Park Place Capital Corp Purchases 3,481 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Park Place Capital Corp increased its stake in Palo Alto Networks by 74.7%, acquiring an additional 3,481 shares, bringing its total holdings to 8,144 shares valued at approximately $1.61 million.
• Research firms have set a range of new price targets for Palo Alto Networks, with Jefferies Financial Group estimating a target of $235 and UBS Group setting it at $245, while the stock currently has an average rating of "Moderate Buy".
• Corporate insiders, including EVP Nir Zuk and CEO Nikesh Arora, have sold substantial shares recently, indicating a collective decrease in their holdings amidst increasing institutional investments, which account for 79.82% of the company's stock.

Park Place Capital Corp boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 74.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,144 shares of the network technology company's stock after purchasing an additional 3,481 shares during the quarter. Park Place Capital Corp's holdings in Palo Alto Networks were worth $1,609,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PANW. Brighton Jones LLC increased its holdings in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock valued at $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC increased its holdings in shares of Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after acquiring an additional 3,275 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of Palo Alto Networks by 109.1% during the first quarter. Versant Capital Management Inc now owns 1,355 shares of the network technology company's stock valued at $231,000 after acquiring an additional 707 shares in the last quarter. AdvisorNet Financial Inc increased its holdings in shares of Palo Alto Networks by 45.5% during the first quarter. AdvisorNet Financial Inc now owns 1,353 shares of the network technology company's stock valued at $231,000 after acquiring an additional 423 shares in the last quarter. Finally, JGP Wealth Management LLC increased its holdings in shares of Palo Alto Networks by 11.0% during the first quarter. JGP Wealth Management LLC now owns 1,481 shares of the network technology company's stock valued at $253,000 after acquiring an additional 147 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PANW. Jefferies Financial Group set a $235.00 price objective on shares of Palo Alto Networks in a report on Tuesday, July 29th. KeyCorp lowered Palo Alto Networks from an "overweight" rating to a "sector weight" rating in a research report on Thursday, July 31st. UBS Group set a $245.00 price target on shares of Palo Alto Networks in a report on Friday. DA Davidson reiterated a "buy" rating and issued a $215.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Truist Financial set a $220.00 price target on shares of Palo Alto Networks and gave the stock a "buy" rating in a report on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $214.64.

Palo Alto Networks Trading Up 0.8%

Palo Alto Networks stock opened at $203.96 on Tuesday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The stock's 50 day simple moving average is $189.67 and its two-hundred day simple moving average is $187.63. The firm has a market cap of $136.43 billion, a PE ratio of 127.08, a P/E/G ratio of 4.82 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data 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. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the firm posted $0.75 EPS. 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. On average, equities research analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Nikesh Arora sold 846,408 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares in the company, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,314,430 shares of company stock worth $259,210,094. Corporate insiders own 2.50% of the company's stock.

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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