Aviva PLC Purchases 36,469 Shares of Palo Alto Networks, Inc. $PANW

Aviva PLC lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.0% in the second quarter, HoldingsChannel reports. The firm owned 494,740 shares of the network technology company’s stock after purchasing an additional 36,469 shares during the quarter. Aviva PLC’s holdings in Palo Alto Networks were worth $101,244,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PANW. Los Angeles Capital Management LLC grew its stake in shares of Palo Alto Networks by 17.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 17,098 shares of the network technology company’s stock worth $3,499,000 after buying an additional 2,600 shares in the last quarter. Prospera Financial Services Inc raised its position in Palo Alto Networks by 35.0% during the second quarter. Prospera Financial Services Inc now owns 48,516 shares of the network technology company’s stock valued at $9,928,000 after purchasing an additional 12,590 shares during the period. RWA Wealth Partners LLC lifted its stake in shares of Palo Alto Networks by 0.5% in the 2nd quarter. RWA Wealth Partners LLC now owns 62,040 shares of the network technology company’s stock valued at $12,696,000 after purchasing an additional 328 shares during the last quarter. True Wealth Design LLC boosted its holdings in shares of Palo Alto Networks by 15.4% in the 2nd quarter. True Wealth Design LLC now owns 456 shares of the network technology company’s stock worth $93,000 after purchasing an additional 61 shares during the period. Finally, Summit Investment Advisors Inc. increased its position in shares of Palo Alto Networks by 3.5% during the 1st quarter. Summit Investment Advisors Inc. now owns 28,320 shares of the network technology company’s stock valued at $4,833,000 after purchasing an additional 953 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $223.00 price target on shares of Palo Alto Networks in a research report on Friday, August 15th. Sanford C. Bernstein set a $207.00 target price on shares of Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Piper Sandler raised shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $200.00 to $225.00 in a research note on Tuesday, August 12th. Barclays reiterated an “overweight” rating and set a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Thirty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.17.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $217.94, for a total transaction of $26,321,485.56. Following the sale, the executive vice president owned 356,409 shares of the company’s stock, valued at approximately $77,675,777.46. This trade represents a 25.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Nikesh Arora sold 846,408 shares of the firm’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 sale, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 1,215,830 shares of company stock worth $249,160,428. 2.50% of the stock is owned by company insiders.

Palo Alto Networks Stock Up 0.4%

Shares of NASDAQ PANW opened at $212.29 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $223.61. The firm has a market cap of $142.00 billion, a PE ratio of 132.27, a price-to-earnings-growth ratio of 5.03 and a beta of 0.95. The business has a fifty day simple moving average of $207.16 and a two-hundred day simple moving average of $195.77.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly 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 for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s revenue was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $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. On average, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.