Flputnam Investment Management Co. Makes New $80.22 Million Investment in Palo Alto Networks, Inc. $PANW

Key Points

• Flputnam Investment Management purchased 235,239 shares of Palo Alto Networks valued at approximately $80.22 million, making PANW about 1% of its portfolio and its 20th-largest holding.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $339.61; 41 analysts rate the stock Buy or Strong Buy.
• Palo Alto Networks exceeded quarterly expectations, reporting $0.85 in EPS and $3.0 billion in revenue, up 31.1% year over year. The stock opened at $384.27, near its 12-month high of $398.88.

Flputnam Investment Management Co. purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 235,239 shares of the network technology company's stock, valued at approximately $80,221,000. Palo Alto Networks makes up approximately 1.0% of Flputnam Investment Management Co.'s portfolio, making the stock its 20th largest position.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its stake in 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 in the last quarter. Bison Wealth LLC increased its position in Palo Alto Networks by 169.1% in 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 raised its stake in shares of 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 in the last quarter. Osterweis Capital Management Inc. raised its stake in shares of Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Palo Alto Networks by 6.0% during 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 buying an additional 249 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on PANW shares. Rosenblatt Securities boosted their price target on Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. UBS Group set a $300.00 price objective on shares of Palo Alto Networks and gave the company a "neutral" rating in a research report on Wednesday, June 3rd. BNP Paribas Exane lifted their target price on shares of Palo Alto Networks from $330.00 to $380.00 and gave the company an "outperform" rating in a research note on Wednesday, July 1st. Wedbush boosted their target price 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. Finally, Cantor Fitzgerald set a $340.00 price target on shares of Palo Alto Networks and gave the stock an "overweight" rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $339.61.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $384.27 on Monday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average price of $328.02 and a two-hundred day moving average price of $235.70. The stock has a market capitalization of $313.18 billion, a P/E ratio of 314.98, a PEG ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $3 billion during the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the previous year, the company earned $0.37 earnings per share. 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. Equities analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James J. Goetz sold 20,000 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 101,239 shares of company stock worth $27,174,360. Insiders own 1.40% of the company's stock.

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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