Strive Asset Management LLC Acquires 299 Shares of Palo Alto Networks, Inc. $PANW

Strive Asset Management LLC raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 16.6% during the 1st quarter, HoldingsChannel reports. The firm owned 2,099 shares of the network technology company’s stock after purchasing an additional 299 shares during the quarter. Strive Asset Management LLC’s holdings in Palo Alto Networks were worth $358,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in Palo Alto Networks during the fourth quarter valued at approximately $29,000. HWG Holdings LP acquired a new position in Palo Alto Networks during the first quarter valued at approximately $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the first quarter valued at approximately $33,000. SWAN Capital LLC grew its holdings in Palo Alto Networks by 100.0% during the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 100 shares during the last quarter. Finally, WPG Advisers LLC acquired a new position in Palo Alto Networks during the first quarter valued at approximately $37,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the topic of several analyst reports. Stephens reiterated an “equal weight” rating and set a $205.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Truist Financial set a $220.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Tuesday, August 19th. Roth Capital initiated coverage on shares of Palo Alto Networks in a research note on Thursday, May 15th. They issued a “neutral” rating and a $210.00 price objective on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, KeyCorp downgraded shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Twenty-eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $211.68.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the completion of the transaction, the executive vice president directly owned 101,135 shares of the company’s stock, valued at approximately $20,414,099.75. This trade represents a 4.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total value of $23,081,119.14. Following the transaction, the executive vice president directly owned 177,954 shares of the company’s stock, valued at approximately $34,008,788.94. The trade was a 40.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 569,422 shares of company stock valued at $106,629,618 in the last ninety days. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

PANW opened at $197.55 on Wednesday. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $210.39. The firm’s fifty day moving average price is $188.19 and its two-hundred day moving average price is $185.75. The company has a market capitalization of $132.14 billion, a P/E ratio of 123.08, a P/E/G ratio of 4.71 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the company earned $0.75 earnings per share. The business’s revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.