Saranac Partners Ltd Takes $1.31 Million Position in Palo Alto Networks, Inc. $PANW

Key Points

• Saranac Partners initiated a $1.31 million position in Palo Alto Networks during the second quarter by purchasing 3,856 shares. Institutional investors and hedge funds collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly EPS of $0.85, exceeding the $0.79 consensus estimate, while revenue reached $3 billion and increased 31.1% year over year.
• Analyst sentiment remains favorable, with a “Moderate Buy” consensus and an average price target of $362.67, although insiders sold more than $10.8 million of stock over the past three months.

Saranac Partners Ltd bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,856 shares of the network technology company's stock, valued at approximately $1,315,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC increased its position 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 worth $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC raised 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 worth $948,000 after acquiring an additional 3,275 shares during the period. Sivia Capital Partners LLC lifted its position in Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after acquiring an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after acquiring an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its stake in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after purchasing an additional 249 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $358.04 on Monday. The stock has a market capitalization of $291.80 billion, a PE ratio of 293.48, a P/E/G ratio of 12.00 and a beta of 0.91. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The firm has a fifty day simple moving average of $337.38 and a 200 day simple moving average of $242.19. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) 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 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 quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. On average, research analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of research reports. William Blair restated an "outperform" rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Guggenheim downgraded Palo Alto Networks from a "neutral" rating to a "reduce" rating in a report on Wednesday, May 27th. Wells Fargo & Company reissued an "overweight" rating and issued a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a research report on Monday, August 17th. TD Cowen boosted their target price on Palo Alto Networks from $360.00 to $400.00 and gave the company a "buy" rating in a research note on Monday, August 17th. Finally, Morgan Stanley set a $400.00 price target on Palo Alto Networks in a research report on Monday, August 17th. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $362.67.

Insider Buying and Selling at Palo Alto Networks

In other news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the transaction, the director directly owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 37,935 shares of company stock valued at $10,809,461 in the last three months. Corporate insiders own 1.40% of the company's stock.

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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