Palo Alto Networks, Inc. $PANW Shares Bought by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

Key Points

• CUSHING ASSET MANAGEMENT LP increased its stake in Palo Alto Networks, Inc. by 15.4% in Q2, owning 30,000 shares valued at approximately $6.14 million.
• A majority of analysts maintain a buy rating for Palo Alto Networks, with price targets ranging from $207.00 to $230.00, reflecting strong market confidence in the company's performance.
• Insider sales are noted, with EVP Nir Zuk selling 100,000 shares for $17.28 million, reducing his ownership by 3.08% while still holding over 3 million shares.

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 15.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,000 shares of the network technology company's stock after purchasing an additional 4,000 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings in Palo Alto Networks were worth $6,139,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after acquiring an additional 4,031 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in Palo Alto Networks by 115.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock valued at $8,004,000 after acquiring an additional 23,586 shares during the period. Bison Wealth LLC grew its stake in shares of 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 in the last quarter. State of Wyoming acquired a new position in shares of Palo Alto Networks in the fourth quarter valued at about $190,000. Finally, Vise Technologies Inc. increased its position in shares of Palo Alto Networks by 209.3% in the fourth quarter. Vise Technologies Inc. now owns 4,809 shares of the network technology company's stock worth $875,000 after purchasing an additional 3,254 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Performance

PANW traded down $0.01 during trading on Monday, hitting $208.18. 5,465,346 shares of the stock were exchanged, compared to its average volume of 5,548,172. The firm has a 50 day simple moving average of $188.95 and a 200 day simple moving average of $186.78. The firm has a market cap of $139.25 billion, a price-to-earnings ratio of 129.71, a P/E/G ratio of 4.96 and a beta of 0.98. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The firm had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PANW. Westpark Capital reissued a "hold" rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Royal Bank Of Canada reissued an "outperform" rating and issued a $232.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Bank of America raised Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price objective on the stock in a report on Tuesday, August 19th. Cantor Fitzgerald restated an "overweight" rating and issued a $223.00 target price on shares of Palo Alto Networks in a research note on Friday, August 15th. Finally, Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $212.39.

Insider Transactions at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the transaction, the executive vice president owned 177,954 shares of the company's stock, valued at $34,008,788.94. This represents a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the transaction, the chief accounting officer directly owned 37,723 shares in the company, valued at $6,948,576.60. This trade represents a 1.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 563,622 shares of company stock worth $105,459,528 in the last ninety days. Insiders own 2.50% of the company's stock.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.