Rockefeller Capital Management L.P. Grows Position in Palo Alto Networks, Inc. $PANW

Rockefeller Capital Management L.P. increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 982,633 shares of the network technology company’s stock after acquiring an additional 37,083 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Palo Alto Networks were worth $181,001,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of PANW. Aviva PLC grew its position in Palo Alto Networks by 5.4% in the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock worth $104,774,000 after acquiring an additional 29,230 shares in the last quarter. Westfield Capital Management Co. LP purchased a new stake in Palo Alto Networks during the third quarter valued at approximately $75,412,000. Peapack Gladstone Financial Corp lifted its stake in shares of Palo Alto Networks by 8.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock valued at $8,926,000 after purchasing an additional 3,926 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Palo Alto Networks by 134.1% in the 3rd quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock valued at $136,859,000 after purchasing an additional 384,985 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Palo Alto Networks by 0.6% in 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. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Capital One Financial boosted their target price on Palo Alto Networks from $168.00 to $248.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 19th. UBS Group set a $300.00 price target on Palo Alto Networks and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Citigroup reaffirmed a “market outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Argus boosted their price objective on shares of Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Finally, Guggenheim downgraded shares of Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $306.59.

Insider Activity

In other news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the sale, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. The trade was a 1.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John P. Key sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the transaction, the director owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 101,044 shares of company stock valued at $26,022,722. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $287.78 on Friday. The stock has a 50 day moving average price of $228.24 and a 200 day moving average price of $192.65. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $302.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $234.54 billion, a P/E ratio of 235.89, a P/E/G ratio of 10.69 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the company posted $0.37 EPS. Palo Alto Networks’s quarterly revenue was up 31.1% on a year-over-year basis. 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, sell-side 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.