TD Asset Management Inc Buys 5,129 Shares of Palo Alto Networks, Inc. $PANW

TD Asset Management Inc increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 370,271 shares of the network technology company’s stock after buying an additional 5,129 shares during the period. TD Asset Management Inc owned 0.06% of Palo Alto Networks worth $75,395,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new stake in shares of Palo Alto Networks in the second quarter worth $25,000. Howard Hughes Medical Institute bought a new position in Palo Alto Networks in the 2nd quarter worth about $29,000. MTM Investment Management LLC bought a new position in Palo Alto Networks in the 2nd quarter worth about $31,000. CBIZ Investment Advisory Services LLC grew its position in Palo Alto Networks by 39.7% during the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter. Finally, Spurstone Advisory Services LLC bought a new stake in Palo Alto Networks during the 2nd quarter valued at about $41,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,768 shares of the firm’s stock in a transaction that occurred on Thursday, January 8th. The shares were sold at an average price of $191.03, for a total value of $23,070,311.04. Following the transaction, the executive vice president owned 298,887 shares of the company’s stock, valued at approximately $57,096,383.61. This trade represents a 28.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $188.18, for a total transaction of $940,900.00. Following the sale, the executive vice president owned 155,119 shares of the company’s stock, valued at $29,190,293.42. This trade represents a 3.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 260,542 shares of company stock valued at $49,910,995. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Trading Up 3.1%

NASDAQ:PANW opened at $149.40 on Friday. The company has a market cap of $121.91 billion, a PE ratio of 82.54, a price-to-earnings-growth ratio of 5.23 and a beta of 0.75. The company has a 50 day simple moving average of $175.36 and a two-hundred day simple moving average of $190.82. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, February 17th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same period last year, the business posted $0.81 EPS. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.650-3.700 EPS and its Q3 2026 guidance at 0.780-0.800 EPS. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PANW. BTIG Research reiterated a “buy” rating and issued a $200.00 target price on shares of Palo Alto Networks in a research note on Wednesday, February 18th. BMO Capital Markets decreased their price objective on shares of Palo Alto Networks from $230.00 to $200.00 and set an “outperform” rating for the company in a report on Wednesday, February 18th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Loop Capital cut their target price on Palo Alto Networks from $190.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, February 18th. Finally, Scotiabank restated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.62.

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.