Adage Capital Partners GP L.L.C. Grows Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Adage Capital Partners GP L.L.C. increased its stock position in Palo Alto Networks, acquiring 11,900 additional shares, bringing its total holdings to approximately 559,800 shares worth about $95.5 million.
• Palo Alto Networks reported $2.54 billion in revenue for the recent quarter, exceeding analyst expectations and showing a 15.8% year-over-year growth.
• Several analysts have set optimistic price targets for Palo Alto Networks, with estimates ranging from $215.00 to $235.00, reflecting a consensus rating of "Moderate Buy."

Adage Capital Partners GP L.L.C. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 559,800 shares of the network technology company's stock after buying an additional 11,900 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Palo Alto Networks worth $95,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Paragon Private Wealth Management LLC increased its position in Palo Alto Networks by 20.0% in the first quarter. Paragon Private Wealth Management LLC now owns 3,843 shares of the network technology company's stock worth $656,000 after buying an additional 641 shares during the last quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. increased its position in Palo Alto Networks by 1.4% in the first quarter. Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. now owns 13,870 shares of the network technology company's stock worth $2,367,000 after buying an additional 190 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its position in Palo Alto Networks by 13.3% in the first quarter. Federation des caisses Desjardins du Quebec now owns 258,089 shares of the network technology company's stock worth $44,041,000 after buying an additional 30,219 shares during the last quarter. Dark Forest Capital Management LP purchased a new stake in Palo Alto Networks in the first quarter worth $9,541,000. Finally, EP Wealth Advisors LLC increased its position in Palo Alto Networks by 12.9% in the first quarter. EP Wealth Advisors LLC now owns 120,213 shares of the network technology company's stock worth $20,513,000 after buying an additional 13,705 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $190.52 on Wednesday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The business has a 50-day simple moving average of $188.91 and a 200 day simple moving average of $185.96. The stock has a market cap of $127.04 billion, a price-to-earnings ratio of 118.70, a PEG ratio of 4.55 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The firm'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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the completion of the sale, the executive vice president owned 206,718 shares of the company's stock, valued at $35,468,674.44. The trade was a 36.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Monday, June 23rd. The stock was sold at an average price of $201.85, for a total value of $1,009,250.00. Following the sale, the executive vice president directly owned 101,135 shares of the company's stock, valued at approximately $20,414,099.75. This trade represents a 4.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,648 shares of company stock valued at $83,548,499 in the last ninety days. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on PANW. Royal Bank Of Canada reiterated an "outperform" rating and issued a $232.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a research report on Tuesday, July 29th. Piper Sandler upgraded Palo Alto Networks from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. DA Davidson reiterated a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Finally, Barclays reiterated an "overweight" rating and issued a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $211.68.

Palo Alto Networks Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.