Ieq Capital LLC Grows Stock Holdings in Palo Alto Networks, Inc. $PANW

Ieq Capital LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 14.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 204,710 shares of the network technology company's stock after purchasing an additional 25,701 shares during the period. Ieq Capital LLC's holdings in Palo Alto Networks were worth $37,708,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the second quarter valued at approximately $25,000. Knuff & Co LLC purchased a new position in shares of Palo Alto Networks during the fourth quarter valued at approximately $26,000. Steph & Co. raised its holdings in shares of Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company's stock valued at $26,000 after purchasing an additional 67 shares during the last quarter. Sittner & Nelson LLC raised its holdings in shares of Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after purchasing an additional 62 shares during the last quarter. Finally, Winch Advisory Services LLC raised its holdings in shares of Palo Alto Networks by 96.1% during the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company's stock valued at $30,000 after purchasing an additional 73 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

PANW opened at $279.62 on Friday. The firm has a market cap of $227.89 billion, a P/E ratio of 229.20, a PEG ratio of 10.38 and a beta of 0.94. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $302.95. The company has a 50 day simple moving average of $216.44 and a two-hundred day simple moving average of $189.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

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

Insider Activity

In related news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total transaction of $802,100.00. Following the completion of the transaction, the executive vice president owned 150,250 shares in the company, valued at approximately $24,103,105. This represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 62,904 shares of the company's stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following 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 have sold 81,044 shares of company stock valued at $20,424,722 in the last quarter. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on PANW shares. Berenberg Bank upped their target price on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Palo Alto Networks from $220.00 to $350.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Piper Sandler reaffirmed an "overweight" rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Rosenblatt Securities upped their target price on shares of Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Finally, Truist Financial upped their target price on shares of Palo Alto Networks from $275.00 to $375.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of "Moderate Buy" and an average price target of $306.59.

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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