APG Asset Management US Inc. Has $4.02 Million Position in Palo Alto Networks, Inc. $PANW

APG Asset Management US Inc. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 13.7% in the first quarter, Holdings Channel.com reports. The firm owned 23,464 shares of the network technology company’s stock after purchasing an additional 2,832 shares during the quarter. APG Asset Management US Inc.’s holdings in Palo Alto Networks were worth $4,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Nuveen LLC acquired a new position in Palo Alto Networks during the 1st quarter worth about $810,047,000. Northern Trust Corp grew its holdings in Palo Alto Networks by 133.7% during the 4th quarter. Northern Trust Corp now owns 7,842,647 shares of the network technology company’s stock worth $1,427,048,000 after acquiring an additional 4,486,654 shares during the period. Nuveen Asset Management LLC grew its holdings in Palo Alto Networks by 98.0% during the 4th quarter. Nuveen Asset Management LLC now owns 6,158,580 shares of the network technology company’s stock worth $1,120,615,000 after acquiring an additional 3,047,625 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Palo Alto Networks by 92.7% during the 4th 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 acquiring an additional 2,862,718 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Palo Alto Networks by 18,802.8% during the 1st quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company’s stock worth $411,292,000 after acquiring an additional 2,397,539 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PANW shares. Wells Fargo & Company upped their price objective on shares of Palo Alto Networks from $225.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, May 21st. 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. TD Securities reaffirmed a “buy” rating and set a $230.00 target price on shares of Palo Alto Networks in a research report on Wednesday, May 21st. Wedbush reaffirmed an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a research report on Tuesday. Finally, Rosenblatt Securities reduced their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, August 14th. Twenty-eight investment 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $211.52.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $185.88 on Friday. The firm has a 50-day moving average of $190.61 and a 200-day moving average of $186.33. The company has a market cap of $123.94 billion, a P/E ratio of 115.81, a P/E/G ratio of 4.47 and a beta of 0.94. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $210.39.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 800 shares of Palo Alto Networks stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $201.05, for a total value of $160,840.00. Following the completion of the sale, the chief accounting officer owned 42,033 shares of the company’s stock, valued at approximately $8,450,734.65. This trade represents a 1.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the completion of the sale, the executive vice president directly owned 101,135 shares of the company’s stock, valued at approximately $20,414,099.75. This trade represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 669,948 shares of company stock valued at $126,552,277 over the last quarter. Corporate insiders own 2.50% of the company’s stock.

About Palo Alto Networks

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.