Calamos Advisors LLC Has $42.35 Million Stock Position in Palo Alto Networks, Inc. $PANW

Calamos Advisors LLC increased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 32.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,178 shares of the network technology company’s stock after acquiring an additional 64,925 shares during the period. Calamos Advisors LLC’s holdings in Palo Alto Networks were worth $42,353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at about $1,415,364,000. Vanguard Group Inc. boosted its holdings in shares of Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares during the period. Bank of America Corp DE grew its position in Palo Alto Networks by 11.9% during the fourth quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after purchasing an additional 2,065,776 shares in the last quarter. Employees Provident Fund Board purchased a new position in Palo Alto Networks during the fourth quarter valued at approximately $281,542,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in shares of Palo Alto Networks in the fourth quarter worth $164,968,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Trading Up 1.3%

NASDAQ:PANW opened at $330.30 on Tuesday. The company’s 50 day moving average is $277.09 and its 200-day moving average is $207.76. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $368.17. The firm has a market cap of $269.19 billion, a price-to-earnings ratio of 270.74, a P/E/G ratio of 12.10 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 earnings per share for the quarter, topping 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 business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $0.37 EPS. The firm’s revenue 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. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on PANW shares. Evercore restated an “outperform” rating and issued a $415.00 target price on shares of Palo Alto Networks in a research note on Wednesday, July 8th. Oppenheimer raised their price target on Palo Alto Networks from $275.00 to $350.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. DA Davidson lifted their price target on Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Argus boosted their price target on Palo Alto Networks from $222.00 to $320.00 in a research note on Friday, June 5th. Finally, Cantor Fitzgerald set a $340.00 price objective on Palo Alto Networks and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $319.96.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Helle Thorning-Schmidt sold 700 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,239 shares of company stock worth $27,174,360 in the last three months. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks 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.