Aljian Capital Management LLC Invests $6.73 Million in Palo Alto Networks, Inc. $PANW

Aljian Capital Management LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 19,724 shares of the network technology company's stock, valued at approximately $6,726,000. Palo Alto Networks makes up about 1.2% of Aljian Capital Management LLC's holdings, making the stock its 11th biggest position.

Several other large investors have also recently added to or reduced their stakes in PANW. Janney Montgomery Scott LLC boosted its stake in shares of Palo Alto Networks by 15.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after purchasing an additional 53,485 shares in the last quarter. Aviva PLC boosted its position in Palo Alto Networks by 5.4% in the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock valued at $104,774,000 after buying an additional 29,230 shares in the last quarter. B&D White Capital Company LLC acquired a new stake in Palo Alto Networks in the first quarter valued at approximately $353,000. Bridgewater Advisors Inc. bought a new stake in shares of Palo Alto Networks during the second quarter worth $2,159,000. Finally, Granite Islands Private Wealth LLC increased its holdings in shares of Palo Alto Networks by 43.6% during the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock worth $2,453,000 after buying an additional 4,659 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 900 shares of the firm's stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the sale, the chief accounting officer owned 79,644 shares of the company's stock, valued at $27,477,180. This trade represents a 1.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares of the company's stock, valued at $42,058,590. This represents a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 100,839 shares of company stock valued at $27,079,580 in the last 90 days. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $374.14 on Wednesday. The business has a 50-day moving average price of $332.48 and a two-hundred day moving average price of $238.39. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The company has a market cap of $304.92 billion, a P/E ratio of 306.67, a PEG ratio of 12.89 and a beta of 0.91.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PANW. FBN Securities reissued an "outperform" rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. Citigroup reissued a "market outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, August 12th. Wedbush raised their price objective on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Robert W. Baird set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research note on Wednesday, June 3rd. One equities 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 assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of "Moderate Buy" and a consensus target price of $351.56.

Palo Alto Networks 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.

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