Pallas Capital Advisors LLC Purchases Shares of 23,020 Palo Alto Networks, Inc. $PANW

Pallas Capital Advisors LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,020 shares of the network technology company’s stock, valued at approximately $7,850,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. N.E.W. Advisory Services LLC acquired a new stake in shares of Palo Alto Networks during the 2nd quarter worth about $27,000. Allied Private Wealth LLC acquired a new position in Palo Alto Networks in the 2nd quarter valued at about $38,000. Darwin Wealth Management LLC acquired a new position in Palo Alto Networks in the 2nd quarter valued at about $25,000. Knuff & Co LLC bought a new position in Palo Alto Networks in the 4th quarter valued at about $26,000. Finally, Sittner & Nelson LLC lifted its position in Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 62 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Down 2.2%

Shares of PANW opened at $375.76 on Tuesday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The firm’s 50 day moving average is $330.20 and its 200-day moving average is $237.05. The stock has a market capitalization of $306.24 billion, a PE ratio of 308.00, a P/E/G ratio of 12.89 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

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. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company posted $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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PANW. Wedbush boosted their price objective on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $330.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. BTIG Research lifted their price target on Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Mizuho boosted their price target on Palo Alto Networks from $265.00 to $305.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price objective (up from $350.00) on shares of Palo Alto Networks in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $342.61.

Insider Activity at Palo Alto Networks

In related news, Director Helle Thorning-Schmidt sold 700 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director owned 5,898 shares of the company’s stock, valued at $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Profile

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.