Siren L.L.C. Boosts Stock Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Siren L.L.C. increased its stake in Palo Alto Networks by 91.7% in the first quarter, owning 11,500 shares valued at nearly $1.96 million.
• The stock has a consensus rating of "Moderate Buy" with an average price target of $211.68, according to 41 analysts.
• Insider transactions indicate significant selling activity, with executives selling a total of 569,422 shares valued at over $106 million in the last quarter.

Siren L.L.C. grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 91.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 11,500 shares of the network technology company's stock after buying an additional 5,500 shares during the period. Siren L.L.C.'s holdings in Palo Alto Networks were worth $1,962,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in PANW. Brighton Jones LLC raised its holdings in shares of Palo Alto Networks by 147.7% in the fourth 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. Bank Pictet & Cie Europe AG raised its holdings in shares of Palo Alto Networks by 115.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company's stock valued at $8,004,000 after buying an additional 23,586 shares during the last quarter. Bison Wealth LLC raised its holdings in shares of 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 valued at $948,000 after buying an additional 3,275 shares during the last quarter. Graham Capital Management L.P. raised its holdings in Palo Alto Networks by 26.2% during the fourth quarter. Graham Capital Management L.P. now owns 2,574 shares of the network technology company's stock worth $468,000 after purchasing an additional 535 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp raised its holdings in Palo Alto Networks by 142.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 26,718 shares of the network technology company's stock worth $4,862,000 after purchasing an additional 15,683 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 1.0%

Shares of PANW stock traded down $2.04 during trading hours on Friday, hitting $196.29. The company's stock had a trading volume of 4,429,693 shares, compared to its average volume of 7,988,031. The business has a fifty day moving average of $188.03 and a 200-day moving average of $185.94. The stock has a market cap of $131.30 billion, a price-to-earnings ratio of 122.30, a P/E/G ratio of 4.73 and a beta of 0.98. 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 released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company's quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. 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, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently issued reports on PANW. BMO Capital Markets increased their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. UBS Group set a $185.00 price target on shares of Palo Alto Networks and gave the stock a "neutral" rating in a report on Tuesday, August 12th. Bank of America raised shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 price target for the company in a report on Tuesday, August 19th. Barclays reissued an "overweight" rating and set a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Wells Fargo & Company increased their price target on shares of Palo Alto Networks from $225.00 to $235.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Twenty-eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.68.

Insider Activity

In related news, CAO Josh D. Paul sold 800 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $201.05, for a total transaction of $160,840.00. Following the transaction, the chief accounting officer owned 42,033 shares of the company's stock, valued at approximately $8,450,734.65. This represents a 1.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 569,422 shares of company stock worth $106,629,618. 2.50% of the stock is currently owned by corporate insiders.

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.