77,618 Palo Alto Networks, Inc. $PANW Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 365.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 98,873 shares of the network technology company’s stock after purchasing an additional 77,618 shares during the period. Palo Alto Networks accounts for approximately 1.0% of SteelPeak Wealth LLC’s portfolio, making the stock its 20th biggest position. SteelPeak Wealth LLC’s holdings in Palo Alto Networks were worth $39,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of PANW. BlackRock Inc. purchased a new position in Palo Alto Networks during the 2nd quarter worth approximately $25,833,462,000. State Street Corp lifted its stake in Palo Alto Networks by 4.2% during the 2nd quarter. State Street Corp now owns 36,979,497 shares of the network technology company’s stock valued at $12,610,748,000 after acquiring an additional 1,493,179 shares during the period. Bank of America Corp DE boosted its holdings in shares of Palo Alto Networks by 0.9% in the 2nd quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock valued at $7,734,973,000 after acquiring an additional 205,123 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Palo Alto Networks by 8.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,778,963 shares of the network technology company’s stock valued at $2,993,802,000 after acquiring an additional 706,003 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Palo Alto Networks by 4.4% in the 1st quarter. First Trust Advisors LP now owns 6,466,118 shares of the network technology company’s stock valued at $1,036,648,000 after acquiring an additional 273,103 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 7.6%

Shares of NASDAQ:PANW opened at $342.00 on Friday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $432.33. The company has a market capitalization of $279.76 billion, a PE ratio of 670.60, a PEG ratio of 9.84 and a beta of 0.93. The business has a 50 day moving average of $372.66 and a two-hundred day moving average of $301.02. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.06.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 EPS for the quarter, topping the consensus estimate of $0.98 by $0.04. The business had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%. The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, analysts forecast that Palo Alto Networks, Inc. will post 2.31 EPS for the current year.

Insider Transactions at Palo Alto Networks

In related news, Director Aparna Bawa sold 1,000 shares of the stock in a transaction on Monday, September 14th. The shares were sold at an average price of $373.61, for a total transaction of $373,610.00. Following the sale, the director directly owned 5,437 shares of the company’s stock, valued at approximately $2,031,317.57. This represents a 15.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Goetz sold 20,000 shares of the firm’s stock in a transaction on Thursday, September 17th. The shares were sold at an average price of $376.68, for a total transaction of $7,533,600.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 54,210 shares of company stock worth $20,823,029. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the topic of a number of research reports. Needham & Company LLC reiterated a “buy” rating and issued a $425.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Susquehanna boosted their target price on shares of Palo Alto Networks from $350.00 to $415.00 and gave the company a “positive” rating in a research report on Wednesday, September 2nd. Stifel Nicolaus set a $415.00 target price on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, August 19th. UBS Group reaffirmed a “neutral” rating and issued a $390.00 price target (up from $300.00) on shares of Palo Alto Networks in a report on Wednesday, August 19th. Finally, FBN Securities reaffirmed an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $393.02.

About Palo Alto Networks

Palo Alto Networks, Inc (NASDAQ:PANW) is a global cybersecurity company that helps organizations protect networks, cloud environments, endpoints, and digital infrastructure. Its offerings are designed to prevent cyberattacks, identify security risks, monitor activity, and support incident response across enterprise, government, and service-provider environments.

The company’s portfolio includes network security products such as next-generation firewalls and security operations tools; Prisma, its cloud security platform; and Cortex, a suite focused on endpoint protection, threat detection, security analytics, and automated response.