Wick Capital Partners LLC Takes $294,000 Position in Palo Alto Networks, Inc. $PANW

Wick Capital Partners LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,752 shares of the network technology company’s stock, valued at approximately $294,000.

A number of other hedge funds have also recently added to or reduced their stakes in PANW. Princeton Capital Management LLC lifted its stake 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 valued at $310,000 after acquiring an additional 50 shares during 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 increased its stake in shares of Palo Alto Networks by 1.2% during the 3rd quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after purchasing an additional 50 shares during the last quarter. Certified Advisory Corp increased its stake in shares of Palo Alto Networks by 0.3% during the 3rd quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after purchasing an additional 51 shares during the last quarter. Finally, Cooper Financial Group raised its holdings in shares of Palo Alto Networks by 1.3% during the 4th quarter. Cooper Financial Group now owns 4,227 shares of the network technology company’s stock valued at $779,000 after purchasing an additional 53 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Lee Klarich sold 62,904 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the transaction, the executive vice president directly owned 235,983 shares in the company, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Aparna Bawa sold 536 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $280.00, for a total transaction of $150,080.00. Following the completion of the sale, the director owned 7,704 shares of the company’s stock, valued at approximately $2,157,120. This represents a 6.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,044 shares of company stock valued at $26,022,722 over the last quarter. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Berenberg Bank lifted their price objective on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Morgan Stanley increased their target price on shares of Palo Alto Networks from $253.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Rosenblatt Securities raised their target price on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Daiwa Securities Group decreased their price target on Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $306.59.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $287.78 on Friday. The business has a 50 day moving average price of $228.24 and a 200 day moving average price of $192.65. The company has a market cap of $234.54 billion, a price-to-earnings ratio of 235.89, a PEG ratio of 10.69 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $302.95.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The company’s quarterly revenue 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. Research analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

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.