Trivium Point Advisory LLC Makes New $3.43 Million Investment in Palo Alto Networks, Inc. $PANW

Trivium Point Advisory LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 10,052 shares of the network technology company's stock, valued at approximately $3,428,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Trilogy Capital Inc. boosted its position in shares of Palo Alto Networks by 1.8% in the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company's stock valued at $725,000 after acquiring an additional 37 shares during the period. Wisconsin Wealth Advisors LLC increased its holdings in Palo Alto Networks by 1.2% during the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company's stock worth $1,093,000 after acquiring an additional 38 shares during the period. Orrstown Financial Services Inc. increased its holdings in Palo Alto Networks by 1.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company's stock worth $1,090,000 after acquiring an additional 38 shares during the period. GSG Advisors LLC lifted its stake in Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company's stock worth $2,010,000 after purchasing an additional 51 shares in the last quarter. Finally, Outfitters Financial LLC boosted its holdings in Palo Alto Networks by 1.7% in the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company's stock valued at $601,000 after purchasing an additional 55 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Morgan Stanley restated an "overweight" rating and set a $387.00 price target (up from $320.00) on shares of Palo Alto Networks in a research report on Tuesday, July 21st. Loop Capital increased their price objective on Palo Alto Networks from $160.00 to $290.00 and gave the stock a "hold" rating in a research report on Wednesday, June 3rd. BMO Capital Markets boosted their target price on Palo Alto Networks from $270.00 to $335.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. Guggenheim lowered Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research note on Wednesday, May 27th. Finally, Capital One Financial set a $421.00 price target on Palo Alto Networks and gave the company an "overweight" rating in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $339.61.

Insider Transactions at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated 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 directly owned 145,250 shares in the company, valued at approximately $42,058,590. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Key sold 7,500 shares of the firm's stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director directly owned 12,500 shares in the company, valued at approximately $3,490,500. This represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 101,239 shares of company stock worth $27,174,360. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $384.27 on Monday. 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. The company has a market capitalization of $313.18 billion, a P/E ratio of 314.98, a P/E/G ratio of 12.89 and a beta of 0.91. The company has a fifty day moving average of $328.02 and a 200-day moving average of $235.70.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its 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 company 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 firm's quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

About Palo Alto Networks

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source