Cooper Financial Group lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 27.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,669 shares of the network technology company’s stock after acquiring an additional 569 shares during the period. Cooper Financial Group’s holdings in Palo Alto Networks were worth $546,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in PANW. Brighton Jones LLC boosted its stake in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after acquiring an additional 4,031 shares during the last quarter. Bison Wealth LLC lifted its position in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after buying an additional 3,275 shares during the period. Merit Financial Group LLC lifted its position in Palo Alto Networks by 29.6% during the first quarter. Merit Financial Group LLC now owns 34,974 shares of the network technology company’s stock worth $5,968,000 after buying an additional 7,978 shares during the period. Fulton Bank N.A. lifted its position in Palo Alto Networks by 2.4% during the first quarter. Fulton Bank N.A. now owns 9,176 shares of the network technology company’s stock worth $1,566,000 after buying an additional 219 shares during the period. Finally, RFG Advisory LLC lifted its position in Palo Alto Networks by 4.9% during the first quarter. RFG Advisory LLC now owns 18,004 shares of the network technology company’s stock worth $3,072,000 after buying an additional 833 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.
Analyst Ratings Changes
Several equities analysts recently weighed in on PANW shares. UBS Group set a $245.00 target price on Palo Alto Networks in a research report on Friday, September 26th. Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a research report on Monday, September 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $232.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a research report on Tuesday, July 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $212.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $214.64.
Palo Alto Networks Stock Up 1.6%
Shares of NASDAQ PANW opened at $206.80 on Thursday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The business has a 50 day moving average price of $189.95 and a two-hundred day moving average price of $187.87. The firm has a market cap of $138.33 billion, a PE ratio of 128.85, a price-to-earnings-growth ratio of 4.85 and a beta of 0.98.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm earned $0.75 EPS. Palo Alto Networks’s quarterly revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.
Insider Activity
In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares in the company, valued at $6,948,576.60. This trade represents a 1.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the sale, the executive vice president owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,314,430 shares of company stock worth $259,210,094 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.
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