Mutual of America Capital Management LLC Has $16.30 Million Position in Palo Alto Networks, Inc. $PANW

Mutual of America Capital Management LLC decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.3% during the second quarter, HoldingsChannel reports. The firm owned 79,645 shares of the network technology company’s stock after selling 1,065 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Palo Alto Networks were worth $16,299,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the company. Brighton Jones LLC lifted its position in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after acquiring an additional 4,031 shares during the last quarter. Bison Wealth LLC boosted its stake in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after purchasing an additional 3,275 shares during the period. GAMMA Investing LLC grew its holdings in Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock valued at $2,410,000 after buying an additional 1,374 shares during the last quarter. Cornerstone Wealth Management LLC increased its position in Palo Alto Networks by 13.1% in the 1st quarter. Cornerstone Wealth Management LLC now owns 2,455 shares of the network technology company’s stock worth $419,000 after buying an additional 285 shares during the period. Finally, Retirement Systems of Alabama lifted its holdings in shares of Palo Alto Networks by 0.4% during the first quarter. Retirement Systems of Alabama now owns 142,278 shares of the network technology company’s stock worth $24,278,000 after buying an additional 570 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer directly owned 275,013 shares in the company, valued at $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the sale, the executive vice president directly owned 149,190 shares of the company’s stock, valued at approximately $31,616,344.80. The trade was a 44.74% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $260,687,367 in the last three months. Company insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Westpark Capital reaffirmed a “hold” rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Oppenheimer raised their price target on shares of Palo Alto Networks from $225.00 to $245.00 and gave the stock an “outperform” rating in a research report on Friday. JMP Securities reaffirmed a “market outperform” rating and set a $212.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Mizuho lifted their target price on Palo Alto Networks from $210.00 to $220.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Stephens reaffirmed an “equal weight” rating and issued a $205.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $216.60.

Palo Alto Networks Stock Up 1.2%

Shares of PANW opened at $207.89 on Friday. The company has a 50-day moving average price of $196.80 and a two-hundred day moving average price of $190.41. The stock has a market cap of $139.06 billion, a price-to-earnings ratio of 129.53, a P/E/G ratio of 4.94 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.Palo Alto Networks’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks Profile

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.