HBK Sorce Advisory LLC Makes New $2.77 Million Investment in Palo Alto Networks, Inc. $PANW

Key Points

• HBK Sorce Advisory LLC acquired 7,648 Palo Alto Networks shares during the second quarter, valued at approximately $2.77 million. Institutional investors collectively own 79.82% of PANW’s outstanding stock.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates by $0.06, while revenue reached $3 billion and rose 31.1% year over year. The company provided fiscal 2026 EPS guidance of $3.77–$3.79.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $339.61. However, insiders sold $27.17 million of stock over the past quarter, while PANW recently opened at $384.27.

HBK Sorce Advisory LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 7,648 shares of the network technology company's stock, valued at approximately $2,774,000.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the second quarter valued at $25,000. Knuff & Co LLC purchased a new stake in Palo Alto Networks during the 4th quarter worth $26,000. Sittner & Nelson LLC increased its stake in 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 buying an additional 62 shares during the period. Luken Investment Analytics LLC lifted its holdings in Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock worth $28,000 after buying an additional 102 shares in the last quarter. Finally, WHI TRUST Co LLC purchased a new position in Palo Alto Networks in the 4th quarter valued at about $28,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $384.27 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $313.18 billion, a price-to-earnings ratio of 314.98, a price-to-earnings-growth ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $398.88. The stock has a 50-day simple moving average of $328.02 and a 200 day simple moving average of $235.70.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 earnings per share. 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Insider Activity

In other news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction dated Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director directly owned 5,898 shares of the company's stock, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Aparna Bawa sold 290 shares of the business's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the sale, the director directly owned 6,437 shares of the company's stock, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 101,239 shares of company stock valued at $27,174,360 over the last quarter. 1.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PANW shares. TD Cowen restated a "buy" rating on shares of Palo Alto Networks in a research note on Thursday, August 6th. UBS Group set a $300.00 price target on Palo Alto Networks and gave the stock a "neutral" rating in a research note on Wednesday, June 3rd. HSBC raised their price objective on Palo Alto Networks from $114.00 to $207.00 in a research note on Thursday, June 4th. Piper Sandler restated an "overweight" rating and set a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group reiterated a "buy" rating and set a $330.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of "Moderate Buy" and an average price target of $339.61.

Palo Alto Networks 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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