Trifecta Capital Advisors LLC Takes $24.04 Million Position in Palo Alto Networks, Inc. $PANW

Key Points

• Trifecta Capital Advisors initiated a $24.04 million position in Palo Alto Networks, purchasing 70,502 shares during the second quarter. PANW now represents 3.1% of the firm’s portfolio, while institutional investors collectively own 79.82% of the stock.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $339.61. Wells Fargo and RBC recently raised their targets to $420 and $434, respectively.
• Palo Alto Networks beat quarterly estimates with $0.85 in adjusted EPS versus $0.79 expected and $3 billion in revenue, up 31.1% year over year. However, insiders have sold 101,239 shares worth approximately $27.2 million over the past three months.

Trifecta Capital Advisors LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 70,502 shares of the network technology company's stock, valued at approximately $24,043,000. Palo Alto Networks makes up 3.1% of Trifecta Capital Advisors LLC's holdings, making the stock its 10th biggest holding.

A number of other hedge funds have also recently added to or reduced their stakes in PANW. Janney Montgomery Scott LLC boosted its holdings in shares of Palo Alto Networks by 15.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock valued at $65,796,000 after purchasing an additional 53,485 shares in the last quarter. Aviva PLC lifted its position in shares of 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 buying an additional 29,230 shares during the last quarter. B&D White Capital Company LLC bought a new stake in shares of Palo Alto Networks during the 1st quarter worth $353,000. Granite Islands Private Wealth LLC boosted its stake in Palo Alto Networks by 43.6% in the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after buying an additional 4,659 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its position in Palo Alto Networks by 8.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company's stock valued at $8,926,000 after acquiring an additional 3,926 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on PANW. Wells Fargo & Company increased their target price on shares of Palo Alto Networks from $325.00 to $420.00 and gave the stock an "overweight" rating in a report on Wednesday, July 1st. Mizuho lifted their price target on shares of Palo Alto Networks from $265.00 to $305.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Stephens upped their price objective on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 3rd. FBN Securities reissued an "outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Finally, Royal Bank Of Canada reaffirmed 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. One investment 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's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $339.61.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $384.27 on Friday. The stock's 50-day moving average is $328.02 and its 200-day moving average is $235.34. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $313.18 billion, a P/E ratio of 314.98, a price-to-earnings-growth ratio of 13.29 and a beta of 0.91.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Activity

In other news, Director John P. Key sold 7,500 shares of the firm's stock in a transaction on 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 completion of the transaction, the director owned 12,500 shares of the company's stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the transaction, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by company insiders.

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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