Resources Management Corp CT ADV Raises Holdings in Palo Alto Networks, Inc. $PANW

Resources Management Corp CT ADV grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 1,373.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,537 shares of the network technology company’s stock after purchasing an additional 16,347 shares during the period. Resources Management Corp CT ADV’s holdings in Palo Alto Networks were worth $3,230,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Harold Davidson & Associates Inc. grew its position in Palo Alto Networks by 5.0% in the third quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock worth $215,000 after acquiring an additional 50 shares in the last quarter. Princeton Capital Management LLC grew its position in Palo Alto Networks by 3.4% in the third quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock worth $310,000 after acquiring an additional 50 shares in the last quarter. South Plains Financial Inc. grew its position in Palo Alto Networks by 1.0% in the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock worth $982,000 after acquiring an additional 50 shares in the last quarter. Fayez Sarofim & Co grew its position in Palo Alto Networks by 1.2% in the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after acquiring an additional 50 shares in the last quarter. Finally, Certified Advisory Corp grew its position in Palo Alto Networks by 0.3% in the third quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after acquiring an additional 51 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ PANW opened at $279.62 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $227.89 billion, a P/E ratio of 229.20, a PEG ratio of 10.38 and a beta of 0.94. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $302.95. The firm has a 50-day simple moving average of $216.44 and a two-hundred day simple moving average of $189.26.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data 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. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter last year, the firm earned $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. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the sale, the executive vice president owned 150,250 shares of the company’s stock, valued at $24,103,105. This trade represents a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Aparna Bawa sold 536 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $280.00, for a total transaction of $150,080.00. Following the completion of the sale, the director directly owned 7,704 shares of the company’s stock, valued at approximately $2,157,120. The trade was a 6.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 81,044 shares of company stock valued at $20,424,722 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their price target on Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Daiwa Securities Group dropped their price target on Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Piper Sandler reiterated an “overweight” rating and issued a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Robert W. Baird set a $320.00 price target on Palo Alto Networks in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $306.59.

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.