Ieq Capital LLC Makes New $32.13 Million Investment in Palo Alto Networks, Inc. $PANW

Key Points

• Ieq Capital invested approximately $32.13 million in Palo Alto Networks during the second quarter by purchasing 94,219 shares. Institutional investors collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, and adjusted earnings of $0.85 per share, exceeding analysts’ expectations of $0.79.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $362.67. However, insiders sold nearly $10.8 million of stock over the past three months.

Ieq Capital LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 94,219 shares of the network technology company's stock, valued at approximately $32,131,000.

Other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC acquired a new position in Palo Alto Networks during the 2nd quarter worth $27,000. Comprehensive Financial Planning Inc. PA purchased a new stake in Palo Alto Networks during the 2nd quarter worth about $36,000. Kilter Group LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at about $39,000. Allied Private Wealth LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $38,000. Finally, Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $25,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $358.04 on Friday. The company's fifty day moving average price is $337.38 and its 200 day moving average price is $241.72. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $291.80 billion, a P/E ratio of 293.48, a P/E/G ratio of 11.74 and a beta of 0.91.

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 earnings per share for the quarter, beating 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 firm 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 quarterly 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. As a group, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PANW shares. BNP Paribas Exane upped their target price on shares of Palo Alto Networks from $330.00 to $380.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 1st. BMO Capital Markets reaffirmed an "outperform" rating and set a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a report on Thursday. Rosenblatt Securities upped their price objective on Palo Alto Networks from $275.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Loop Capital increased their price objective on Palo Alto Networks from $160.00 to $290.00 and gave the company a "hold" rating in a report on Wednesday, June 3rd. Finally, Arete Research raised their target price on Palo Alto Networks from $185.00 to $433.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks presently has an average rating of "Moderate Buy" and a consensus target price of $362.67.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president directly owned 145,250 shares of the company's stock, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aparna Bawa sold 290 shares of the company's stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the sale, the director directly owned 6,437 shares of the company's stock, valued at approximately $2,244,839.38. This trade represents a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 37,935 shares of company stock valued at $10,809,461. 1.40% of the stock is owned by insiders.

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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