Worth Asset Management LLC Purchases Shares of 6,759 Palo Alto Networks, Inc. $PANW

Key Points

• Worth Asset Management initiated a Palo Alto Networks position by purchasing 6,759 shares valued at approximately $2.3 million, while 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 adjusted EPS of $0.85, exceeding analysts’ $0.79 estimate.
• Analyst sentiment remains favorable, with the stock carrying a “Moderate Buy” consensus rating and several firms raising price targets, including Wells Fargo’s increase to $420.

Worth Asset Management LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,759 shares of the network technology company's stock, valued at approximately $2,305,000. Palo Alto Networks makes up 0.7% of Worth Asset Management LLC's holdings, making the stock its 23rd largest holding.

Several other hedge funds also recently modified their holdings of PANW. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the second quarter worth $25,000. Steph & Co. increased its stake in Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company's stock valued at $26,000 after purchasing an additional 67 shares in the last quarter. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter valued at about $26,000. Sittner & Nelson LLC boosted its position in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC boosted its position in shares of Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock worth $28,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 79.82% of the company's stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on 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 completion of the transaction, the executive vice president owned 145,250 shares in the company, valued at $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 is available through the SEC website. Also, Director Aparna Bawa sold 290 shares of the firm's stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the sale, the director directly owned 6,437 shares of the company's stock, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,239 shares of company stock valued at $27,174,360 in the last ninety days. Insiders own 1.40% of the company's stock.

Palo Alto Networks Trading Up 1.2%

Shares of PANW stock opened at $363.86 on Friday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $376.98. 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 50-day simple moving average of $317.88 and a two-hundred day simple moving average of $228.20. The company has a market capitalization of $296.55 billion, a price-to-earnings ratio of 298.25, a PEG ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. During the same quarter last year, the firm earned $0.37 EPS. The company's quarterly revenue 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. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PANW. Morgan Stanley reaffirmed an "overweight" rating and set a $387.00 price target (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Citigroup restated a "buy" rating and set a $400.00 price objective (up from $340.00) on shares of Palo Alto Networks in a report on Monday, July 13th. Susquehanna reaffirmed a "positive" rating and set a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Wells Fargo & Company upped their target price on Palo Alto Networks from $325.00 to $420.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 1st. Finally, Benchmark increased their target price on Palo Alto Networks from $270.00 to $340.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $333.76.

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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