Succession Financial Inc. Buys Shares of 1,602 Palo Alto Networks, Inc. $PANW

Succession Financial Inc. bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 1,602 shares of the network technology company’s stock, valued at approximately $546,000. Palo Alto Networks makes up about 0.5% of Succession Financial Inc.’s investment portfolio, making the stock its 17th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in PANW. Brighton Jones LLC lifted its stake in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares during the period. Bison Wealth LLC grew its position in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after buying an additional 3,275 shares during the period. Sivia Capital Partners LLC increased its holdings in Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after buying an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. increased its holdings in Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after buying an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in shares of Palo Alto Networks by 6.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after acquiring an additional 249 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $375.76 on Tuesday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock has a market cap of $306.24 billion, a price-to-earnings ratio of 308.00, a price-to-earnings-growth ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The business has a fifty day moving average of $330.20 and a 200-day moving average of $237.05.

Palo Alto Networks (NASDAQ:PANW) last released its 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. The company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. 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. As a group, analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director owned 12,500 shares in the company, valued at $3,490,500. This trade represents a 37.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction on 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 sale, the executive vice president directly owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 101,239 shares of company stock worth $27,174,360. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the topic of a number of research reports. Royal Bank Of Canada restated an “outperform” rating and issued a $434.00 price target (up from $330.00) on shares of Palo Alto Networks in a report on Friday. William Blair reissued an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. Citizens Jmp raised their price target on Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. Arete Research boosted their price objective on shares of Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Barclays reissued an “overweight” rating and issued a $370.00 price objective (up from $315.00) on shares of Palo Alto Networks in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $342.61.

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.