Alta Park Capital LP Increases Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Alta Park Capital LP increased its Palo Alto Networks stake by 36.3% in the fourth quarter, buying 38,139 additional shares to bring its total to 143,139 shares worth about $26.4 million.
• Institutional interest remains high, with hedge funds and other institutional investors owning 79.82% of the company; several firms also boosted their positions, including Brighton Jones and Bison Wealth.
• Palo Alto Networks reported better-than-expected quarterly results, with EPS of $0.85 versus $0.79 expected and revenue of $3.0 billion, while analysts broadly remain bullish with an average target price of $306.59.

Alta Park Capital LP raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 36.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 143,139 shares of the network technology company's stock after buying an additional 38,139 shares during the period. Palo Alto Networks comprises about 3.2% of Alta Park Capital LP's investment portfolio, making the stock its 12th biggest holding. Alta Park Capital LP's holdings in Palo Alto Networks were worth $26,366,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC raised its stake 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 worth $1,230,000 after buying an additional 4,031 shares in the last quarter. Bison Wealth LLC raised its stake in Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after buying an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC raised its stake in Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after buying an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. raised its stake in Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after buying an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in Palo Alto Networks by 6.0% during the second 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. Hedge funds and other institutional investors own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 536 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $280.00, for a total transaction of $150,080.00. Following the completion of the sale, the director directly owned 7,704 shares in the company, valued at approximately $2,157,120. This trade represents a 6.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares of the company's stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 101,044 shares of company stock worth $26,022,722 in the last 90 days. Insiders own 1.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on PANW. HSBC upped their price objective on shares of Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Robert W. Baird set a $320.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. BTIG Research upped their price objective on shares of Palo Alto Networks from $268.00 to $333.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Mizuho upped their price objective on shares of Palo Alto Networks from $265.00 to $305.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group restated a "buy" rating and issued a $330.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks currently has an average rating of "Moderate Buy" and an average target price of $306.59.

Palo Alto Networks Stock Up 0.8%

NASDAQ:PANW opened at $282.13 on Thursday. The firm has a market cap of $229.94 billion, a P/E ratio of 231.25, a P/E/G ratio of 10.39 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95. The firm has a 50-day simple moving average of $223.60 and a two-hundred day simple moving average of $191.30.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks's revenue was up 31.1% compared to the same quarter last year. During the same period last 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. Analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

About Palo Alto Networks

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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