Arrowstreet Capital Limited Partnership Has $97.78 Million Stake in Palo Alto Networks, Inc. $PANW

Arrowstreet Capital Limited Partnership raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12,641.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 609,927 shares of the network technology company's stock after purchasing an additional 605,140 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.07% of Palo Alto Networks worth $97,783,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Brighton Jones LLC grew its stake in Palo Alto Networks by 147.7% during 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 increased 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 valued at $948,000 after acquiring an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC raised its position in Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after purchasing an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. raised its position in Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted 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 purchasing an additional 249 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Benchmark raised their target price on Palo Alto Networks from $270.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. TD Cowen reissued a "buy" rating and set a $330.00 price target (up from $255.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Sanford C. Bernstein upped their price objective on Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. BNP Paribas Exane raised their price objective on Palo Alto Networks from $330.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. Finally, Barclays reiterated an "overweight" rating and issued a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and an average price target of $331.48.

Insider Activity

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the firm's 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 directly owned 145,250 shares of the company's stock, 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. Over the last ninety days, insiders sold 101,239 shares of company stock worth $27,174,360. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Trading Down 0.6%

Shares of PANW stock opened at $323.79 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $368.80. The stock's fifty day simple moving average is $300.79 and its 200 day simple moving average is $217.58. 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 firm has a market capitalization of $263.89 billion, a P/E ratio of 265.40, a P/E/G ratio of 12.02 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results 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 business's quarterly revenue was up 31.1% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. 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, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

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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