Faithward Advisors LLC Has $3.57 Million Stock Position in Palo Alto Networks, Inc. $PANW

Key Points

• Faithward Advisors LLC increased its stake in Palo Alto Networks by 26.5% in the first quarter, ending with 23,861 shares valued at about $3.57 million.
• Palo Alto Networks reported a strong quarter, with EPS of $0.85 beating estimates and revenue of $3.0 billion, up 31.1% year over year.
• Wall Street sentiment remains positive, with several analysts raising price targets and the stock carrying a Moderate Buy consensus target of $306.59.

Faithward Advisors LLC increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 26.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,861 shares of the network technology company's stock after purchasing an additional 4,995 shares during the period. Faithward Advisors LLC's holdings in Palo Alto Networks were worth $3,570,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of PANW. Darwin Wealth Management LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at about $25,000. Knuff & Co LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter worth approximately $26,000. Steph & Co. lifted its holdings in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company's stock worth $26,000 after acquiring an additional 67 shares during the period. Sittner & Nelson LLC boosted its position in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock worth $27,000 after acquiring an additional 62 shares in the last quarter. Finally, Winch Advisory Services LLC boosted its position in shares of Palo Alto Networks by 96.1% during the 3rd quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company's stock worth $30,000 after acquiring an additional 73 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other news, CEO Nikesh Arora bought 68,085 shares of the company's stock in a transaction on Friday, March 27th. The stock was purchased at an average cost of $146.87 per share, for a total transaction of $9,999,643.95. Following the completion of the transaction, the chief executive officer owned 343,394 shares of the company's stock, valued at $50,434,276.78. This trade represents a 24.73% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 101,389 shares of company stock worth $26,122,830. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $290.92 on Wednesday. The firm's fifty day moving average price is $233.33 and its two-hundred day moving average price is $194.05. The stock has a market cap of $237.10 billion, a PE ratio of 238.46, a PEG ratio of 10.63 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the prior year, the company earned $0.37 EPS. Palo Alto Networks's revenue 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. On average, equities analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Argus boosted their price objective on shares of Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Oppenheimer raised their target price on Palo Alto Networks from $275.00 to $350.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. TD Cowen reiterated a "buy" rating and issued a $330.00 price target (up from $255.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Barclays reissued an "overweight" rating and set a $315.00 price target (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $340.00 price objective on Palo Alto Networks in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $306.59.

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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