RB Capital Management LLC Has $1.35 Million Holdings in Palo Alto Networks, Inc. $PANW

RB Capital Management LLC raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 6,618 shares of the network technology company’s stock after purchasing an additional 511 shares during the quarter. RB Capital Management LLC’s holdings in Palo Alto Networks were worth $1,354,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter worth approximately $29,000. HWG Holdings LP acquired a new position in shares of Palo Alto Networks during the first quarter worth approximately $31,000. Dagco Inc. acquired a new position in shares of Palo Alto Networks during the first quarter worth approximately $33,000. SWAN Capital LLC lifted its position in shares of Palo Alto Networks by 100.0% during the fourth quarter. SWAN Capital LLC now owns 200 shares of the network technology company’s stock worth $36,000 after purchasing an additional 100 shares in the last quarter. Finally, WPG Advisers LLC acquired a new position in shares of Palo Alto Networks during the first quarter worth approximately $37,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other news, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $172.80, for a total transaction of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $184.20, for a total transaction of $128,940.00. Following the sale, the chief accounting officer directly owned 37,723 shares of the company’s stock, valued at $6,948,576.60. This represents a 1.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 569,422 shares of company stock worth $106,629,618 over the last three months. 2.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on PANW shares. Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Scotiabank upped their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, August 19th. BMO Capital Markets boosted their price target on shares of Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 19th. Guggenheim boosted their price target on shares of Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research note on Tuesday, August 19th. Finally, Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Twenty-eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $211.68.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $196.29 on Friday. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $210.39. The company has a market capitalization of $131.30 billion, a PE ratio of 122.30, a PEG ratio of 4.73 and a beta of 0.98. The company has a 50 day moving average price of $188.03 and a two-hundred day moving average price of $185.91.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm’s revenue was up 15.8% compared to the same quarter last year. 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, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.