Corient Private Wealth LLC Has $246.30 Million Stake in Palo Alto Networks, Inc. $PANW

Corient Private Wealth LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,337,113 shares of the network technology company’s stock after acquiring an additional 128,316 shares during the quarter. Corient Private Wealth LLC’s holdings in Palo Alto Networks were worth $246,296,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harold Davidson & Associates Inc. raised its stake in shares of Palo Alto Networks by 5.0% in the 3rd quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock valued at $215,000 after purchasing an additional 50 shares during the period. Princeton Capital Management LLC boosted its position in shares of Palo Alto Networks by 3.4% during the third quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock worth $310,000 after buying an additional 50 shares during the period. South Plains Financial Inc. boosted its position in shares of Palo Alto Networks by 1.0% during the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock worth $982,000 after buying an additional 50 shares during the period. Fayez Sarofim & Co grew its holdings in shares of Palo Alto Networks by 1.2% during the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after buying an additional 50 shares in the last quarter. Finally, Certified Advisory Corp grew its holdings in shares of Palo Alto Networks by 0.3% during the third quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after buying an additional 51 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Price Performance

Shares of PANW opened at $287.78 on Friday. 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 company’s fifty day simple moving average is $225.96 and its 200 day simple moving average is $191.98. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $302.95. The company has a market cap of $234.54 billion, a price-to-earnings ratio of 235.89, a PEG ratio of 10.48 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly 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 net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the company posted $0.37 earnings per share. The company’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. On average, research analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on PANW shares. Weiss Ratings cut Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. BNP Paribas Exane raised their price target on shares of Palo Alto Networks from $220.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price objective on shares of Palo Alto Networks and gave the company an “overweight” rating in a report on Wednesday, June 3rd. HSBC boosted their price objective on shares of Palo Alto Networks from $114.00 to $207.00 in a research report on Thursday, June 4th. Finally, Barclays restated an “overweight” rating and set a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus target price of $306.59.

Insiders Place Their Bets

In related news, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the sale, the executive vice president directly owned 235,983 shares in the company, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John P. Key sold 7,500 shares of Palo Alto Networks 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 transaction, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,044 shares of company stock worth $26,022,722 in the last three months. Insiders own 1.40% of the company’s stock.

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.