Mn Services Vermogensbeheer B.V. Grows Stock Holdings in Palo Alto Networks, Inc. $PANW

Mn Services Vermogensbeheer B.V. raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.6% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 240,029 shares of the network technology company’s stock after purchasing an additional 3,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Palo Alto Networks were worth $95,366,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Palo Alto Networks during the second quarter valued at approximately $25,833,462,000. State Street Corp grew its stake in Palo Alto Networks by 4.2% in the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after purchasing an additional 1,493,179 shares during the period. Bank of America Corp DE increased its position in shares of Palo Alto Networks by 0.9% during the 2nd 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 purchasing an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Palo Alto Networks by 8.7% during the 2nd 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 purchasing an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Palo Alto Networks by 4.4% during the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock worth $1,036,648,000 after purchasing an additional 273,103 shares during the period. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on PANW. Royal Bank Of Canada boosted their price target on shares of Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. HSBC reduced their target price on shares of Palo Alto Networks from $201.00 to $190.00 in a research report on Thursday, September 3rd. DA Davidson raised their price target on shares of Palo Alto Networks from $345.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. Loop Capital lifted their price target on shares of Palo Alto Networks from $290.00 to $350.00 and gave the stock a “hold” rating in a report on Friday, August 21st. Finally, Arete Research upped their price objective on Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Thirty-eight analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $391.32.

Palo Alto Networks Trading Down 1.7%

Shares of Palo Alto Networks stock opened at $398.50 on Friday. The company’s 50-day moving average price is $369.15 and its 200-day moving average price is $292.37. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The company has a market cap of $325.97 billion, a price-to-earnings ratio of 781.39, a PEG ratio of 11.67 and a beta of 0.93.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, beating the consensus estimate of $0.98 by $0.04. The company had revenue of $3.41 billion during the quarter, compared to analysts’ expectations of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks’s revenue for the quarter was up 34.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.95 earnings per share. 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 analysts expect that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In related news, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $376.68, for a total value of $7,533,600.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John Key sold 2,500 shares of the stock in a transaction on Monday, September 14th. The stock was sold at an average price of $376.03, for a total value of $940,075.00. Following the completion of the sale, the director owned 10,000 shares in the company, valued at $3,760,300. This trade represents a 20.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 53,960 shares of company stock worth $20,719,959. 1.40% of the stock is owned by corporate insiders.

About Palo Alto Networks

Palo Alto Networks, Inc is a cybersecurity company that provides solutions designed to help organizations protect networks, endpoints, cloud environments, applications and users from cyber threats. Its offerings include next-generation firewalls, cloud-delivered security services, secure access service edge (SASE) solutions, endpoint protection and security operations tools.

The company also provides platforms and services for cloud security, threat intelligence, incident response, vulnerability management and the automation of security operations.