Mattern Wealth Management LLC now owns 1,692 shares of the network technology company's stock valued at $345,000 after buying an additional 48 shares during the last quarter. PTM Wealth Management LLC grew its stake in shares of Palo Alto Networks by 4.0% during the third quarter. PTM Wealth Management LLC now owns 1,300 shares of the network technology company's stock valued at $276,000 after buying an additional 50 shares during the last quarter. Finally, Arlington Trust Co LLC raised its holdings in shares of Palo Alto Networks by 4.8% in the third quarter. Arlington Trust Co LLC now owns 1,088 shares of the network technology company's stock worth $222,000 after buying an additional 50 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Down 0.7%

Shares of NASDAQ:PANW opened at $167.01 on Friday. The business's 50 day moving average is $169.84 and its 200 day moving average is $189.47. The stock has a market cap of $136.28 billion, a P/E ratio of 92.27, a price-to-earnings-growth ratio of 6.07 and a beta of 0.78. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $223.61.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Wednesday, February 18th. The network technology company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.58 billion. During the same period in the previous year, the company posted $0.81 EPS. Palo Alto Networks's revenue was up 14.9% on a year-over-year basis. On average, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In related news, Director James J. Goetz sold 22,684 shares of Palo Alto Networks stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $164.41, for a total value of $3,729,476.44. Following the completion of the sale, the director directly owned 52,500 shares in the company, valued at $8,631,525. The trade was a 30.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lee Klarich sold 120,768 shares of the company's stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $191.03, for a total transaction of $23,070,311.04. Following the completion of the sale, the executive vice president directly owned 298,887 shares of the company's stock, valued at approximately $57,096,383.61. This trade represents a 28.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 149,252 shares of company stock worth $27,888,535. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PANW shares. Deutsche Bank Aktiengesellschaft decreased their price target on Palo Alto Networks from $240.00 to $220.00 and set a "buy" rating for the company in a research note on Wednesday, February 18th. Susquehanna reduced their target price on Palo Alto Networks from $230.00 to $200.00 and set a "positive" rating on the stock in a research note on Wednesday, February 18th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Robert W. Baird set a $220.00 target price on shares of Palo Alto Networks and gave the company an "outperform" rating in a research note on Wednesday, February 18th. Finally, Rosenblatt Securities restated a "buy" rating and issued a $225.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $210.19.

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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