Mirador Capital Partners LP Buys 3,397 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Mirador Capital Partners LP increased its stake in Palo Alto Networks by 8.7%, acquiring an additional 3,397 shares in the second quarter, bringing its total ownership to 42,509 shares valued at approximately $8.7 million.
• Palo Alto Networks outperformed analysts' expectations with a Q2 EPS of $0.95 on revenue of $2.54 billion, showing a 15.8% increase in quarterly revenue compared to the previous year.
• Approximately 79.82% of Palo Alto Networks' stock is owned by institutional investors, highlighting significant confidence in the company's performance from major stakeholders.

Mirador Capital Partners LP raised its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 8.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 42,509 shares of the network technology company's stock after purchasing an additional 3,397 shares during the quarter. Palo Alto Networks accounts for 1.4% of Mirador Capital Partners LP's portfolio, making the stock its 19th biggest position. Mirador Capital Partners LP's holdings in Palo Alto Networks were worth $8,699,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC bought a new position in shares of Palo Alto Networks during the fourth quarter valued at about $29,000. HWG Holdings LP bought a new position in shares of Palo Alto Networks during the first quarter valued at about $31,000. Dagco Inc. bought a new position in Palo Alto Networks during the 1st quarter valued at approximately $33,000. SWAN Capital LLC raised its position in Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Finally, WPG Advisers LLC bought a new position in Palo Alto Networks during the 1st quarter valued at approximately $37,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Up 0.0%

Shares of PANW opened at $201.34 on Wednesday. The company has a market capitalization of $134.68 billion, a P/E ratio of 125.45, a price-to-earnings-growth ratio of 4.80 and a beta of 0.98. The firm has a 50 day moving average of $187.97 and a 200 day moving average of $186.09. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.06. The business had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company's quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated Wednesday, September 3rd. The stock was 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 in the company, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company's stock, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 569,422 shares of company stock valued at $106,629,618 over the last quarter. Corporate insiders own 2.50% of the company's stock.

Wall Street Analyst Weigh In

PANW has been the subject of a number of recent analyst reports. Jefferies Financial Group set a $235.00 target price on Palo Alto Networks in a report on Tuesday, July 29th. Morgan Stanley upped their target price on Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the stock a "buy" rating in a report on Tuesday, August 19th. TD Securities restated a "buy" rating and issued a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, May 21st. Finally, Northland Securities decreased their price target on shares of Palo Alto Networks from $210.00 to $177.00 and set a "market perform" rating for the company in a research note on Wednesday, May 21st. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $211.68.

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.

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