Lewis Asset Management LLC Has $878,000 Holdings in Palo Alto Networks, Inc. $PANW

Lewis Asset Management LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 45.4% in the first quarter, HoldingsChannel reports. The fund owned 5,475 shares of the network technology company’s stock after acquiring an additional 1,710 shares during the period. Lewis Asset Management LLC’s holdings in Palo Alto Networks were worth $878,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brighton Jones LLC lifted its holdings in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after buying an additional 4,031 shares in the last quarter. Bison Wealth LLC increased its stake in shares of Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after buying an additional 3,275 shares during the period. Sivia Capital Partners LLC raised its position in shares of Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after acquiring an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. raised its position in shares of Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after acquiring an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its stake in shares of Palo Alto Networks by 6.0% during the second 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. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Up 3.8%

Palo Alto Networks stock opened at $304.20 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $306.24. 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 company has a 50 day moving average of $241.22 and a 200-day moving average of $196.11. The stock has a market capitalization of $247.92 billion, a PE ratio of 249.34, a price-to-earnings-growth ratio of 10.88 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business earned $0.37 EPS. The company’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. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on PANW. Royal Bank Of Canada lifted their price objective on Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Evercore reissued an “outperform” rating and set a $375.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Citigroup restated a “market outperform” rating on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $306.59.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total transaction of $802,100.00. Following the sale, the executive vice president directly owned 150,250 shares in the company, valued at $24,103,105. This trade represents a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 106,389 shares of company stock worth $27,570,630. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Company 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.