Kelly Lawrence W & Associates Inc. CA Purchases Shares of 64,860 Palo Alto Networks, Inc. $PANW

Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 64,860 shares of the network technology company’s stock, valued at approximately $22,119,000. Palo Alto Networks comprises about 4.7% of Kelly Lawrence W & Associates Inc. CA’s portfolio, making the stock its 5th biggest position.

A number of other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Palo Alto Networks during the 2nd quarter worth approximately $25,833,462,000. Norges Bank acquired a new position in Palo Alto Networks during the fourth quarter valued at approximately $1,415,364,000. Bank of New York Mellon Corp acquired a new position in Palo Alto Networks during the second quarter valued at approximately $1,569,755,000. Deutsche Bank AG purchased a new stake in Palo Alto Networks during the second quarter worth approximately $1,481,236,000. Finally, Bank of America Corp DE grew its stake in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director directly owned 12,500 shares in the company, valued at $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 37,935 shares of company stock worth $10,809,461 over the last quarter. Company insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PANW shares. New Street Research set a $415.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 18th. Susquehanna reaffirmed a “positive” rating and set a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Rosenblatt Securities increased their price target on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. HSBC raised their price objective on Palo Alto Networks from $114.00 to $207.00 in a research report on Thursday, June 4th. Finally, BTIG Research boosted their price objective on Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus price target of $364.00.

Palo Alto Networks Trading Down 1.9%

NASDAQ PANW opened at $350.90 on Tuesday. The stock has a market cap of $285.98 billion, a P/E ratio of 287.62, a PEG ratio of 12.00 and a beta of 0.91. The company’s fifty day simple moving average is $338.70 and its 200-day simple moving average is $243.49. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. 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 released its quarterly earnings results 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. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the business earned $0.37 EPS. The business’s 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 research analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

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.