Pallas Capital Advisors LLC Takes Position in Palo Alto Networks, Inc. $PANW

Key Points

• Pallas Capital Advisors acquired 23,020 Palo Alto Networks shares worth approximately $7.85 million, while institutional investors collectively own 79.82% of PANW.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $342.61; several firms recently raised their targets, including Berenberg to $360 and Benchmark to $340.
• Palo Alto Networks exceeded quarterly expectations with adjusted EPS of $0.85 and revenue of $3 billion, up 31.1% year over year. However, insiders sold 101,239 shares worth $27.2 million over the past 90 days, and the stock trades at a high P/E ratio of 308.

Pallas Capital Advisors LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 23,020 shares of the network technology company's stock, valued at approximately $7,850,000.

A number of other large investors have also bought and sold shares of PANW. Vanguard Group Inc. increased its position in shares of Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. State Street Corp raised its holdings in shares of Palo Alto Networks by 2.0% during the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock worth $5,587,100,000 after acquiring an additional 594,789 shares during the period. Bank of America Corp DE lifted its position in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares in the last quarter. Geode Capital Management LLC lifted its position in Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock valued at $2,934,935,000 after acquiring an additional 540,756 shares in the last quarter. Finally, Norges Bank acquired a new position in Palo Alto Networks in the 4th quarter worth $1,415,364,000. 79.82% of the stock is owned by institutional investors.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the transaction, the chief accounting officer owned 81,636 shares in the company, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Key sold 7,500 shares of the business's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director directly owned 12,500 shares in the company, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock worth $27,174,360 over the last ninety days. Company insiders own 1.40% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. UBS Group set a $300.00 price target on Palo Alto Networks and gave the company a "neutral" rating in a research note on Wednesday, June 3rd. Berenberg Bank upped their price objective on Palo Alto Networks from $290.00 to $360.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Northland Securities increased their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the stock a "market perform" rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 target price on Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Benchmark boosted their target price on Palo Alto Networks from $270.00 to $340.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus target price of $342.61.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $375.76 on Tuesday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $330.20 and a 200 day simple moving average of $237.05. The stock has a market capitalization of $306.24 billion, a PE ratio of 308.00, 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 results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) 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 analyst estimates of $2.94 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. 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. On average, research analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

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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