M.D. Sass LLC Takes Position in Palo Alto Networks, Inc. $PANW

M.D. Sass LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 35,885 shares of the network technology company's stock, valued at approximately $12,238,000. Palo Alto Networks makes up 0.8% of M.D. Sass LLC's investment portfolio, making the stock its 23rd biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its position in Palo Alto Networks by 15.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after acquiring an additional 53,485 shares in the last quarter. Aviva PLC raised its stake in shares of Palo Alto Networks by 5.4% in the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock worth $104,774,000 after acquiring an additional 29,230 shares during the last quarter. B&D White Capital Company LLC acquired a new position in shares of Palo Alto Networks during the first quarter worth approximately $353,000. Bridgewater Advisors Inc. bought a new stake in shares of Palo Alto Networks during the second quarter valued at approximately $2,159,000. Finally, Granite Islands Private Wealth LLC grew its stake in shares of Palo Alto Networks by 43.6% during the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after purchasing an additional 4,659 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. William Blair restated an "outperform" rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Morgan Stanley set a $400.00 price objective on Palo Alto Networks in a research report on Monday. Truist Financial lifted their target price on Palo Alto Networks from $275.00 to $375.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Citizens Jmp boosted their target price on Palo Alto Networks from $320.00 to $415.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 12th. Finally, Arete Research upped their price target on Palo Alto Networks from $185.00 to $433.00 and gave the company a "buy" rating in a research note on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $351.56.

Palo Alto Networks Trading Down 0.4%

Shares of NASDAQ PANW opened at $374.14 on Wednesday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The firm has a market capitalization of $304.92 billion, a P/E ratio of 306.67, a P/E/G ratio of 12.89 and a beta of 0.91. 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's 50 day simple moving average is $332.48 and its 200 day simple moving average is $238.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business's quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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, analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director Aparna Bawa sold 290 shares of the company's stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the sale, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. The trade was a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 100,839 shares of company stock valued at $27,079,580 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Company 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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