Patron Partners LLC Takes Position in Palo Alto Networks, Inc. $PANW

Patron Partners LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 3,901 shares of the network technology company’s stock, valued at approximately $1,330,000.

Other institutional investors and hedge funds have also modified their holdings of the company. OneAscent Financial Services LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at approximately $2,739,000. Allworth Financial LP bought a new position in Palo Alto Networks in the 2nd quarter valued at approximately $8,129,000. Greenspring Advisors LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at approximately $545,000. LaSalle St. Investment Advisors LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $700,000. Finally, Advisors Preferred LLC acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $1,114,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $358.04 on Friday. The firm has a market cap of $291.80 billion, a PE ratio of 293.48, a price-to-earnings-growth ratio of 11.74 and a beta of 0.91. The firm’s fifty day moving average is $337.38 and its 200-day moving average is $241.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88.

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 for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the business posted $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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 37,935 shares of company stock valued at $10,809,461. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

PANW has been the subject of several research analyst reports. Citigroup reiterated a “market outperform” rating on shares of Palo Alto Networks in a report on Wednesday, August 12th. Rosenblatt Securities raised their price objective on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Arete Research boosted their price objective on Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Wedbush upped their target price on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley set a $400.00 target price on Palo Alto Networks in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $362.67.

About Palo Alto Networks

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.