Palo Alto Networks, Inc. $PANW Shares Acquired by Abacus FCF Advisors LLC

Key Points

• Abacus FCF Advisors LLC has increased its holdings in Palo Alto Networks by 4.5%, purchasing an additional 3,958 shares, bringing its total to 92,371 shares valued at approximately $18.9 million.
• Analysts remain bullish on Palo Alto Networks, with 29 rating it as a Buy and a consensus price target of $212.39, while recent reports range from $205 to $235 for target prices.
• Palo Alto Networks reported earnings of $0.95 per share for the last quarter, exceeding expectations and marking a year-over-year revenue increase of 15.8%.

Abacus FCF Advisors LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 4.5% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,371 shares of the network technology company's stock after purchasing an additional 3,958 shares during the quarter. Palo Alto Networks comprises approximately 2.6% of Abacus FCF Advisors LLC's holdings, making the stock its 8th largest holding. Abacus FCF Advisors LLC's holdings in Palo Alto Networks were worth $18,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in PANW. Capital A Wealth Management LLC purchased a new stake in Palo Alto Networks in the 4th quarter worth about $29,000. HWG Holdings LP bought a new position in shares of Palo Alto Networks during the first quarter valued at approximately $31,000. Dagco Inc. acquired a new stake in Palo Alto Networks in the first quarter valued at approximately $33,000. SWAN Capital LLC boosted its stake in Palo Alto Networks by 100.0% in the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Finally, WPG Advisers LLC purchased a new position in shares of Palo Alto Networks in the first quarter worth $37,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock traded down $4.62 during trading hours on Tuesday, reaching $203.57. 3,706,320 shares of the company were exchanged, compared to its average volume of 6,390,901. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39. The stock's fifty day moving average is $188.95 and its 200 day moving average is $186.78. The firm has a market cap of $136.16 billion, a PE ratio of 126.83, a PEG ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company earned $0.75 earnings per share. The company's revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In related news, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the transaction, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the transaction, the executive vice president owned 177,954 shares of the company's stock, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 563,622 shares of company stock valued at $105,459,528. 2.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

PANW has been the subject of a number of recent research reports. New Street Research lifted their price objective on Palo Alto Networks from $235.00 to $240.00 and gave the company a "buy" rating in a research note on Friday, September 12th. Barclays restated an "overweight" rating and issued a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. BMO Capital Markets lifted their price objective on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Bank of America upgraded Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a report on Tuesday, August 19th. Finally, KeyCorp lowered shares of Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $212.39.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.