Delta Global Management LP Purchases New Holdings in Palo Alto Networks, Inc. $PANW

Delta Global Management LP acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 148,896 shares of the network technology company's stock, valued at approximately $23,871,000. Palo Alto Networks accounts for about 2.0% of Delta Global Management LP's portfolio, making the stock its 17th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. GSG Advisors LLC raised its stake in shares of Palo Alto Networks by 0.4% during the first quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company's stock worth $2,010,000 after purchasing an additional 51 shares during the last quarter. Outfitters Financial LLC grew its position in Palo Alto Networks by 1.7% in the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company's stock valued at $601,000 after buying an additional 55 shares during the last quarter. Ancora Advisors LLC increased its stake in Palo Alto Networks by 2.4% in the 3rd quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company's stock valued at $471,000 after buying an additional 55 shares during the period. PGIM Custom Harvest LLC raised its position in Palo Alto Networks by 1.4% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company's stock worth $786,000 after buying an additional 55 shares during the last quarter. Finally, Signal Advisors Wealth LLC raised its position in Palo Alto Networks by 4.8% during the 4th quarter. Signal Advisors Wealth LLC now owns 1,233 shares of the network technology company's stock worth $227,000 after buying an additional 56 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Down 0.6%

Shares of NASDAQ PANW opened at $323.79 on Friday. The stock has a market capitalization of $263.89 billion, a price-to-earnings ratio of 265.40, a price-to-earnings-growth ratio of 12.02 and a beta of 0.91. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $368.80. The firm has a 50-day moving average price of $300.79 and a 200 day moving average price of $217.58. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results 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. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The firm's revenue for the quarter was up 31.1% compared to the same quarter last year. 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the firm's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the transaction, the executive vice president owned 235,983 shares of the company's stock, valued at approximately $61,037,002.95. This represents a 21.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Jefferies Financial Group set a $335.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a report on Wednesday, June 3rd. Benchmark increased their price target on shares of Palo Alto Networks from $270.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Argus set a $425.00 price objective on shares of Palo Alto Networks in a research report on Tuesday. Piper Sandler reaffirmed an "overweight" rating and issued a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Wolfe Research reissued an "outperform" rating and set a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $331.48.

About Palo Alto Networks

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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