1,434 Palo Alto Networks, Inc. $PANW Shares Acquired by One Wealth Capital Management LLC

One Wealth Capital Management LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 201.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,145 shares of the network technology company’s stock after acquiring an additional 1,434 shares during the quarter. One Wealth Capital Management LLC’s holdings in Palo Alto Networks were worth $852,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Palo Alto Networks during the second quarter worth about $25,833,462,000. Legal & General Group Plc acquired a new position in Palo Alto Networks in the 2nd quarter valued at about $1,968,304,000. Bank of New York Mellon Corp purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $1,569,755,000. Deutsche Bank AG purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $1,481,236,000. Finally, Bank of America Corp DE increased its holdings in shares of Palo Alto Networks by 16.0% during the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Arete Research lifted their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Benchmark upped their price objective on Palo Alto Networks from $340.00 to $400.00 and gave the company a “buy” rating in a report on Monday, August 24th. Oppenheimer reiterated an “outperform” rating and issued a $450.00 price objective (up from $400.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Citigroup restated a “buy” rating and issued a $440.00 target price (up from $410.00) on shares of Palo Alto Networks in a research report on Thursday, October 15th. Finally, HSBC decreased their price target on Palo Alto Networks from $201.00 to $190.00 in a research note on Thursday, September 3rd. Thirty-nine research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average price target of $398.55.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $380.55 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.87 and a current ratio of 0.87. The stock has a market capitalization of $311.29 billion, a P/E ratio of 746.19, a PEG ratio of 10.95 and a beta of 0.93. The company has a 50 day moving average price of $369.33 and a 200 day moving average price of $307.79. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $432.33.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.04. The firm had revenue of $3.41 billion during 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 revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter last year, the firm 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In other news, Director Aparna Bawa sold 1,000 shares of the firm’s stock in a transaction on Monday, September 14th. The stock was sold at an average price of $373.61, for a total transaction of $373,610.00. Following the completion of the transaction, the director directly owned 5,437 shares in the company, valued at $2,031,317.57. This trade represents a 15.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Dipak Golechha sold 27,500 shares of Palo Alto Networks stock in a transaction on Thursday, September 24th. The shares were sold at an average price of $391.60, for a total value of $10,769,000.00. Following the completion of the sale, the executive vice president directly owned 117,750 shares of the company’s stock, valued at $46,110,900. The trade was a 18.93% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 54,210 shares of company stock valued at $20,823,029. Corporate insiders own 1.40% of the company’s stock.

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.