International Assets Investment Management LLC Purchases 125,142 Shares of Palo Alto Networks, Inc. $PANW

International Assets Investment Management LLC increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 503.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 150,000 shares of the network technology company’s stock after acquiring an additional 125,142 shares during the period. International Assets Investment Management LLC’s holdings in Palo Alto Networks were worth $59,596,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lebenthal Global Advisors LLC boosted its stake in Palo Alto Networks by 2.6% during the third quarter. Lebenthal Global Advisors LLC now owns 10,667 shares of the network technology company’s stock worth $4,238,000 after buying an additional 275 shares during the period. Brian Low Financial Group LLC acquired a new stake in shares of Palo Alto Networks during the third quarter valued at about $226,000. CHICAGO TRUST Co NA raised its stake in shares of Palo Alto Networks by 10.5% in the 3rd quarter. CHICAGO TRUST Co NA now owns 6,403 shares of the network technology company’s stock valued at $2,544,000 after acquiring an additional 610 shares during the period. Glenview Trust Co raised its stake in shares of Palo Alto Networks by 2.0% in the 3rd quarter. Glenview Trust Co now owns 19,025 shares of the network technology company’s stock valued at $7,559,000 after acquiring an additional 376 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Palo Alto Networks by 71.5% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 64,517 shares of the network technology company’s stock worth $25,633,000 after acquiring an additional 26,900 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 3.9%

PANW stock opened at $365.87 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 cap of $299.56 billion, a price-to-earnings ratio of 717.41, a price-to-earnings-growth ratio of 10.92 and a beta of 0.93. The company has a fifty day moving average price of $372.15 and a 200 day moving average price of $269.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.87 and a quick ratio of 0.87.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a net margin of 2.67% and a return on equity of 8.50%. Palo Alto Networks’s quarterly revenue was up 34.5% on a year-over-year basis. During the same period last 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 2.32 earnings per share for the current year.

Insider Activity

In other Palo Alto Networks news, EVP Dipak Golechha sold 27,500 shares of the business’s stock in a transaction that occurred on Thursday, September 24th. The stock was sold at an average price of $391.60, for a total transaction of $10,769,000.00. Following the transaction, the executive vice president owned 117,750 shares in the company, valued at approximately $46,110,900. The trade was a 18.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $373.68, for a total value of $336,312.00. Following the transaction, the chief accounting officer owned 72,484 shares in the company, valued at $27,085,821.12. The trade was a 1.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,210 shares of company stock valued at $20,823,029 over the last ninety days. 1.40% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PANW. Yorkville Ives initiated coverage on shares of Palo Alto Networks in a research report on Monday, October 5th. They set an “outperform” rating and a $500.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $430.00 target price (up from $350.00) on shares of Palo Alto Networks in a research report on Wednesday, September 2nd. Wedbush started coverage on Palo Alto Networks in a research note on Friday, September 11th. They set an “outperform” rating and a $400.00 price target on the stock. Evercore restated an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, August 31st. Finally, Robert W. Baird set a $420.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Thirty-nine investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $398.55.

Palo Alto Networks Company Profile

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.