Atreides Management LP Takes $90.07 Million Position in Palo Alto Networks, Inc. $PANW

Atreides Management LP purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 561,797 shares of the network technology company's stock, valued at approximately $90,067,000. Palo Alto Networks makes up 1.8% of Atreides Management LP's portfolio, making the stock its 16th biggest holding. Atreides Management LP owned about 0.07% of Palo Alto Networks as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock worth $12,512,533,000 after buying an additional 2,659,100 shares during the period. State Street Corp grew its holdings in shares of Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock valued at $5,587,100,000 after acquiring an additional 594,789 shares in the last quarter. Bank of America Corp DE increased its position in Palo Alto Networks by 11.9% in the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company's stock worth $3,568,964,000 after purchasing an additional 2,065,776 shares during the last quarter. Geode Capital Management LLC increased its holdings in Palo Alto Networks by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock worth $2,934,935,000 after buying an additional 540,756 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Palo Alto Networks during the 4th quarter worth $1,415,364,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 290 shares of the firm's stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the completion of the sale, the director owned 6,437 shares of the company's stock, valued at $2,244,839.38. This trade represents a 4.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the business's stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares of the company's stock, valued at approximately $27,477,180. This represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 101,239 shares of company stock valued at $27,174,360. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on PANW shares. Tigress Financial lifted their price target on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a "buy" rating in a research report on Wednesday, July 15th. Sanford C. Bernstein lifted their price objective on Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. FBN Securities reissued an "outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. TD Cowen reiterated a "buy" rating and issued a $330.00 price target (up from $255.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Evercore reaffirmed an "outperform" rating and set a $415.00 price objective on shares of Palo Alto Networks in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Palo Alto Networks presently has a consensus rating of "Moderate Buy" and a consensus price target of $331.48.

Palo Alto Networks Trading Up 0.5%

NASDAQ PANW opened at $319.00 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80. The stock's 50-day moving average is $303.77 and its 200-day moving average is $219.63. The firm has a market cap of $259.99 billion, a P/E ratio of 261.48, a P/E/G ratio of 11.78 and a beta of 0.91.

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 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share 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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