3,901 Shares in Palo Alto Networks, Inc. $PANW Purchased by Patron Partners LLC

Key Points

• Patron Partners LLC purchased 3,901 Palo Alto Networks shares worth approximately $1.33 million in the second quarter. Institutional investors and hedge funds collectively own 79.82% of PANW.
• Analysts remain broadly bullish, with an average rating of “Moderate Buy” and a $362.67 average price target; several firms recently raised their targets to between $400 and $415.
• Palo Alto Networks reported quarterly EPS of $0.85, exceeding estimates, while revenue rose 31.1% year over year to $3 billion. The stock opened at $358.04, although insiders sold roughly $10.8 million of shares over the past 90 days.

Patron Partners LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,901 shares of the network technology company's stock, valued at approximately $1,330,000.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Oppenheimer restated an "outperform" rating and issued a $400.00 price target (up from $350.00) on shares of Palo Alto Networks in a research note on Tuesday, August 4th. Scotiabank reissued a "sector outperform" rating and issued a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Citizens Jmp raised 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 research note on Wednesday, August 12th. Robert W. Baird set a $320.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Morgan Stanley set a $400.00 price target on shares of Palo Alto Networks in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average price target of $362.67.

Palo Alto Networks Trading Up 2.4%

PANW stock opened at $358.04 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company has a market capitalization of $291.80 billion, a PE ratio of 293.48, a price-to-earnings-growth ratio of 11.74 and a beta of 0.91. The company's 50-day simple moving average is $337.38 and its 200 day simple moving average is $241.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The business's revenue for the quarter was up 31.1% compared to the same quarter last year. 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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the firm's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the transaction, the director owned 5,898 shares in the company, valued at $2,045,721.30. This trade represents a 10.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the transaction, the chief accounting officer directly owned 79,644 shares of the company's stock, valued at $27,477,180. This represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,935 shares of company stock valued at $10,809,461 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

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.

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