Palo Alto Networks, Inc. $PANW Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC significantly increased its holdings in Palo Alto Networks, Inc. by 481.6% during the 1st quarter, now owning 157,490 shares valued at approximately $26.87 million.
• Palo Alto Networks recently reported a 15.8% year-over-year revenue increase for the quarter, reaching $2.54 billion, exceeding analysts' expectations.
• The company's stock price has been experiencing positive momentum, recently opening at $185.88 and has a consensus target price of $211.52 among research analysts.

Jump Financial LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 481.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,490 shares of the network technology company's stock after purchasing an additional 130,413 shares during the quarter. Jump Financial LLC's holdings in Palo Alto Networks were worth $26,874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Palo Alto Networks in the 1st quarter valued at about $261,000. Rehmann Capital Advisory Group lifted its stake in shares of Palo Alto Networks by 106.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 2,378 shares of the network technology company's stock valued at $433,000 after purchasing an additional 1,226 shares during the period. GAMMA Investing LLC lifted its stake in shares of Palo Alto Networks by 10.8% in the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company's stock valued at $2,410,000 after purchasing an additional 1,374 shares during the period. Diligent Investors LLC lifted its stake in shares of Palo Alto Networks by 100.0% in the 4th quarter. Diligent Investors LLC now owns 3,430 shares of the network technology company's stock valued at $624,000 after purchasing an additional 1,715 shares during the period. Finally, Nisa Investment Advisors LLC lifted its stake in shares of Palo Alto Networks by 8.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 137,663 shares of the network technology company's stock valued at $23,491,000 after purchasing an additional 10,180 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Up 1.4%

Palo Alto Networks stock traded up $2.56 during trading on Friday, hitting $185.88. The stock had a trading volume of 6,857,662 shares, compared to its average volume of 14,233,472. The stock has a market cap of $123.94 billion, a price-to-earnings ratio of 115.81, a price-to-earnings-growth ratio of 4.53 and a beta of 0.94. The stock's 50 day moving average is $190.61 and its two-hundred day moving average is $186.32. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $0.75 earnings per share. The firm's revenue was up 15.8% compared to the same quarter last year. 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, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Activity at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Monday, August 4th. The shares were sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the transaction, the executive vice president owned 206,718 shares in the company, valued at approximately $35,468,674.44. The trade was a 36.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the completion of the transaction, the executive vice president directly owned 101,135 shares of the company's stock, valued at approximately $20,414,099.75. The trade was a 4.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 669,948 shares of company stock valued at $126,552,277. 2.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barclays reissued an "overweight" rating and issued a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Wells Fargo & Company boosted their target price on Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. UBS Group set a $185.00 target price on Palo Alto Networks and gave the company a "neutral" rating in a research report on Tuesday, August 12th. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a research report on Tuesday, July 29th. Finally, DA Davidson reaffirmed a "buy" rating and issued a $215.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $211.52.

Palo Alto Networks 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.