TimesSquare Capital Management LLC Acquires Shares of 308,584 Palo Alto Networks, Inc. $PANW

Key Points

• TimesSquare Capital Management acquired 308,584 Palo Alto Networks shares worth approximately $105.2 million, making PANW its 14th-largest holding and 1.5% of its portfolio. Institutional investors and hedge funds collectively own 79.82% of the company.
• Analysts raised their price targets substantially, with targets ranging from $290 to $355. PANW has a consensus rating of “Moderate Buy” and an average target price of $342.61.
• Palo Alto Networks beat quarterly expectations with $0.85 in earnings per share and $3 billion in revenue, up 31.1% year over year. The stock opened at $375.76 and carries a $306.2 billion market capitalization.

TimesSquare Capital Management LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 308,584 shares of the network technology company's stock, valued at approximately $105,233,000. Palo Alto Networks accounts for approximately 1.5% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 14th largest holding.

Other hedge funds have also modified their holdings of the company. Janney Montgomery Scott LLC raised its stake in shares of Palo Alto Networks by 15.0% in the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after acquiring an additional 53,485 shares during the last quarter. Aviva PLC grew its position in Palo Alto Networks by 5.4% during the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock worth $104,774,000 after acquiring an additional 29,230 shares during the last quarter. B&D White Capital Company LLC bought a new stake in Palo Alto Networks during the 1st quarter worth approximately $353,000. Bridgewater Advisors Inc. acquired a new stake in Palo Alto Networks during the 2nd quarter valued at $2,159,000. Finally, Granite Islands Private Wealth LLC increased its holdings in Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after purchasing an additional 4,659 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Stephens boosted their price objective on Palo Alto Networks from $180.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 3rd. Loop Capital raised their target price on Palo Alto Networks from $160.00 to $290.00 and gave the company a "hold" rating in a research note on Wednesday, June 3rd. DA Davidson lifted their price target on Palo Alto Networks from $190.00 to $345.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Rosenblatt Securities upped their price target on shares of Palo Alto Networks from $275.00 to $355.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Finally, BMO Capital Markets increased their price objective on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an "outperform" rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $342.61.

Palo Alto Networks Price Performance

PANW opened at $375.76 on Tuesday. The company has a fifty day moving average price of $330.20 and a two-hundred day moving average price of $237.05. The firm has a market capitalization of $306.24 billion, a PE ratio of 308.00, a P/E/G ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

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 for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The firm's quarterly revenue was up 31.1% on a year-over-year basis. 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. As a group, analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of the firm's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the transaction, the executive vice president owned 235,983 shares in the company, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction dated 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 transaction, the executive vice president owned 145,250 shares of the company's stock, valued at $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 101,239 shares of company stock valued at $27,174,360. Corporate 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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