Weatherly Asset Management L. P. Purchases 105,240 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Weatherly Asset Management boosted its Palo Alto Networks stake by 311.8% in the first quarter, buying 105,240 additional shares and bringing its total holdings to 138,990 shares worth about $22.3 million.
• Several other institutional investors also increased positions in PANW, and hedge funds and institutions now own 79.82% of the company’s stock.
• Palo Alto Networks reported strong quarterly results, with EPS of $0.85 beating estimates and revenue of $3 billion topping forecasts; analysts generally remain bullish, with an average Moderate Buy rating and a $306.59 price target.

Weatherly Asset Management L. P. lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 311.8% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 138,990 shares of the network technology company's stock after purchasing an additional 105,240 shares during the period. Palo Alto Networks comprises approximately 1.8% of Weatherly Asset Management L. P.'s holdings, making the stock its 17th biggest position. Weatherly Asset Management L. P.'s holdings in Palo Alto Networks were worth $22,283,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in shares of Palo Alto Networks by 147.7% during the 4th 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 during the last quarter. Bison Wealth LLC raised its holdings in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after purchasing an additional 3,275 shares during the period. Sivia Capital Partners LLC lifted its position in Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after purchasing an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. lifted its position in Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC grew its holdings in Palo Alto Networks by 6.0% during the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock valued at $900,000 after purchasing an additional 249 shares during the period. Hedge funds and other institutional investors own 79.82% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Palo Alto Networks from $220.00 to $350.00 and gave the stock a "buy" rating in a research note on Wednesday, June 3rd. Rosenblatt Securities boosted their price objective on Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. DA Davidson increased their target price on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Guggenheim downgraded shares of Palo Alto Networks from a "neutral" rating to a "reduce" rating in a report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $306.59.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, the executive vice president directly owned 235,983 shares of the company's stock, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Key sold 7,500 shares of the business's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares in the company, valued at $3,490,500. This represents a 37.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 101,044 shares of company stock worth $26,022,722. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

PANW stock opened at $287.78 on Friday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $302.95. The company's fifty day moving average price is $228.24 and its 200-day moving average price is $192.65. 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 $234.54 billion, a PE ratio of 235.89, a price-to-earnings-growth ratio of 10.69 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The firm 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%. Palo Alto Networks's revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior 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. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

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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