Swedbank AB Grows Stake in Palo Alto Networks, Inc. $PANW

by · The Cerbat Gem

Swedbank AB grew its position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 16.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,831,684 shares of the network technology company’s stock after purchasing an additional 261,997 shares during the quarter. Swedbank AB’s holdings in Palo Alto Networks were worth $374,836,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in PANW. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Palo Alto Networks in the first quarter worth about $261,000. Strive Asset Management LLC raised its holdings in shares of Palo Alto Networks by 16.6% in the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock valued at $358,000 after purchasing an additional 299 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after purchasing an additional 1,374 shares during the period. Czech National Bank boosted its stake in shares of Palo Alto Networks by 6.4% during the second quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock valued at $33,119,000 after purchasing an additional 9,766 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in Palo Alto Networks by 8.0% during the first quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company’s stock valued at $23,491,000 after buying an additional 10,180 shares during the period. Institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other news, EVP Nir Zuk sold 100,000 shares of the company’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares of the company’s stock, valued at $6,948,576.60. This trade represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 569,422 shares of company stock valued at $106,629,618. Insiders own 2.50% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the company. UBS Group set a $185.00 target price on Palo Alto Networks and gave the stock a “neutral” rating in a report on Tuesday, August 12th. Morgan Stanley lifted their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Rosenblatt Securities cut their target price on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a research report on Thursday, August 14th. TD Securities restated a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Finally, Piper Sandler upgraded Palo Alto Networks from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $200.00 to $225.00 in a research note on Tuesday, August 12th. Twenty-nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $212.39.

Read Our Latest Stock Report on PANW

Palo Alto Networks Stock Up 0.9%

Shares of NASDAQ PANW opened at $203.12 on Thursday. The firm has a market cap of $135.87 billion, a price-to-earnings ratio of 126.55, a price-to-earnings-growth ratio of 4.80 and a beta of 0.98. The company’s 50-day simple moving average is $187.91 and its 200-day simple moving average is $186.20. Palo Alto Networks, Inc. has a 52-week low of $144.15 and a 52-week high of $210.39.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $0.75 EPS. Palo Alto Networks’s quarterly revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks Company Profile

(Free Report)

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.

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