OMERS ADMINISTRATION Corp Purchases New Position in Palo Alto Networks, Inc. $PANW

OMERS ADMINISTRATION Corp acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, Holdings Channel reports. The institutional investor acquired 180,868 shares of the network technology company’s stock, valued at approximately $61,680,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Osmosis Investment Management UK Ltd acquired a new position in shares of Palo Alto Networks during the second quarter worth about $3,707,000. Sanctuary Advisors LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $80,338,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in Palo Alto Networks during the 2nd quarter valued at $79,287,000. Saranac Partners Ltd acquired a new stake in shares of Palo Alto Networks during the second quarter valued at about $1,315,000. Finally, Solstein Capital LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $26,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity

In other news, Director Helle Thorning-Schmidt sold 700 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the sale, the director owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,935 shares of company stock valued at $10,809,461 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

PANW stock opened at $358.04 on Monday. The stock’s 50 day simple moving average is $337.38 and its 200 day simple moving average is $242.19. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The firm has a market cap of $291.80 billion, a P/E ratio of 293.48, a P/E/G ratio of 12.00 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PANW. Sanford C. Bernstein increased their price target on Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Morgan Stanley set a $400.00 price target on shares of Palo Alto Networks in a report on Monday, August 17th. Cantor Fitzgerald increased their price objective on shares of Palo Alto Networks from $340.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Truist Financial set a $435.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday. Finally, TD Cowen boosted their target price on shares of Palo Alto Networks from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $362.67.

Palo Alto Networks Company Profile

Palo Alto Networks (NASDAQ: PANW) is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company’s product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.