Siren L.L.C. Grows Position in Palo Alto Networks, Inc. $PANW

Key Points

• Siren L.L.C. increased its stake in Palo Alto Networks by 91.7% during the first quarter, owning 11,500 shares valued at approximately $1,962,000.
• Palo Alto Networks reported a 15.8% year-over-year increase in revenue for the last quarter, reaching $2.54 billion, and earnings per share of $0.95, surpassing estimates.
• Major brokerages have set price targets for Palo Alto Networks, with Royal Bank of Canada recommending an "outperform" rating and a target of $232.00, while analysts maintain a consensus rating of "Moderate Buy."

Siren L.L.C. boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 91.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the network technology company's stock after acquiring an additional 5,500 shares during the period. Siren L.L.C.'s holdings in Palo Alto Networks were worth $1,962,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PANW. Capital A Wealth Management LLC bought a new position in Palo Alto Networks during the 4th quarter worth about $29,000. HWG Holdings LP purchased a new stake in Palo Alto Networks during the 1st quarter worth approximately $31,000. Dagco Inc. purchased a new stake in Palo Alto Networks during the 1st quarter worth approximately $33,000. SWAN Capital LLC grew its position in Palo Alto Networks by 100.0% during the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock worth $36,000 after purchasing an additional 100 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL lifted its stake in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company's stock valued at $38,000 after acquiring an additional 83 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Insider Activity at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the business's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $171.58, for a total value of $20,722,402.92. Following the completion of the sale, the executive vice president owned 206,718 shares of the company's stock, valued at approximately $35,468,674.44. The trade was a 36.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president directly owned 3,143,516 shares of the company's stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 669,422 shares of company stock worth $126,452,337 in the last quarter. 2.50% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a research note on Tuesday, August 19th. TD Securities restated a "buy" rating and set a $230.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, May 21st. Wedbush restated an "outperform" rating and set a $225.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, July 29th. Finally, Westpark Capital reiterated a "hold" rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $211.52.

Palo Alto Networks Price Performance

NASDAQ PANW traded down $0.50 on Friday, hitting $190.52. The company had a trading volume of 5,189,897 shares, compared to its average volume of 11,148,018. The company has a market capitalization of $127.04 billion, a PE ratio of 118.70, a PEG ratio of 4.55 and a beta of 0.94. The company's fifty day moving average price is $189.39 and its 200-day moving average price is $186.17. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion during 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 firm's revenue was up 15.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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. On average, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

About Palo Alto Networks

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.