Venture Visionary Partners LLC raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 12.7% in the 4th quarter, Holdings Channel reports. The firm owned 53,876 shares of the network technology company’s stock after buying an additional 6,070 shares during the period. Venture Visionary Partners LLC’s holdings in Palo Alto Networks were worth $9,981,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Whalerock Point Partners LLC boosted its position in shares of Palo Alto Networks by 3.5% during the fourth quarter. Whalerock Point Partners LLC now owns 37,369 shares of the network technology company’s stock worth $6,883,000 after purchasing an additional 1,276 shares in the last quarter. Perryman Financial Advisory Inc. AD bought a new stake in shares of Palo Alto Networks in the 4th quarter valued at $3,349,000. QVT Financial LP acquired a new stake in Palo Alto Networks during the 4th quarter worth $284,000. Resources Management Corp CT ADV raised its stake in Palo Alto Networks by 1,373.7% during the 4th quarter. Resources Management Corp CT ADV now owns 17,537 shares of the network technology company’s stock worth $3,230,000 after buying an additional 16,347 shares during the period. Finally, Sargent Investment Group LLC bought a new position in Palo Alto Networks during the fourth quarter worth about $301,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several brokerages have issued reports on PANW. Wolfe Research restated an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Citigroup reiterated a “market outperform” rating on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Susquehanna reissued a “positive” rating and set a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Citizens Jmp restated a “market outperform” rating and set a $250.00 target price on shares of Palo Alto Networks in a report on Wednesday, February 18th. Finally, Northland Securities lifted their price target on shares of Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average price target of $306.59.
Palo Alto Networks Stock Performance
Palo Alto Networks stock opened at $279.62 on Monday. The company has a market cap of $227.89 billion, a price-to-earnings ratio of 229.20, a P/E/G ratio of 10.38 and a beta of 0.94. The firm has a 50-day moving average of $216.44 and a 200-day moving average of $189.26. 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 one year low of $139.57 and a one year high of $302.95.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company posted $0.37 earnings per share. Palo Alto Networks’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. On average, equities analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Palo Alto Networks news, Director Aparna Bawa sold 536 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $280.00, for a total value of $150,080.00. Following the completion of the sale, the director owned 7,704 shares in the company, valued at $2,157,120. This trade represents a 6.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total transaction of $802,100.00. Following the completion of the transaction, the executive vice president directly owned 150,250 shares of the company’s stock, valued at approximately $24,103,105. This trade represents a 3.22% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 81,044 shares of company stock worth $20,424,722 in the last quarter. 1.40% of the stock is owned by company insiders.
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.
Featured Articles
- Five stocks we like better than Palo Alto Networks
- 3 ETFs Giving Ready-Made Access to the Discounted International Small-Cap Space
- What to Expect From Q2 Earnings as Tech Strength Broadens
- Viasat’s Orbiting Profits: Space Force Jackpot?
- Robinhood Wants a Bigger Role in IPOs—Here’s Why It Matters
Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report).
Receive News & Ratings for Palo Alto Networks Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Palo Alto Networks and related companies with MarketBeat.com's FREE daily email newsletter.
