Cibc World Market Inc. Purchases New Stake in Palo Alto Networks, Inc. $PANW

Key Points

• CIBC World Market purchased 200,411 Palo Alto Networks shares in the second quarter, valued at approximately $68.3 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, and earnings of $0.85 per share, exceeding analysts’ $0.79 estimate.
• Analysts maintain a broadly positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $362.67; however, insiders sold about $10.8 million of shares during the last quarter.

Cibc World Market Inc. purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 200,411 shares of the network technology company's stock, valued at approximately $68,344,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of 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 valued at $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bison Wealth LLC lifted its holdings in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after purchasing an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Palo Alto Networks by 66.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after purchasing an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. boosted its stake in Palo Alto Networks by 11,100.0% in the 2nd 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 during the period. Finally, Main Street Financial Solutions LLC boosted its stake in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock valued at $900,000 after purchasing an additional 249 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Up 0.0%

Shares of NASDAQ PANW opened at $358.04 on Monday. The company has a market cap of $291.80 billion, a price-to-earnings ratio of 293.48, a PEG ratio of 12.00 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The stock has a 50-day moving average price of $337.38 and a two-hundred day moving average price of $242.19.

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 the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $0.37 EPS. Palo Alto Networks's revenue for the quarter was up 31.1% on a year-over-year basis. 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, analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

PANW has been the topic of several research reports. Piper Sandler restated an "overweight" rating and issued a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Wedbush raised their price target on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Palo Alto Networks from $200.00 to $300.00 and gave the stock an "overweight" rating in a research note on Monday, June 1st. Citigroup reissued a "market outperform" rating on shares of Palo Alto Networks in a report on Wednesday, August 12th. Finally, Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $362.67.

Insider Buying and Selling

In other news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares of the company's stock, valued at approximately $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 20,000 shares of the company's stock, valued at $5,598,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 37,935 shares of company stock valued at $10,809,461. Corporate 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.

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