4,633 Shares in Palo Alto Networks, Inc. $PANW Bought by L2 Asset Management LLC

Key Points

• L2 Asset Management bought a new 4,633-share stake in Palo Alto Networks valued at approximately $1.58 million. Institutional investors collectively own 79.82% of PANW’s outstanding shares.
• Palo Alto Networks insiders sold 37,935 shares worth about $10.8 million over the past three months, while insiders retain only 1.40% of the company.
• The company exceeded quarterly earnings and revenue estimates, with EPS of $0.85 and revenue of $3 billion. Analysts maintain a “Moderate Buy” consensus with an average price target of $364, compared with the stock’s reported price of $350.90.

L2 Asset Management LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 4,633 shares of the network technology company's stock, valued at approximately $1,580,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth about $25,000. Knuff & Co LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at about $26,000. Solstein Capital LLC bought a new stake in Palo Alto Networks during the second quarter worth about $26,000. Sittner & Nelson LLC boosted its position in Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 62 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Palo Alto Networks during the second quarter valued at approximately $27,000. 79.82% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Aparna Bawa sold 290 shares of the company's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the transaction, the director owned 6,437 shares of the company's stock, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the sale, the director directly owned 20,000 shares of the company's stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 37,935 shares of company stock valued at $10,809,461. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Down 1.9%

PANW opened at $350.90 on Tuesday. The stock's fifty day simple moving average is $338.70 and its 200 day simple moving average is $243.49. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The stock has a market cap of $285.98 billion, a PE ratio of 287.62, a price-to-earnings-growth ratio of 12.00 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. 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, research analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. BTIG Research boosted their price target on Palo Alto Networks from $333.00 to $380.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Royal Bank Of Canada reissued an "outperform" rating and issued a $434.00 price objective (up from $330.00) on shares of Palo Alto Networks in a report on Friday, August 14th. BNP Paribas Exane raised their target price on shares of Palo Alto Networks from $330.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. William Blair restated an "outperform" rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Finally, Arete Research upped their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus target price of $364.00.

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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