Maridea Wealth Management LLC Takes $4.25 Million Position in Palo Alto Networks, Inc. $PANW

Key Points

• Maridea Wealth Management acquired 12,478 Palo Alto Networks shares in the second quarter, worth approximately $4.25 million. Institutional investors and hedge funds collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, while adjusted earnings of $0.85 per share exceeded analysts’ $0.79 estimate.
• Wall Street maintains a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $339.61, though insiders sold more than 101,000 shares valued at approximately $27.2 million over the last quarter.

Maridea Wealth Management LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 12,478 shares of the network technology company's stock, valued at approximately $4,255,000.

A number of other hedge funds have also recently bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $25,000. Knuff & Co LLC acquired a new stake in Palo Alto Networks during the fourth quarter valued at approximately $26,000. Sittner & Nelson LLC boosted its holdings in Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock worth $27,000 after buying an additional 62 shares in the last quarter. Luken Investment Analytics LLC boosted its holdings in Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock worth $28,000 after buying an additional 102 shares in the last quarter. Finally, WHI TRUST Co LLC acquired a new position in Palo Alto Networks in the fourth quarter worth approximately $28,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Trading Down 3.0%

Palo Alto Networks stock opened at $384.27 on Friday. The company has a 50 day moving average price of $328.02 and a 200 day moving average price of $235.34. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $313.18 billion, a price-to-earnings ratio of 314.98, a P/E/G ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $2.94 billion. During the same period in the previous year, the company posted $0.37 EPS. The company'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. Research analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on PANW. BNP Paribas Exane upped their price target on Palo Alto Networks from $330.00 to $380.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Guggenheim cut Palo Alto Networks from a "neutral" rating to a "reduce" rating in a report on Wednesday, May 27th. Argus set a $425.00 target price on Palo Alto Networks in a report on Tuesday, July 21st. FBN Securities reaffirmed an "outperform" rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. Finally, Barclays reaffirmed an "overweight" rating and set a $370.00 target price (up from $315.00) on shares of Palo Alto Networks in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $339.61.

Insiders Place Their Bets

In related news, CAO Josh D. Paul sold 900 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the sale, the chief accounting officer directly owned 79,644 shares of the company's stock, valued at approximately $27,477,180. This represents a 1.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm'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 sale, the executive vice president owned 145,250 shares of the company's stock, valued at $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 over the last quarter. 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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