KRS Capital Management LLC Buys 5,644 Shares of Palo Alto Networks, Inc. $PANW

KRS Capital Management LLC grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 33.3% during the first quarter, Holdings Channel.com reports. The institutional investor owned 22,609 shares of the network technology company’s stock after acquiring an additional 5,644 shares during the quarter. Palo Alto Networks comprises approximately 2.2% of KRS Capital Management LLC’s investment portfolio, making the stock its 7th largest position. KRS Capital Management LLC’s holdings in Palo Alto Networks were worth $3,625,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PANW. Vanguard Group Inc. raised its position in shares of Palo Alto Networks by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares during the period. State Street Corp boosted its stake in Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after acquiring an additional 594,789 shares during the last quarter. Bank of America Corp DE grew its holdings in Palo Alto Networks by 11.9% during the fourth quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after purchasing an additional 2,065,776 shares during the period. Geode Capital Management LLC grew its holdings in Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after purchasing an additional 540,756 shares during the period. Finally, Norges Bank bought a new stake in Palo Alto Networks in the fourth quarter valued at approximately $1,415,364,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora acquired 68,085 shares of the business’s stock in a transaction dated Friday, March 27th. The shares were acquired at an average price of $146.87 per share, with a total value of $9,999,643.95. Following the completion of the transaction, the chief executive officer directly owned 343,394 shares in the company, valued at $50,434,276.78. This trade represents a 24.73% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John P. Key sold 7,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 101,044 shares of company stock worth $26,022,722. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $287.78 on Friday. The firm has a market cap of $234.54 billion, a price-to-earnings ratio of 235.89, a price-to-earnings-growth ratio of 10.69 and a beta of 0.94. The stock’s 50-day moving average is $228.24 and its 200-day moving average is $192.65. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $302.95. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.37 earnings per share. Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. 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. Equities analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PANW. Rosenblatt Securities increased their target price on shares of Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. BMO Capital Markets boosted their price target on shares of Palo Alto Networks from $270.00 to $335.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Wedbush upped their price objective on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $320.00 price objective on Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Weiss Ratings lowered Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $306.59.

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.