Sanctuary Advisors LLC Takes Position in Palo Alto Networks, Inc. $PANW

Key Points

• Sanctuary Advisors LLC acquired 235,582 shares of Palo Alto Networks worth approximately $80.3 million during the second quarter. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $0.85, beating estimates by $0.06, while revenue reached $3 billion, up 31.1% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $362.67, although one analyst downgraded it to “Reduce.”

Sanctuary Advisors LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 235,582 shares of the network technology company's stock, valued at approximately $80,338,000.

Several other hedge funds have also bought and sold shares of PANW. Clal Insurance Enterprises Holdings Ltd purchased a new stake in Palo Alto Networks in the second quarter worth about $79,287,000. Saranac Partners Ltd purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $1,315,000. Solstein Capital LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $26,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $8,959,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $7,250,000. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Up 0.0%

PANW stock opened at $358.04 on Monday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $291.80 billion, a price-to-earnings ratio of 293.48, a PEG ratio of 12.00 and a beta of 0.91. The business has a 50 day simple moving average of $337.38 and a two-hundred day simple moving average of $242.19.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analyst estimates 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 revenue was up 31.1% on a year-over-year basis. During the same period last year, the firm posted $0.37 EPS. 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 anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PANW shares. Wolfe Research restated an "outperform" rating and set a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. TD Cowen upped their price target on shares of Palo Alto Networks from $360.00 to $400.00 and gave the stock a "buy" rating in a research report on Monday, August 17th. William Blair reissued an "outperform" rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. Oppenheimer restated an "outperform" rating and set a $400.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research report on Tuesday, August 4th. Finally, Guggenheim cut shares of Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $362.67.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the business's stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Key sold 7,500 shares of the stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the transaction, the director directly owned 12,500 shares of the company's stock, valued at $3,490,500. This trade represents a 37.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,935 shares of company stock valued at $10,809,461 in the last quarter. Company insiders own 1.40% of the company's stock.

Palo Alto Networks 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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