Park Avenue Securities LLC Acquires 5,741 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Park Avenue Securities LLC increased its holdings in Palo Alto Networks, Inc. by 10.6%, owning a total of 60,056 shares valued at approximately $12.29 million at the end of the last reporting period.
• Palo Alto Networks reported an earnings per share (EPS) of $0.95 for the last quarter, which exceeded analysts' expectations, with revenue up 15.8% year-over-year.
• The stock currently has a market capitalization of $139.26 billion and a consensus rating of "Moderate Buy" from analysts, with a target price of $212.39.

Park Avenue Securities LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 60,056 shares of the network technology company's stock after purchasing an additional 5,741 shares during the period. Park Avenue Securities LLC's holdings in Palo Alto Networks were worth $12,290,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Nuveen LLC purchased a new stake in Palo Alto Networks in the first quarter valued at approximately $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in Palo Alto Networks during the second quarter valued at approximately $633,068,000. GAMMA Investing LLC lifted its holdings in shares of Palo Alto Networks by 18,802.8% during the first quarter. GAMMA Investing LLC now owns 2,410,290 shares of the network technology company's stock valued at $411,292,000 after acquiring an additional 2,397,539 shares during the period. Goldman Sachs Group Inc. increased its position in Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company's stock worth $1,234,650,000 after purchasing an additional 2,134,735 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Palo Alto Networks by 77.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company's stock valued at $662,000,000 after acquiring an additional 1,688,432 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president owned 101,135 shares of the company's stock, valued at $20,414,099.75. The trade was a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the sale, the chief accounting officer owned 37,723 shares of the company's stock, valued at $6,948,576.60. This represents a 1.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 568,622 shares of company stock valued at $106,468,778. 2.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. BMO Capital Markets raised their price objective on Palo Alto Networks from $217.00 to $225.00 and gave the company an "outperform" rating in a research note on Tuesday, August 19th. Stephens restated an "equal weight" rating and set a $205.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Bank of America upgraded shares of Palo Alto Networks from a "neutral" rating to a "buy" rating and set a $215.00 target price on the stock in a research report on Tuesday, August 19th. UBS Group set a $185.00 price objective on shares of Palo Alto Networks and gave the company a "neutral" rating in a research note on Tuesday, August 12th. Finally, Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Twenty-nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $212.39.

Palo Alto Networks Stock Up 1.2%

NASDAQ PANW traded up $2.51 during midday trading on Friday, hitting $208.19. The company had a trading volume of 8,643,982 shares, compared to its average volume of 5,548,172. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The stock has a market cap of $139.26 billion, a price-to-earnings ratio of 129.71, a P/E/G ratio of 4.96 and a beta of 0.98. The firm has a fifty day simple moving average of $188.60 and a two-hundred day simple moving average of $186.59.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings data 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 analysts' expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm's revenue was up 15.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.