ICONIQ Capital LLC Has $600,000 Holdings in Palo Alto Networks, Inc. $PANW

ICONIQ Capital LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 39.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,515 shares of the network technology company’s stock after buying an additional 989 shares during the quarter. ICONIQ Capital LLC’s holdings in Palo Alto Networks were worth $600,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brighton Jones LLC grew its position in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bank Pictet & Cie Europe AG grew its position in Palo Alto Networks by 115.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 43,985 shares of the network technology company’s stock worth $8,004,000 after purchasing an additional 23,586 shares during the last quarter. Kovitz Investment Group Partners LLC grew its position in Palo Alto Networks by 88.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 19,673 shares of the network technology company’s stock worth $3,580,000 after purchasing an additional 9,221 shares during the last quarter. Capital Analysts LLC grew its position in Palo Alto Networks by 97.0% in the 4th quarter. Capital Analysts LLC now owns 3,264 shares of the network technology company’s stock worth $594,000 after purchasing an additional 1,607 shares during the last quarter. Finally, Coldstream Capital Management Inc. grew its position in Palo Alto Networks by 99.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 15,146 shares of the network technology company’s stock worth $2,756,000 after purchasing an additional 7,553 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on PANW shares. Guggenheim upped their price target on Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a report on Tuesday, August 19th. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Sanford C. Bernstein set a $207.00 price target on shares of Palo Alto Networks and gave the company an “outperform” rating in a report on Tuesday, August 19th. JMP Securities reissued a “market outperform” rating and issued a $212.00 price target on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $223.00 target price on shares of Palo Alto Networks in a research report on Friday, August 15th. Twenty-eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.52.

Palo Alto Networks Stock Up 1.4%

NASDAQ:PANW opened at $185.88 on Monday. The firm has a market cap of $123.94 billion, a PE ratio of 115.81, a price-to-earnings-growth ratio of 4.53 and a beta of 0.94. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $210.39. The company’s 50-day moving average price is $190.61 and its two-hundred day moving average price is $186.32.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company’s revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, research analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $171.58, for a total transaction of $20,722,402.92. Following the completion of the sale, the executive vice president directly owned 206,718 shares of the company’s stock, valued at $35,468,674.44. The trade was a 36.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $201.85, for a total transaction of $1,009,250.00. Following the transaction, the executive vice president owned 101,135 shares of the company’s stock, valued at approximately $20,414,099.75. This represents a 4.71% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 669,948 shares of company stock valued at $126,552,277. 2.50% of the stock is currently owned by corporate insiders.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.