Van Strum & Towne Inc. lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 96.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,647 shares of the network technology company's stock after acquiring an additional 12,088 shares during the period. Van Strum & Towne Inc.'s holdings in Palo Alto Networks were worth $3,951,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after buying an additional 4,031 shares during the last quarter. Bison Wealth LLC lifted its holdings in Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after acquiring an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after acquiring an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. boosted its stake in Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after acquiring an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC boosted its stake in Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock valued at $900,000 after acquiring an additional 249 shares during the period. 79.82% of the stock is currently owned by institutional investors.
Insider Activity at Palo Alto Networks
In related news, Director James J. Goetz sold 20,000 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction dated Monday, June 1st. The shares were 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 of the company's stock, valued at $23,272,790.88. This represents a 1.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on PANW. Evercore reiterated an "outperform" rating and set a $415.00 price target on shares of Palo Alto Networks in a research report on Wednesday, July 8th. Oppenheimer upped their price objective on Palo Alto Networks from $275.00 to $350.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Scotiabank reaffirmed a "sector outperform" rating and issued a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. William Blair reiterated an "outperform" rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. Finally, Susquehanna reissued a "positive" rating and set a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $327.74.
Check Out Our Latest Report on Palo Alto Networks
Palo Alto Networks Stock Performance
Shares of PANW stock opened at $358.68 on Monday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $368.80. The firm has a market capitalization of $292.32 billion, a price-to-earnings ratio of 294.00, a price-to-earnings-growth ratio of 13.32 and a beta of 0.91. The business has a 50 day simple moving average of $290.04 and a 200 day simple moving average of $212.48. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same period last year, the firm earned $0.37 EPS. The firm's 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, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.
About Palo Alto Networks
(
Free Report)
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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