<div id="readability-page-1">Assenagon Asset Management S.A. decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 65.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 63,291 shares of the network technology company's stock after selling 121,422 shares during the period. Assenagon Asset Management S.A.'s holdings in Palo Alto Networks were worth $12,887,000 at the end of the most recent reporting period.<div>Get Palo Alto Networks alerts:</div><ul><li>Top 3 Winter Stocks With Solid Growth Opportunities</li></ul>Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank acquired a new position in Palo Alto Networks in the 2nd quarter valued at about $675,865,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $633,068,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Palo Alto Networks by 77.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock worth $662,000,000 after acquiring an additional 1,688,432 shares during the period. ABN AMRO Bank N.V. acquired a new stake in shares of Palo Alto Networks in the second quarter worth approximately $340,883,000. Finally, Vanguard Group Inc. boosted its position in shares of Palo Alto Networks by 2.0% in the second quarter. Vanguard Group Inc. now owns 64,016,374 shares of the network technology company's stock worth $13,100,311,000 after acquiring an additional 1,240,830 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors. <h2>Analysts Set New Price Targets</h2>Several brokerages recently weighed in on PANW. DA Davidson set a $240.00 target price on Palo Alto Networks in a research report on Friday. Piper Sandler restated an &#34;overweight&#34; rating and issued a $230.00 price objective (up from $225.00) on shares of Palo Alto Networks in a report on Thursday, November 20th. BMO Capital Markets boosted their target price on Palo Alto Networks from $225.00 to $230.00 and gave the stock an &#34;outperform&#34; rating in a report on Monday, November 17th. Stephens increased their target price on shares of Palo Alto Networks from $205.00 to $215.00 and gave the stock an &#34;equal weight&#34; rating in a research report on Thursday, November 20th. Finally, Hsbc Global Res lowered shares of Palo Alto Networks from a &#34;hold&#34; rating to a &#34;moderate sell&#34; rating in a report on Thursday, November 20th. Thirty-one investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of &#34;Moderate Buy&#34; and a consensus target price of $226.20.<ul><li>Okta: Excuses to Sell Vs. Reasons to Buy</li></ul>Check Out Our Latest Research Report on PANW<h2>More Palo Alto Networks News</h2>Here are the key news stories impacting Palo Alto Networks this week:<ul> <li>Positive Sentiment: Major strategic deal — Palo Alto expanded its partnership with Google Cloud in a multibillion‑dollar agreement (reported as approaching $10B) that includes migrating key internal workloads and deepening cloud/AI security integration; this is being viewed as a material revenue and go‑to‑market catalyst. Google Cloud lands deal with Palo Alto Networks</li> <li>Positive Sentiment: Company release and partner messaging reinforce the Reuters report, highlighting expanded cloud + AI security offerings and joint go‑to‑market programs that could accelerate enterprise adoption. Palo Alto Networks and Google Cloud Forge Landmark Agreement</li> <li>Positive Sentiment: Analyst support increased — JPMorgan reinstated coverage with an Overweight rating and $235 PT, and other outlets noted a $250 price target lift, signaling renewed analyst conviction that could attract buyers. JPMorgan Reinstates Palo Alto Networks With Overweight Rating</li> <li>Positive Sentiment: Product momentum — Zacks highlights Cortex XSIAM landing larger deals and higher‑spend customers, implying a potential new growth engine that could lift ARR and margins over time. Can Cortex XSIAM Become Palo Alto Networks' Next Major Growth Engine?</li> <li>Neutral Sentiment: Investor attention and monitoring — Zacks notes elevated user interest and recent earnings was modestly followed by a small stock move; this keeps PANW on watch lists but doesn’t by itself change fundamentals. Palo Alto Networks, Inc. is Attracting Investor Attention</li> <li>Neutral Sentiment: Short‑term earnings context — a Zacks note observed the stock is only slightly up since the last earnings release, suggesting the market is parsing guidance and execution details rather than reacting strongly yet. Palo Alto (PANW) Up 0.4% Since Last Earnings Report</li> <li>Negative Sentiment: Insider selling — recent reports show insiders sold roughly $5M in PANW stock, which some investors interpret as a cautionary signal about near‑term insider confidence. Insiders At Palo Alto Networks Sold US$5.0m In Stock</li> </ul><h2>Insider Transactions at Palo Alto Networks</h2><ul><li>12 Analysts Just Raised CrowdStrike Targets—Here’s What They See Coming</li></ul>In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the transaction, the executive vice president directly owned 96,135 shares of the company's stock, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction on Wednesday, December 3rd. The stock was sold at an average price of $191.91, for a total value of $23,177,738.34. Following the completion of the sale, the executive vice president directly owned 327,645 shares in the company, valued at $62,878,351.95. This represents a 26.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,228,330 shares of company stock valued at $251,702,305 over the last three months. 1.40% of the stock is owned by company insiders. <h2>Palo Alto Networks Stock Performance</h2>Shares of PANW opened at $186.88 on Friday. The firm has a fifty day moving average of $201.95 and a 200-day moving average of $197.32. The company has a market cap of $130.26 billion, a price-to-earnings ratio of 118.28, a price-to-earnings-growth ratio of 4.40 and a beta of 0.79. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $223.61. Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Thursday, November 20th. The network technology company reported $0.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.04. Palo Alto Networks had a return on equity of 17.05% and a net margin of 11.69%.The business had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.46 billion. During the same period in the prior year, the company posted $1.56 EPS. The business's revenue for the quarter was up 15.7% compared to the same quarter last year. Analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year. <h2>Palo Alto Networks Company Profile</h2> (Free Report)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.<h2>Featured Stories</h2><ul><li>Five stocks we like better than Palo Alto Networks</li><li>Consumer Staples Stocks, Explained</li><li>Nike Beats on Earnings But Struggles in China and Faces Tariffs</li><li>The 3 Best Retail Stocks to Shop for in August</li><li>Is the AI Boom a Bubble? These 2 Dividend Stocks Say No</li><li>How to Calculate Return on Investment (ROI)</li><li>4 High-Potential ETFs for 2026: Small Caps, Space Stocks, and More</li></ul><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFOVw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UEFOVw"/>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.<h2>Should You Invest $1,000 in Palo Alto Networks Right Now?</h2>Before you consider Palo Alto Networks, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Palo Alto Networks wasn't on the list.While Palo Alto Networks currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here </div>

PANW

Assenagon Asset Management S.A. reduced its stake in Palo Alto Networks by 65.7% in Q3, now holding 63,291 shares worth $12.9 million. Other institutional investors, like Norges Bank and Kingstone Capital, have increased their positions. Analysts have set new price targets for Palo Alto Networks, with a consensus target of $226.20. The company recently expanded its partnership with Google Cloud, viewed as a significant revenue catalyst. Despite insider selling, the stock remains on watch lists due to strategic deals and analyst support.

Assenagon Asset Management S.A. Trims Stake in Palo Alto Networks, Inc. $PANW