B. Metzler seel. Sohn & Co. AG lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 946,277 shares of the network technology company’s stock after purchasing an additional 16,950 shares during the quarter. Palo Alto Networks accounts for 1.7% of B. Metzler seel. Sohn & Co. AG’s investment portfolio, making the stock its 15th largest holding. B. Metzler seel. Sohn & Co. AG owned 0.14% of Palo Alto Networks worth $192,681,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the business. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks in the second quarter valued at approximately $25,000. Howard Hughes Medical Institute bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $29,000. Winch Advisory Services LLC increased its position in Palo Alto Networks by 96.1% in the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock worth $30,000 after buying an additional 73 shares during the last quarter. MTM Investment Management LLC purchased a new stake in Palo Alto Networks in the 2nd quarter worth about $31,000. Finally, Caitlin John LLC bought a new stake in shares of Palo Alto Networks in the third quarter valued at approximately $31,000. Institutional investors own 79.82% of the company’s stock.
Palo Alto Networks Price Performance
Shares of Palo Alto Networks stock opened at $165.05 on Friday. The company has a 50-day moving average of $171.66 and a 200 day moving average of $190.15. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $223.61. The firm has a market cap of $134.68 billion, a price-to-earnings ratio of 91.19, a PEG ratio of 5.96 and a beta of 0.78.
Analyst Ratings Changes
Several research analysts have commented on the company. Robert W. Baird set a $220.00 target price on Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday, February 18th. Piper Sandler restated an “overweight” rating and set a $265.00 price target (up from $230.00) on shares of Palo Alto Networks in a research report on Monday, January 5th. Weiss Ratings restated a “hold (c)” rating on shares of Palo Alto Networks in a report on Monday, December 29th. Loop Capital dropped their target price on Palo Alto Networks from $190.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, February 18th. Finally, Northland Securities raised their price target on shares of Palo Alto Networks from $177.00 to $190.00 and gave the stock a “market perform” rating in a report on Thursday, November 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $210.19.
Get Our Latest Stock Report on PANW
Insider Activity
In related news, EVP Dipak Golechha sold 5,000 shares of the firm’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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lee Klarich sold 120,768 shares of Palo Alto Networks stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $191.03, for a total value of $23,070,311.04. Following the completion of the sale, the executive vice president directly owned 298,887 shares of the company’s stock, valued at approximately $57,096,383.61. The trade was a 28.78% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 139,068 shares of company stock worth $26,600,684. Corporate insiders own 1.40% of the company’s stock.
About Palo Alto Networks
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.
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