Hartline Investment Corp Increases Stake in Palo Alto Networks, Inc. $PANW

Key Points

• Hartline Investment Corp increased its stake in Palo Alto Networks by 2.8%, owning 47,899 shares valued at approximately $9.8 million, making it the 20th largest holding in their portfolio.
• Several analysts have updated their price targets for Palo Alto Networks, with Morgan Stanley and Mizuho setting new targets at $216 and $220 respectively, while Oppenheimer raised it to $245.
• Palo Alto Networks reported earnings of $0.95 per share, exceeding analysts' expectations, along with a revenue of $2.54 billion, reflecting a 15.8% year-over-year increase.

Hartline Investment Corp raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.8% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 47,899 shares of the network technology company's stock after purchasing an additional 1,320 shares during the period. Palo Alto Networks accounts for approximately 1.1% of Hartline Investment Corp's portfolio, making the stock its 20th biggest holding. Hartline Investment Corp's holdings in Palo Alto Networks were worth $9,802,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PANW. HWG Holdings LP acquired a new stake in shares of Palo Alto Networks in the 1st quarter worth $31,000. Dagco Inc. acquired a new stake in shares of Palo Alto Networks in the 1st quarter worth $33,000. Marshall & Sullivan Inc. WA acquired a new stake in shares of Palo Alto Networks in the 2nd quarter worth $41,000. WPG Advisers LLC acquired a new stake in shares of Palo Alto Networks in the 1st quarter worth $37,000. Finally, Strategic Investment Solutions Inc. IL increased its stake in shares of Palo Alto Networks by 58.9% in the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock worth $38,000 after acquiring an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Morgan Stanley raised their price objective on Palo Alto Networks from $210.00 to $216.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Mizuho raised their price objective on Palo Alto Networks from $210.00 to $220.00 and gave the stock an "outperform" rating in a research report on Friday. Oppenheimer raised their price objective on Palo Alto Networks from $225.00 to $245.00 and gave the stock an "outperform" rating in a research report on Friday. Cantor Fitzgerald reissued an "overweight" rating and set a $223.00 price objective on shares of Palo Alto Networks in a research report on Friday, August 15th. Finally, Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a research report on Tuesday, July 29th. Thirty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and an average price target of $216.60.

Palo Alto Networks Stock Up 1.2%

PANW stock opened at $207.89 on Friday. The business has a 50 day moving average price of $196.80 and a 200 day moving average price of $190.29. The stock has a market cap of $139.06 billion, a price-to-earnings ratio of 129.53, a PEG ratio of 4.89 and a beta of 0.98. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $217.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate 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 firm's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 earnings per share. 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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Activity at Palo Alto Networks

In other news, CEO Nikesh Arora sold 846,408 shares of the business's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer owned 275,013 shares of the company's stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares in the company, valued at $19,629,805.65. This represents a 4.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock valued at $260,687,367 over the last 90 days. 2.50% of the stock is owned by insiders.

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.

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