Gables Capital Management Inc. Buys New Shares in Palo Alto Networks, Inc. $PANW

Gables Capital Management Inc. purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,400 shares of the network technology company’s stock, valued at approximately $477,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Trilogy Capital Inc. boosted its position in shares of Palo Alto Networks by 1.8% during the 2nd quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock worth $725,000 after purchasing an additional 37 shares in the last quarter. Wisconsin Wealth Advisors LLC increased its position in Palo Alto Networks by 1.2% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock valued at $1,093,000 after buying an additional 38 shares in the last quarter. Orrstown Financial Services Inc. raised its stake in Palo Alto Networks by 1.2% during the 2nd quarter. Orrstown Financial Services Inc. now owns 3,197 shares of the network technology company’s stock worth $1,090,000 after buying an additional 38 shares during the period. GSG Advisors LLC raised its stake in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock worth $2,010,000 after buying an additional 51 shares during the period. Finally, Outfitters Financial LLC boosted its holdings in Palo Alto Networks by 1.7% in the fourth quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock worth $601,000 after acquiring an additional 55 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on PANW. Arete Research raised their price objective on Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Argus set a $425.00 target price on Palo Alto Networks in a research report on Tuesday, July 21st. HSBC increased their target price on Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Sanford C. Bernstein boosted their price target on shares of Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company restated an “overweight” rating and set a $475.00 price target (up from $420.00) on shares of Palo Alto Networks in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $351.56.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $374.14 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50-day moving average of $332.48 and a 200-day moving average of $238.39. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $398.88. The company has a market cap of $304.92 billion, a P/E ratio of 306.67, a P/E/G ratio of 12.89 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted 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 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 quarter last year, the business posted $0.37 EPS. The company’s revenue for the quarter 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, Director Helle Thorning-Schmidt sold 700 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares of the company’s stock, valued at $2,045,721.30. This trade represents a 10.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares in the company, valued at $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,839 shares of company stock valued at $27,079,580 in the last ninety days. 1.40% of the stock is 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.