Alamar Capital Management LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 7,543 shares of the network technology company's stock, valued at approximately $2,572,000. Palo Alto Networks makes up approximately 1.3% of Alamar Capital Management LLC's holdings, making the stock its 18th biggest position.
Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC grew its position in shares of Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after buying an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC grew its position in shares of Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after buying an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. raised its stake in Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after acquiring an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its stake in Palo Alto Networks by 6.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after acquiring an additional 249 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
PANW has been the subject of several research analyst reports. Cantor Fitzgerald set a $340.00 price objective on shares of Palo Alto Networks and gave the company an "overweight" rating in a research note on Wednesday, June 3rd. Northland Securities upped their target price on Palo Alto Networks from $190.00 to $302.00 and gave the company a "market perform" rating in a research report on Wednesday, June 3rd. William Blair restated an "outperform" rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. Citigroup reaffirmed a "market outperform" rating on shares of Palo Alto Networks in a research report on Wednesday, August 12th. Finally, Capital One Financial set a $421.00 price objective on Palo Alto Networks and gave the company an "overweight" rating in a research note on Thursday, July 16th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $351.56.
Check Out Our Latest Research Report on PANW
Insider Activity at Palo Alto Networks
In other news, EVP Lee Klarich sold 62,904 shares of the business's stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the transaction, the executive vice president directly owned 235,983 shares in the company, valued at $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director directly owned 20,000 shares of the company's stock, valued at $5,598,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 100,839 shares of company stock worth $27,079,580 in the last 90 days. Corporate insiders own 1.40% of the company's stock.
Palo Alto Networks Stock Performance
NASDAQ PANW opened at $374.14 on Wednesday. The firm has a market cap of $304.92 billion, a P/E ratio of 306.67, a P/E/G ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $398.88. The business's 50-day moving average price is $332.48 and its 200 day moving average price is $238.39. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.
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 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm's revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the business earned $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, equities research analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.
About Palo Alto Networks
(
Free Report)
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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