Delta Global Management LP Invests $23.87 Million in Palo Alto Networks, Inc. $PANW

Delta Global Management LP acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 148,896 shares of the network technology company’s stock, valued at approximately $23,871,000. Palo Alto Networks comprises about 2.0% of Delta Global Management LP’s investment portfolio, making the stock its 17th largest holding.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PANW. Everest Financial Group LLC boosted its stake in shares of Palo Alto Networks by 18.5% during the first quarter. Everest Financial Group LLC now owns 65,462 shares of the network technology company’s stock valued at $10,495,000 after acquiring an additional 10,235 shares during the last quarter. OMERS ADMINISTRATION Corp raised its stake in Palo Alto Networks by 1.0% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 867,264 shares of the network technology company’s stock valued at $139,040,000 after purchasing an additional 8,405 shares during the last quarter. Themes Management Co LLC acquired a new position in Palo Alto Networks in the 1st quarter valued at about $287,000. Lombard Odier Asset Management Europe Ltd lifted its holdings in Palo Alto Networks by 5.6% in the 1st quarter. Lombard Odier Asset Management Europe Ltd now owns 76,315 shares of the network technology company’s stock valued at $12,235,000 after purchasing an additional 4,024 shares in the last quarter. Finally, Waverly Advisors LLC lifted its holdings in Palo Alto Networks by 25.1% in the 1st quarter. Waverly Advisors LLC now owns 126,130 shares of the network technology company’s stock valued at $20,221,000 after purchasing an additional 25,343 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 0.6%

Shares of PANW stock opened at $323.79 on Friday. The firm’s 50-day simple moving average is $300.79 and its 200-day simple moving average is $217.58. 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, Inc. has a 1-year low of $139.57 and a 1-year high of $368.80. The firm has a market cap of $263.89 billion, a P/E ratio of 265.40, a PEG ratio of 12.02 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (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 the consensus estimate of $2.94 billion. During the same period in the previous year, the firm earned $0.37 earnings per share. Palo Alto Networks’s 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. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Josh D. Paul sold 1,100 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,239 shares of company stock worth $27,174,360 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PANW. Barclays reiterated an “overweight” rating and set a $315.00 price target (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Needham & Company LLC upped their price objective on shares of Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. Wells Fargo & Company raised their target price on shares of Palo Alto Networks from $325.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Morgan Stanley reaffirmed an “overweight” rating and issued a $387.00 target price (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday. Finally, Cantor Fitzgerald set a $340.00 price target on Palo Alto Networks and gave the company an “overweight” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.48.

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.