Kingstone Capital Partners Texas LLC Takes $633.07 Million Position in Palo Alto Networks, Inc. $PANW

Key Points

• Kingstone Capital Partners Texas LLC has made a significant investment in Palo Alto Networks, Inc., acquiring approximately 3.1 million shares valued at around $633 million.
• Several other institutional investors have also increased their stakes in Palo Alto Networks, with hedge funds collectively owning 79.82% of the company's stock.
• Investment analysts have a generally positive outlook on the company, with twenty-nine analysts rating it as a buy and a consensus price target of $212.39.

Kingstone Capital Partners Texas LLC purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,093,570 shares of the network technology company's stock, valued at approximately $633,068,000. Kingstone Capital Partners Texas LLC owned about 0.46% of Palo Alto Networks at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in PANW. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Palo Alto Networks during the first quarter valued at $261,000. Strive Asset Management LLC grew its stake in shares of Palo Alto Networks by 16.6% in the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company's stock worth $358,000 after buying an additional 299 shares during the last quarter. GAMMA Investing LLC boosted its stake in Palo Alto Networks by 10.8% during 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 last quarter. Czech National Bank lifted its holdings in shares of Palo Alto Networks by 6.4% during the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company's stock valued at $33,119,000 after buying an additional 9,766 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in 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 worth $23,491,000 after purchasing an additional 10,180 shares during the period. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Up 1.2%

Palo Alto Networks stock traded up $2.51 during trading on Friday, hitting $208.19. The company had a trading volume of 8,643,982 shares, compared to its average volume of 5,444,992. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $210.39. The company's 50 day simple moving average is $188.60 and its 200-day simple moving average is $186.52. The stock has a market cap of $139.26 billion, a price-to-earnings ratio of 129.71, a price-to-earnings-growth ratio of 4.90 and a beta of 0.98.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. New Street Research lifted their target price on Palo Alto Networks from $235.00 to $240.00 and gave the stock a "buy" rating in a report on Friday, September 12th. Piper Sandler upgraded Palo Alto Networks from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. KeyCorp lowered Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a report on Thursday, July 31st. Guggenheim upped their target price on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a research report on Tuesday, August 19th. Finally, Sanford C. Bernstein set a $207.00 target price on Palo Alto Networks and gave the company an "outperform" rating in a research report on Tuesday, August 19th. Twenty-nine research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus target price of $212.39.

Insider Activity at Palo Alto Networks

In other news, EVP Lee Klarich sold 120,774 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total value of $23,081,119.14. Following the completion of the sale, the executive vice president directly owned 177,954 shares of the company's stock, valued at approximately $34,008,788.94. This represents a 40.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $184.20, for a total transaction of $128,940.00. Following the completion of the sale, the chief accounting officer directly owned 37,723 shares of the company's stock, valued at $6,948,576.60. The trade was a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 568,622 shares of company stock valued at $106,468,778 in the last ninety days. 2.50% of the stock is currently 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.