MFG Wealth Management Inc. Takes Position in Palo Alto Networks, Inc. $PANW

MFG Wealth Management Inc. acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,671 shares of the network technology company’s stock, valued at approximately $1,934,000.

Several other hedge funds have also recently bought and sold shares of PANW. Norges Bank acquired a new position in Palo Alto Networks in the 4th quarter valued at about $1,415,364,000. Bank of America Corp DE increased its stake in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the period. Vanguard Group Inc. lifted its position in shares of Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Palo Alto Networks by 1,665.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock worth $442,788,000 after purchasing an additional 2,605,433 shares in the last quarter. Finally, Amundi boosted its stake in shares of Palo Alto Networks by 67.1% in the first quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock valued at $1,009,669,000 after purchasing an additional 2,528,299 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on PANW. Loop Capital lifted their price objective on shares of Palo Alto Networks from $160.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, June 3rd. Oppenheimer reissued an “outperform” rating and issued a $400.00 price target (up from $350.00) on shares of Palo Alto Networks in a research report on Tuesday. TD Cowen restated a “buy” rating on shares of Palo Alto Networks in a research note on Thursday. Citigroup reaffirmed a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Palo Alto Networks in a research report on Monday, July 13th. Finally, Capital One Financial set a $421.00 price objective on Palo Alto Networks and gave the company an “overweight” rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.76.

Insider Activity

In related news, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares of the company’s stock, valued at $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 101,239 shares of company stock valued at $27,174,360. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Up 1.2%

Shares of NASDAQ:PANW opened at $363.86 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $376.98. The firm’s 50 day moving average price is $317.88 and its 200 day moving average price is $228.20. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $296.55 billion, a price-to-earnings ratio of 298.25, a price-to-earnings-growth ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the business posted $0.37 EPS. The firm’s revenue was up 31.1% on a year-over-year basis. 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 earnings per share for the current fiscal year.

Palo Alto Networks 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.