10,048 Shares in Palo Alto Networks, Inc. $PANW Bought by K.J. Harrison & Partners Inc

Key Points

• K.J. Harrison & Partners bought 10,048 Palo Alto Networks shares worth approximately $3.43 million in the second quarter. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, and EPS of $0.85, beating analyst expectations of $0.79.
• Analysts maintain a largely positive outlook, with a consensus “Moderate Buy” rating and an average price target of $342.61, while insiders have sold 101,239 shares worth $27.2 million over the past 90 days.

K.J. Harrison & Partners Inc bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 10,048 shares of the network technology company's stock, valued at approximately $3,427,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of PANW. Janney Montgomery Scott LLC boosted its stake in Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after buying an additional 53,485 shares during the last quarter. Aviva PLC increased its stake in Palo Alto Networks by 5.4% in the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock worth $104,774,000 after acquiring an additional 29,230 shares during the last quarter. B&D White Capital Company LLC purchased a new stake in shares of Palo Alto Networks during the 1st quarter worth approximately $353,000. Bridgewater Advisors Inc. bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $2,159,000. Finally, Granite Islands Private Wealth LLC boosted its position in shares of Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after acquiring an additional 4,659 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Down 2.2%

Shares of PANW opened at $375.76 on Tuesday. The company has a market cap of $306.24 billion, a PE ratio of 308.00, a P/E/G ratio of 12.89 and a beta of 0.91. The business has a fifty day moving average of $330.20 and a 200 day moving average of $237.05. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (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 firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $0.37 EPS. The business'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. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Benchmark boosted their price target on shares of Palo Alto Networks from $270.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Evercore reiterated an "outperform" rating and set a $415.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, July 8th. Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Citizens Jmp boosted their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 12th. Finally, Scotiabank restated a "sector outperform" rating and set a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $342.61.

Insider Activity

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director owned 12,500 shares of the company's stock, valued at $3,490,500. This represents a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by corporate insiders.

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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