Scge Management L.P. Acquires 437,000 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Scge Management L.P. increased its stake in Palo Alto Networks by 30.2% in Q1, making it the firm's 4th largest position, owning approximately 1.88 million shares valued at $321.7 million.
• The company's stock has seen a one-year price range from $144.15 to $210.39, currently trading at $194.46, with a market capitalization of $130.07 billion.
• Palo Alto Networks reported a quarterly EPS of $0.95, exceeding estimates, and a revenue of $2.54 billion, marking a 15.8% year-over-year growth.

Scge Management L.P. grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 30.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 1,885,000 shares of the network technology company's stock after purchasing an additional 437,000 shares during the period. Palo Alto Networks makes up about 9.3% of Scge Management L.P.'s portfolio, making the stock its 4th biggest position. Scge Management L.P. owned about 0.28% of Palo Alto Networks worth $321,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PANW. Brighton Jones LLC lifted its stake in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bank Pictet & Cie Europe AG lifted its stake in Palo Alto Networks by 115.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock valued at $8,004,000 after purchasing an additional 23,586 shares during the last quarter. Bison Wealth LLC grew its position in Palo Alto Networks by 169.1% during the 4th 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. CoreCap Advisors LLC grew its position in Palo Alto Networks by 104.3% during the 4th quarter. CoreCap Advisors LLC now owns 4,249 shares of the network technology company's stock worth $773,000 after acquiring an additional 2,169 shares during the last quarter. Finally, Clark Capital Management Group Inc. bought a new stake in Palo Alto Networks during the 4th quarter worth $278,000. Institutional investors own 79.82% of the company's stock.

Analysts Set New Price Targets

PANW has been the topic of a number of research reports. Needham & Company LLC restated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research report on Wednesday. BMO Capital Markets boosted their price objective on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 19th. Westpark Capital restated a "hold" rating on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Wells Fargo & Company boosted their price objective on Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. reduced their price objective on Palo Alto Networks from $225.00 to $221.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 21st. Twenty-eight analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $211.68.

Palo Alto Networks Stock Up 1.1%

Shares of NASDAQ PANW traded up $2.11 during trading on Friday, reaching $194.46. The company had a trading volume of 5,667,224 shares, compared to its average volume of 9,100,238. The company's fifty day moving average price is $188.33 and its 200-day moving average price is $185.62. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The stock has a market cap of $130.07 billion, a P/E ratio of 121.16, a PEG ratio of 4.64 and a beta of 0.98.

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

Insider Buying and Selling

In other news, EVP Lee Klarich sold 120,774 shares of the business's 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 transaction, the executive vice president directly owned 177,954 shares of the company's stock, valued at $34,008,788.94. The trade was a 40.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the transaction, the executive vice president directly owned 3,143,516 shares in the company, 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. Over the last quarter, insiders have sold 569,422 shares of company stock worth $106,629,618. Corporate insiders own 2.50% of the company's stock.

Palo Alto Networks Company 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.