Vise Technologies Inc. Acquires 9,963 Shares of Palo Alto Networks, Inc. $PANW

Vise Technologies Inc. raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 47.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,973 shares of the network technology company's stock after buying an additional 9,963 shares during the quarter. Vise Technologies Inc.'s holdings in Palo Alto Networks were worth $12,306,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in shares of Palo Alto Networks during the 2nd quarter worth about $25,833,462,000. State Street Corp raised its position in shares of Palo Alto Networks by 4.2% during the second quarter. State Street Corp now owns 36,979,497 shares of the network technology company's stock valued at $12,610,748,000 after buying an additional 1,493,179 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company's stock valued at $7,734,973,000 after buying an additional 205,123 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Palo Alto Networks by 8.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company's stock valued at $2,993,802,000 after buying an additional 706,003 shares during the period. Finally, Legal & General Group Plc acquired a new stake in Palo Alto Networks during the second quarter worth about $1,968,304,000. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Performance

PANW stock opened at $365.87 on Monday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33. The stock has a market capitalization of $299.56 billion, a price-to-earnings ratio of 717.41, a P/E/G ratio of 10.49 and a beta of 0.96. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87. The business has a fifty day moving average price of $372.15 and a 200 day moving average price of $269.89.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. The firm's quarterly revenue was up 34.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. Analysts expect that Palo Alto Networks, Inc. will post 2.32 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Aparna Bawa sold 1,000 shares of the firm's stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $373.61, for a total value of $373,610.00. Following the transaction, the director owned 5,437 shares of the company's stock, valued at approximately $2,031,317.57. This trade represents a 15.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Goetz sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 54,210 shares of company stock worth $20,823,029. 0.55% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on PANW. Loop Capital upped their price target on Palo Alto Networks from $290.00 to $350.00 and gave the company a "hold" rating in a report on Friday, August 21st. Cantor Fitzgerald reiterated an "overweight" rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, September 8th. Mizuho set a $415.00 price objective on Palo Alto Networks and gave the stock an "outperform" rating in a report on Wednesday, August 19th. DA Davidson boosted their price objective on Palo Alto Networks from $345.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $525.00 target price (up from $475.00) on shares of Palo Alto Networks in a research note on Monday, October 12th. Thirty-nine analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average price target of $398.55.

Palo Alto Networks Profile

Palo Alto Networks, Inc NASDAQ: PANW is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company's portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.

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