New York Life Investment Management LLC Purchases 1,300 Shares of Palo Alto Networks, Inc. $PANW

New York Life Investment Management LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.3% in the second quarter, HoldingsChannel reports. The fund owned 99,263 shares of the network technology company’s stock after buying an additional 1,300 shares during the period. New York Life Investment Management LLC’s holdings in Palo Alto Networks were worth $20,313,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Whipplewood Advisors LLC raised its position in shares of Palo Alto Networks by 6,400.0% during the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Briaud Financial Planning Inc bought a new stake in shares of Palo Alto Networks during the second quarter worth $28,000. Dagco Inc. bought a new stake in shares of Palo Alto Networks during the first quarter worth $33,000. WPG Advisers LLC bought a new stake in Palo Alto Networks in the first quarter valued at about $37,000. Finally, Strategic Investment Solutions Inc. IL increased its holdings in Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock valued at $38,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Up 1.5%

NASDAQ:PANW opened at $220.29 on Tuesday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $221.09. The stock has a market cap of $147.35 billion, a price-to-earnings ratio of 137.25, a PEG ratio of 5.16 and a beta of 0.98. The stock has a 50-day moving average price of $201.67 and a two-hundred day moving average price of $192.92.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) 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 analysts’ expectations of $2.50 billion. During the same period in the previous year, the firm earned $0.75 earnings per share. The company’s 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. Sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on PANW shares. Tigress Financial started coverage on Palo Alto Networks in a report on Friday, September 26th. They issued a “buy” rating and a $245.00 price objective for the company. Bank of America upped their price objective on Palo Alto Networks from $215.00 to $240.00 and gave the company a “buy” rating in a report on Monday, October 20th. Westpark Capital reiterated a “hold” rating on shares of Palo Alto Networks in a report on Tuesday, August 19th. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.17.

Insider Transactions at Palo Alto Networks

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 stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,315,130 shares of company stock valued at $260,687,367. Insiders own 2.50% of the company’s stock.

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.