Bryce Point Capital LLC Takes Position in Palo Alto Networks, Inc. $PANW

Bryce Point Capital LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,941 shares of the network technology company’s stock, valued at approximately $806,000.

Several other institutional investors also recently modified their holdings of PANW. Nuveen LLC bought a new position in shares of Palo Alto Networks in the first quarter valued at approximately $810,047,000. Kingstone Capital Partners Texas LLC purchased a new stake in Palo Alto Networks during the second quarter worth about $633,068,000. Goldman Sachs Group Inc. increased its holdings in Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Palo Alto Networks by 77.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock worth $662,000,000 after buying an additional 1,688,432 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after buying an additional 1,541,637 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Trading Down 0.5%

Shares of NASDAQ:PANW opened at $219.23 on Tuesday. The company has a 50 day moving average of $205.20 and a 200 day moving average of $194.84. The stock has a market cap of $146.64 billion, a P/E ratio of 136.59, a P/E/G ratio of 5.24 and a beta of 0.95. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. 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 analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the sale, the chief executive officer owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction on Monday, October 6th. The shares were sold at an average price of $211.92, for a total value of $25,594,426.08. Following the sale, the executive vice president directly owned 149,190 shares of the company’s stock, valued at $31,616,344.80. This represents a 44.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,094,356 shares of company stock worth $222,684,964 over the last three months. Corporate insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Barclays restated an “overweight” rating and set a $215.00 price objective (up previously from $210.00) on shares of Palo Alto Networks in a report on Tuesday, August 19th. BMO Capital Markets increased their price objective on Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a report on Tuesday, August 19th. DA Davidson reissued a “buy” rating and set a $215.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Morgan Stanley increased their price objective on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Finally, Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $200.00 to $225.00 in a report on Tuesday, August 12th. Thirty equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $218.17.

About Palo Alto Networks

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.