Palo Alto Networks, Inc. $PANW Stock Holdings Increased by Thurston Springer Miller Herd & Titak Inc.

Key Points

• Thurston Springer Miller Herd & Titak Inc. increased its holdings in Palo Alto Networks by 12.5% during the second quarter, now owning 15,178 shares valued at approximately $3.1 million.
• Palo Alto Networks has received several analyst upgrades, with Morgan Stanley raising its price target from $210 to $216, contributing to a consensus price target of $211.68.
• Insiders at Palo Alto Networks sold a total of 569,422 shares valued at over $106 million in the past three months, with notable sales by both the CAO and EVP indicating fluctuating investor sentiment.

Thurston Springer Miller Herd & Titak Inc. lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 12.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,178 shares of the network technology company's stock after purchasing an additional 1,685 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in Palo Alto Networks were worth $3,106,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Capital A Wealth Management LLC purchased a new stake in shares of Palo Alto Networks in the fourth quarter worth approximately $29,000. HWG Holdings LP bought a new position in Palo Alto Networks during the first quarter valued at approximately $31,000. Dagco Inc. bought a new position in Palo Alto Networks during the first quarter valued at approximately $33,000. SWAN Capital LLC raised its position in Palo Alto Networks by 100.0% during the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company's stock valued at $36,000 after acquiring an additional 100 shares in the last quarter. Finally, Glen Eagle Advisors LLC raised its position in Palo Alto Networks by 100.0% during the fourth quarter. Glen Eagle Advisors LLC now owns 212 shares of the network technology company's stock valued at $39,000 after acquiring an additional 106 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PANW has been the topic of several recent research reports. Morgan Stanley raised their price objective on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $232.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Wedbush reaffirmed an "outperform" rating and set a $225.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Tuesday, August 19th. Finally, Wells Fargo & Company increased their price target on Palo Alto Networks from $225.00 to $235.00 and gave the company an "overweight" rating in a report on Wednesday, May 21st. 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 stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $211.68.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 700 shares of the firm's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the transaction, the chief accounting officer directly owned 37,723 shares of the company's stock, valued at $6,948,576.60. This trade represents a 1.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the firm's stock in a transaction on Friday, August 1st. The stock was 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 of the company's stock, valued at approximately $543,199,564.80. This trade represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 569,422 shares of company stock worth $106,629,618. Insiders own 2.50% of the company's stock.

Palo Alto Networks Stock Down 1.0%

Shares of PANW stock opened at $196.29 on Friday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The business's 50 day moving average is $188.03 and its two-hundred day moving average is $185.91. The company has a market cap of $131.30 billion, a PE ratio of 122.30, a price-to-earnings-growth ratio of 4.73 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks's quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.

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