Pincus Capital Management LP Purchases Shares of 2,850 Palo Alto Networks, Inc. $PANW

Pincus Capital Management LP purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,850 shares of the network technology company’s stock, valued at approximately $525,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in PANW. Westfield Capital Management Co. LP purchased a new stake in shares of Palo Alto Networks during the 3rd quarter worth about $75,412,000. American Century Companies Inc. grew its holdings in shares of Palo Alto Networks by 134.1% during the 3rd quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock worth $136,859,000 after purchasing an additional 384,985 shares during the period. US Bancorp DE grew its holdings in shares of Palo Alto Networks by 0.6% during the 3rd quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock worth $277,828,000 after purchasing an additional 8,344 shares during the period. Generali Investments Management Co LLC grew its holdings in shares of Palo Alto Networks by 38.4% during the 3rd quarter. Generali Investments Management Co LLC now owns 54,401 shares of the network technology company’s stock worth $11,077,000 after purchasing an additional 15,091 shares during the period. Finally, Oak Thistle LLC purchased a new stake in shares of Palo Alto Networks during the 4th quarter worth about $1,554,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks News Summary

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: JPMorgan raised its price target on Palo Alto Networks to $300 from $200 and kept an overweight rating, signaling continued optimism about the company’s growth outlook. JPMorgan price target update
• Positive Sentiment: Robert W. Baird also lifted its price target to $300 from $265 and reiterated an outperform rating, reinforcing the view that PANW can sustain momentum into earnings. Baird price target update
• Positive Sentiment: Palo Alto Networks completed its acquisition of Portkey, an AI gateway provider, which should strengthen its Prisma AIRS platform and expand its AI-security offerings. Portkey acquisition article
• Neutral Sentiment: Multiple articles note that PANW is approaching its earnings release, with traders expecting a meaningful post-earnings move; that keeps attention on the stock but does not by itself confirm direction. Earnings watch article
• Neutral Sentiment: Jim Cramer said the stock “tends to run into the quarter,” reflecting a seasonal trading thesis rather than a new fundamental catalyst. Jim Cramer commentary

Insider Buying and Selling

In other Palo Alto Networks news, Director James J. Goetz sold 22,684 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $164.41, for a total value of $3,729,476.44. Following the transaction, the director directly owned 52,500 shares of the company’s stock, valued at $8,631,525. This represents a 30.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John P. Key sold 1,572 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $173.32, for a total value of $272,459.04. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $3,466,400. The trade was a 7.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 93,660 shares of company stock worth $21,346,475 over the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on PANW shares. Daiwa Securities Group decreased their target price on Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating for the company in a report on Tuesday, February 24th. Rosenblatt Securities boosted their target price on Palo Alto Networks from $225.00 to $275.00 and gave the stock a “buy” rating in a report on Monday, May 18th. New Street Research decreased their target price on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Susquehanna decreased their target price on Palo Alto Networks from $230.00 to $200.00 and set a “positive” rating for the company in a report on Wednesday, February 18th. Finally, Needham & Company LLC decreased their target price on Palo Alto Networks from $230.00 to $200.00 and set a “buy” rating for the company in a report on Wednesday, February 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $238.23.

Palo Alto Networks Stock Up 6.7%

NASDAQ PANW opened at $300.48 on Tuesday. The stock has a market cap of $245.19 billion, a PE ratio of 166.01, a P/E/G ratio of 10.16 and a beta of 0.94. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95. The business has a 50 day moving average price of $195.20 and a two-hundred day moving average price of $184.31.

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.