Pursue Wealth Partners LLC Purchases Shares of 12,960 Palo Alto Networks, Inc. $PANW

Key Points

• Pursue Wealth Partners acquired 12,960 Palo Alto Networks shares worth approximately $4.42 million, making PANW about 2.5% of its portfolio. Institutional investors collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates of $0.79, while revenue rose 31.1% year over year to $3 billion. Shares opened at $375.76 after recently trading down 2.2%.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $342.61, while company insiders sold $27.2 million of stock over the past 90 days.

Pursue Wealth Partners LLC acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,960 shares of the network technology company's stock, valued at approximately $4,420,000. Palo Alto Networks accounts for approximately 2.5% of Pursue Wealth Partners LLC's investment portfolio, making the stock its 16th largest position.

Several other large investors have also made changes to their positions in the business. Darwin Wealth Management LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at approximately $25,000. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter worth approximately $26,000. Sittner & Nelson LLC boosted its position in shares of Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after acquiring an additional 62 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $27,000. Finally, Luken Investment Analytics LLC grew its stake in shares of Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock worth $28,000 after acquiring an additional 102 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Trading Down 2.2%

Shares of PANW stock opened at $375.76 on Tuesday. The company has a market capitalization of $306.24 billion, a P/E ratio of 308.00, a P/E/G ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $330.20 and a 200 day moving average price of $237.05.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company's quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.770-3.790 EPS and its Q4 2026 guidance at 0.960-0.980 EPS. Research analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the transaction, the director owned 5,898 shares of the company's stock, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. The trade was a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 101,239 shares of company stock worth $27,174,360 over the last 90 days. Company insiders own 1.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on PANW shares. Royal Bank Of Canada reiterated an "outperform" rating and set a $434.00 target price (up from $330.00) on shares of Palo Alto Networks in a research note on Friday. Argus set a $425.00 price objective on shares of Palo Alto Networks in a report on Tuesday, July 21st. Jefferies Financial Group set a $335.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a research report on Wednesday, June 3rd. BTIG Research increased their target price on shares of Palo Alto Networks from $333.00 to $380.00 and gave the company a "buy" rating in a research note on Tuesday, June 30th. Finally, Cantor Fitzgerald set a $340.00 target price on Palo Alto Networks and gave the stock an "overweight" rating in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $342.61.

Palo Alto Networks Company Profile

Palo Alto Networks NASDAQ: PANW is a cybersecurity company founded in 2005 and headquartered in Santa Clara, California. The firm develops a broad suite of security products and services designed to prevent successful cyberattacks and protect enterprise networks, clouds, and endpoints. Built around a platform strategy, its offerings target threat prevention, detection, response and governance across hybrid and multi-cloud environments.

The company's product portfolio includes next‑generation firewalls as a core on‑premises capability, alongside cloud‑delivered security services and software for securing public and private clouds.

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