BIP Wealth LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Key Points

• BIP Wealth LLC acquired 10,240 shares of Palo Alto Networks during the second quarter, valued at approximately $3.49 million. Institutional investors collectively own 79.82% of PANW’s outstanding stock.
• Palo Alto Networks reported quarterly adjusted EPS of $0.85, exceeding the $0.79 consensus estimate, while revenue reached $3 billion and grew 31.1% year over year.
• The stock opened at $384.27, near its 52-week high, despite recent insider selling. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $339.61.

BIP Wealth LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,240 shares of the network technology company's stock, valued at approximately $3,492,000.

A number of other institutional investors also recently modified their holdings of PANW. Vanguard Group Inc. increased its position in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares during the period. State Street Corp raised its stake in Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock worth $5,587,100,000 after buying an additional 594,789 shares in the last quarter. Bank of America Corp DE lifted its holdings in Palo Alto Networks by 16.0% in the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the period. Geode Capital Management LLC lifted 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 period. Finally, Norges Bank bought a new stake in Palo Alto Networks during the 4th quarter valued at approximately $1,415,364,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Down 3.0%

NASDAQ PANW opened at $384.27 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. 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 company has a market capitalization of $313.18 billion, a P/E ratio of 314.98, a price-to-earnings-growth ratio of 13.29 and a beta of 0.91. The stock's 50-day moving average price is $328.02 and its 200-day moving average price is $235.34.

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. The company 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 firm's revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $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. On average, equities research analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 1,100 shares of the company's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James J. Goetz sold 20,000 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 in the last three months. Corporate insiders own 1.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PANW shares. UBS Group set a $300.00 target price on Palo Alto Networks and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Northland Securities upped their price target on Palo Alto Networks from $190.00 to $302.00 and gave the stock a "market perform" rating in a research note on Wednesday, June 3rd. Wolfe Research reaffirmed an "outperform" rating and issued a $320.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Stephens raised their price objective on Palo Alto Networks from $180.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 3rd. Finally, William Blair restated an "outperform" rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $339.61.

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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