5,021 Shares in Palo Alto Networks, Inc. $PANW Purchased by Clear Harbor Asset Management LLC

Key Points

• Clear Harbor Asset Management purchased 5,021 Palo Alto Networks shares valued at approximately $1.7 million during the second quarter. Institutional investors and hedge funds collectively own 79.82% of PANW.
• Analysts remain broadly bullish, with 41 of 48 analysts rating the stock Buy or Strong Buy. The consensus rating is Moderate Buy, with an average price target of $362.67, while several firms recently raised their targets.
• Palo Alto Networks reported quarterly earnings of $0.85 per share, beating estimates of $0.79, while revenue rose 31.1% year over year to $3 billion. PANW opened at $358.04, near its 52-week high of $398.88, but carries a notably high P/E ratio of 293.48.

Clear Harbor Asset Management LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 5,021 shares of the network technology company's stock, valued at approximately $1,712,000.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of Palo Alto Networks during the second quarter valued at approximately $25,833,462,000. Vanguard Group Inc. raised its holdings in Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. State Street Corp lifted its position in Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock worth $5,587,100,000 after purchasing an additional 594,789 shares during the period. Bank of America Corp DE lifted its position in Palo Alto Networks by 16.0% in the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock valued at $2,934,935,000 after purchasing an additional 540,756 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PANW has been the topic of several research analyst reports. Wells Fargo & Company reiterated an "overweight" rating and set a $475.00 price target (up from $420.00) on shares of Palo Alto Networks in a research report on Monday, August 17th. Susquehanna restated a "positive" rating and issued a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Benchmark raised their target price on Palo Alto Networks from $270.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Oppenheimer reaffirmed an "outperform" rating and set a $400.00 target price (up from $350.00) on shares of Palo Alto Networks in a report on Tuesday, August 4th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One research 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $362.67.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $358.04 on Friday. The stock has a market capitalization of $291.80 billion, a P/E ratio of 293.48, a P/E/G ratio of 12.02 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. The business's fifty day moving average is $337.38 and its two-hundred day 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 released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company's revenue was up 31.1% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. 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, research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, Director Helle Thorning-Schmidt sold 700 shares of the company'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 completion of the sale, the director directly owned 5,898 shares of the company's stock, valued at $2,045,721.30. This represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares of the company's stock, valued at $5,598,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 37,935 shares of company stock valued at $10,809,461 over the last 90 days. 1.40% of the stock is owned by insiders.

Palo Alto Networks Company 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source