Alpine Woods Capital Investors LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 10,567 shares of the network technology company's stock, valued at approximately $3,604,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trilogy Capital Inc. grew its position in shares of Palo Alto Networks by 1.8% in the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company's stock valued at $725,000 after purchasing an additional 37 shares during the last quarter. Wisconsin Wealth Advisors LLC raised its position in shares of Palo Alto Networks by 1.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company's stock worth $1,093,000 after purchasing an additional 38 shares during the last quarter. Orrstown Financial Services Inc. raised its position in shares of Palo Alto Networks by 1.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company's stock worth $1,090,000 after purchasing an additional 38 shares during the last quarter. GSG Advisors LLC lifted its stake in Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company's stock valued at $2,010,000 after buying an additional 51 shares in the last quarter. Finally, Outfitters Financial LLC boosted its stake in shares of Palo Alto Networks by 1.7% during the fourth quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company's stock valued at $601,000 after acquiring an additional 55 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.
Palo Alto Networks Trading Down 0.4%
PANW stock opened at $374.14 on Wednesday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company has a market cap of $304.92 billion, a price-to-earnings ratio of 306.67, a PEG ratio of 12.89 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $332.48 and a 200-day simple moving average of $238.39.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $0.37 earnings per share. The firm's quarterly 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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.
Insider Activity
In other news, Director James J. Goetz sold 20,000 shares of the firm's 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 transaction, the director owned 20,000 shares of the company's stock, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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 transaction, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. The trade was a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 100,839 shares of company stock valued at $27,079,580 over the last quarter. 1.40% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
PANW has been the subject of several analyst reports. The Goldman Sachs Group reissued a "buy" rating and issued a $330.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Argus set a $425.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, July 21st. Stephens upped their price objective on shares of Palo Alto Networks from $180.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Evercore restated an "outperform" rating and set a $415.00 target price on shares of Palo Alto Networks in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $351.56.
Read Our Latest Report on PANW
Palo Alto Networks Company Profile
(
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.
Further Reading
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