Thryve Wealth Management LLC Acquires New Stake in Palo Alto Networks, Inc. $PANW

Thryve Wealth Management LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,967 shares of the network technology company’s stock, valued at approximately $362,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aviva PLC increased its position in shares of Palo Alto Networks by 5.4% during the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after acquiring an additional 29,230 shares during the last quarter. Westfield Capital Management Co. LP acquired a new position in shares of Palo Alto Networks in the 3rd quarter worth approximately $75,412,000. Peapack Gladstone Financial Corp boosted its position in shares of Palo Alto Networks by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock worth $8,926,000 after purchasing an additional 3,926 shares during the period. American Century Companies Inc. increased its holdings in Palo Alto Networks by 134.1% in the 3rd quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock valued at $136,859,000 after purchasing an additional 384,985 shares during the last quarter. Finally, US Bancorp DE increased its holdings in Palo Alto Networks by 0.6% in the 3rd quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock valued at $277,828,000 after purchasing an additional 8,344 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Nikesh Arora purchased 68,085 shares of the firm’s stock in a transaction that occurred on Friday, March 27th. The stock was bought at an average price of $146.87 per share, for a total transaction of $9,999,643.95. Following the completion of the purchase, the chief executive officer directly owned 343,394 shares of the company’s stock, valued at $50,434,276.78. The trade was a 24.73% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $5,598,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,044 shares of company stock valued at $26,022,722 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Trading Up 2.0%

NASDAQ:PANW opened at $287.78 on Friday. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $302.95. The firm has a market cap of $234.54 billion, a PE ratio of 235.89, a price-to-earnings-growth ratio of 10.48 and a beta of 0.94. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of $225.96 and a 200 day moving average price of $191.98.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company earned $0.37 EPS. Palo Alto Networks’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on PANW shares. Arete Research upgraded Palo Alto Networks from a “sell” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, March 3rd. HSBC increased their target price on Palo Alto Networks from $114.00 to $207.00 in a research note on Thursday, June 4th. Guggenheim cut Palo Alto Networks from a “neutral” rating to a “reduce” rating in a report on Wednesday, May 27th. Stifel Nicolaus set a $340.00 target price on Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus 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.