Brandywine Managers LLC Takes $1.60 Million Position in Palo Alto Networks, Inc. $PANW

Brandywine Managers LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 4,689 shares of the network technology company's stock, valued at approximately $1,599,000. Palo Alto Networks accounts for approximately 0.8% of Brandywine Managers LLC's holdings, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in PANW. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the 2nd quarter worth about $25,000. Knuff & Co LLC acquired a new stake in Palo Alto Networks in the fourth quarter valued at approximately $26,000. Solstein Capital LLC purchased a new position in Palo Alto Networks during the 2nd quarter worth $26,000. Sittner & Nelson LLC grew its stake in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock worth $27,000 after acquiring an additional 62 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in Palo Alto Networks during the 2nd quarter valued at approximately $27,000. Institutional investors own 79.82% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on PANW. HSBC boosted their price target on Palo Alto Networks from $114.00 to $207.00 in a research note on Thursday, June 4th. Citigroup restated a "market outperform" rating on shares of Palo Alto Networks in a research report on Wednesday, August 12th. Stifel Nicolaus set a $415.00 price objective on Palo Alto Networks and gave the company a "buy" rating in a research report on Wednesday, August 19th. Susquehanna reissued a "positive" rating and set a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Barclays reiterated an "overweight" rating and set a $370.00 price target (up from $315.00) on shares of Palo Alto Networks in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus price target of $364.00.

Palo Alto Networks Trading Down 1.9%

Shares of NASDAQ PANW opened at $350.90 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $285.98 billion, a PE ratio of 287.62, a PEG ratio of 12.00 and a beta of 0.91. The stock has a fifty day simple moving average of $338.70 and a 200-day simple moving average of $243.49. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company's stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction dated 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 directly owned 79,644 shares of the company's stock, valued at $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,935 shares of company stock worth $10,809,461 over the last ninety days. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Company 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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source