Palo Alto Networks, Inc. $PANW Shares Acquired by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,150 shares of the network technology company’s stock after buying an additional 1,587 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Palo Alto Networks were worth $46,942,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Consilium Wealth Advisory LLC boosted its position in shares of Palo Alto Networks by 2.5% in the third quarter. Consilium Wealth Advisory LLC now owns 1,117 shares of the network technology company’s stock valued at $444,000 after acquiring an additional 27 shares during the period. Grove Bank & Trust increased its holdings in Palo Alto Networks by 7.0% during the 3rd quarter. Grove Bank & Trust now owns 472 shares of the network technology company’s stock worth $188,000 after acquiring an additional 31 shares during the period. Riversedge Advisors LLC increased its holdings in Palo Alto Networks by 2.5% during the 3rd quarter. Riversedge Advisors LLC now owns 1,285 shares of the network technology company’s stock worth $511,000 after acquiring an additional 31 shares during the period. Tenon Financial LLC increased its holdings in Palo Alto Networks by 5.3% during the 3rd quarter. Tenon Financial LLC now owns 661 shares of the network technology company’s stock worth $263,000 after acquiring an additional 33 shares during the period. Finally, Trilogy Capital Inc. lifted its stake in Palo Alto Networks by 1.8% in the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock worth $725,000 after purchasing an additional 37 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on PANW shares. Arete Research upped their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a report on Monday, June 29th. Wedbush initiated coverage on Palo Alto Networks in a research note on Friday, September 11th. They set an “outperform” rating and a $400.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating and set a $390.00 target price (up from $371.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. BMO Capital Markets restated an “outperform” rating and set a $415.00 target price (up from $335.00) on shares of Palo Alto Networks in a research report on Thursday, August 20th. Finally, Mizuho set a $415.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $398.55.

Insider Activity

In related news, Director James Goetz sold 20,000 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of $376.68, for a total transaction of $7,533,600.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Josh Paul sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the completion of the sale, the chief accounting officer owned 72,484 shares of the company’s stock, valued at $27,085,821.12. The trade was a 1.23% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 54,210 shares of company stock worth $20,823,029. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $346.95 on Tuesday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $432.33. 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 firm has a market capitalization of $283.81 billion, a price-to-earnings ratio of 680.31, a PEG ratio of 9.84 and a beta of 0.93. The company’s fifty day moving average price is $371.90 and its 200-day moving average price is $303.36.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.35 billion. During the same quarter last year, the business posted $0.95 earnings per share. The company’s revenue for the quarter was up 34.5% on a year-over-year basis. 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. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

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.