Kirtland Hills Capital Management LLC Acquires New Position in Palo Alto Networks, Inc. $PANW

Key Points

• Kirtland Hills Capital Management acquired 10,003 Palo Alto Networks shares worth approximately $3.4 million, making PANW 1% of its portfolio. Institutional investors collectively own 79.82% of the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $362.67, though Guggenheim downgraded the stock to “Reduce.”
• PANW recently traded at $358.04 and reported quarterly EPS of $0.85 on $3 billion in revenue, beating estimates while revenue grew 31.1% year over year; insiders sold about $10.8 million of shares in the last quarter.

Kirtland Hills Capital Management LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,003 shares of the network technology company's stock, valued at approximately $3,411,000. Palo Alto Networks makes up 1.0% of Kirtland Hills Capital Management LLC's investment portfolio, making the stock its 28th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks in the 2nd quarter valued at $25,000. Knuff & Co LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter worth $26,000. Sittner & Nelson LLC lifted its position in shares of 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 last quarter. N.E.W. Advisory Services LLC acquired a new stake in Palo Alto Networks in the second quarter valued at about $27,000. Finally, Luken Investment Analytics LLC boosted its stake in Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock valued at $28,000 after buying an additional 102 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the sale, the director owned 20,000 shares in the company, valued at approximately $5,598,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were 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 disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,935 shares of company stock valued at $10,809,461 over the last quarter. 1.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Barclays reissued an "overweight" rating and set a $370.00 target price (up from $315.00) on shares of Palo Alto Networks in a research note on Wednesday, August 5th. Citigroup reaffirmed a "market outperform" rating on shares of Palo Alto Networks in a report on Wednesday, August 12th. Truist Financial set a $435.00 price objective on shares of Palo Alto Networks and gave the stock a "buy" rating in a research report on Wednesday. Guggenheim downgraded shares of Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research note on Wednesday, May 27th. Finally, JPMorgan Chase & Co. raised their target price on shares of Palo Alto Networks from $200.00 to $300.00 and gave the company an "overweight" rating in a research report on Monday, June 1st. One 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 assigned a Sell rating to the company's stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus price target of $362.67.

Palo Alto Networks Stock Up 2.4%

NASDAQ:PANW opened at $358.04 on Friday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year 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 company has a market cap of $291.80 billion, a PE ratio of 293.48, a P/E/G ratio of 12.02 and a beta of 0.91. The firm's 50 day simple moving average is $337.38 and its 200 day simple moving average is $241.72.

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 (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts' expectations 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 company posted $0.37 EPS. 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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