Palo Alto Networks, Inc. $PANW Stake Lifted by Trifecta Capital Advisors LLC

Trifecta Capital Advisors LLC increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 5.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,816 shares of the network technology company's stock after acquiring an additional 3,597 shares during the period. Palo Alto Networks makes up approximately 2.2% of Trifecta Capital Advisors LLC's investment portfolio, making the stock its 13th biggest position. Trifecta Capital Advisors LLC's holdings in Palo Alto Networks were worth $13,264,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vontobel Holding Ltd. lifted its position in Palo Alto Networks by 108.6% in the second quarter. Vontobel Holding Ltd. now owns 439,037 shares of the network technology company's stock worth $89,845,000 after purchasing an additional 228,610 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of Palo Alto Networks by 5.5% in the 2nd quarter. Maryland State Retirement & Pension System now owns 31,927 shares of the network technology company's stock worth $6,534,000 after buying an additional 1,673 shares in the last quarter. Ignite Planners LLC grew its holdings in Palo Alto Networks by 5.2% during the second quarter. Ignite Planners LLC now owns 7,162 shares of the network technology company's stock worth $1,402,000 after acquiring an additional 356 shares during the period. Castle Rock Wealth Management LLC grew its holdings in Palo Alto Networks by 0.4% during the second quarter. Castle Rock Wealth Management LLC now owns 22,918 shares of the network technology company's stock worth $4,596,000 after acquiring an additional 102 shares during the period. Finally, WoodTrust Financial Corp acquired a new position in Palo Alto Networks during the second quarter worth about $203,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PANW. Piper Sandler upgraded shares of Palo Alto Networks from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. Scotiabank upped their price target on Palo Alto Networks from $225.00 to $228.00 and gave the company a "sector outperform" rating in a report on Tuesday, August 19th. Guggenheim upped their price target on Palo Alto Networks from $130.00 to $135.00 and gave the company a "sell" rating in a report on Tuesday, August 19th. Rosenblatt Securities decreased their target price on Palo Alto Networks from $235.00 to $215.00 and set a "buy" rating on the stock in a report on Thursday, August 14th. Finally, BMO Capital Markets lifted their target price on Palo Alto Networks from $217.00 to $225.00 and gave the stock an "outperform" rating in a report on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $214.95.

Insiders Place Their Bets

In other news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the transaction, the executive vice president owned 96,135 shares of the company's stock, valued at approximately $19,629,805.65. This represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the business's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total value of $141,512.00. Following the transaction, the chief accounting officer owned 32,474 shares in the company, valued at $6,564,943.84. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,315,130 shares of company stock valued at $260,687,367 in the last 90 days. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Trading Up 3.2%

NASDAQ:PANW opened at $217.79 on Thursday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $217.94. The firm's fifty day simple moving average is $191.40 and its 200 day simple moving average is $188.81. The firm has a market capitalization of $145.68 billion, a PE ratio of 135.69, a PEG ratio of 5.02 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period in the prior year, the company earned $0.75 earnings per share. The business's quarterly revenue was up 15.8% compared to the same quarter last year. 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, analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal 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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.