True Freedom Investing LLC Acquires Shares of 21,607 Palo Alto Networks, Inc. $PANW

Key Points

• True Freedom Investing LLC acquired 21,607 shares of Palo Alto Networks in the second quarter, valued at approximately $3.46 million. Institutional investors collectively own 79.82% of the company.
• Palo Alto Networks reported quarterly revenue of $3 billion, up 31.1% year over year, and earnings per share of $0.85, exceeding analysts’ estimates of $0.79.
• Analyst sentiment remains positive, with the stock holding a “Moderate Buy” consensus rating and an average price target of $362.67, although insiders have sold approximately $10.8 million of shares over the past 90 days.

True Freedom Investing LLC acquired 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,607 shares of the network technology company's stock, valued at approximately $3,464,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its stake in shares of Palo Alto Networks by 15.0% during 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 stake in shares of Palo Alto Networks by 5.4% in the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock worth $104,774,000 after purchasing 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 in the first quarter worth about $353,000. Bridgewater Advisors Inc. bought a new position in Palo Alto Networks during the 2nd quarter valued at approximately $2,159,000. Finally, Granite Islands Private Wealth LLC raised its position 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 during the last quarter. Institutional investors own 79.82% of the company's stock.

Insiders Place Their Bets

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of the firm's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the transaction, the director owned 5,898 shares of the company's stock, valued at approximately $2,045,721.30. This trade represents a 10.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 transaction of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares in the company, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 37,935 shares of company stock valued at $10,809,461 in the last 90 days. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Up 2.4%

PANW stock opened at $358.04 on Friday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The company has a market capitalization of $291.80 billion, a price-to-earnings ratio of 293.48, a price-to-earnings-growth ratio of 12.02 and a beta of 0.91. The business's 50 day moving average price is $337.38 and its two-hundred day moving average price is $241.72. 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 released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS 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 during the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the business posted $0.37 EPS. The firm's revenue for the quarter was up 31.1% compared to the same quarter last year. 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 forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PANW shares. FBN Securities reiterated an "outperform" rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. Wells Fargo & Company reissued an "overweight" rating and set a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a research note on Monday, August 17th. Robert W. Baird set a $320.00 target price on Palo Alto Networks in a report on Wednesday, June 3rd. Susquehanna reaffirmed a "positive" rating and issued a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Benchmark lifted their price target on shares of Palo Alto Networks from $270.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $362.67.

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