SCS Capital Management LLC Purchases Shares of 55,211 Palo Alto Networks, Inc. $PANW

SCS Capital Management LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the first quarter, HoldingsChannel reports. The fund purchased 55,211 shares of the network technology company’s stock, valued at approximately $9,421,000.

A number of other hedge funds have also recently bought and sold shares of PANW. Capital A Wealth Management LLC bought a new stake in Palo Alto Networks in the 4th quarter valued at $29,000. HWG Holdings LP bought a new stake in Palo Alto Networks in the 1st quarter valued at $31,000. Dagco Inc. bought a new stake in Palo Alto Networks in the 1st quarter valued at $33,000. SWAN Capital LLC boosted its holdings in Palo Alto Networks by 100.0% in the 4th quarter. SWAN Capital LLC now owns 200 shares of the network technology company’s stock valued at $36,000 after purchasing an additional 100 shares during the period. Finally, WPG Advisers LLC bought a new stake in Palo Alto Networks in the 1st quarter valued at $37,000. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Up 1.5%

Shares of PANW stock opened at $197.38 on Tuesday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $210.39. The company has a market capitalization of $132.03 billion, a P/E ratio of 122.98, a P/E/G ratio of 4.64 and a beta of 0.98. The firm has a 50-day moving average price of $188.19 and a 200 day moving average price of $185.67.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, research analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. KeyCorp downgraded shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. Scotiabank raised their price objective on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a report on Tuesday, August 19th. JPMorgan Chase & Co. reduced their price objective on shares of Palo Alto Networks from $225.00 to $221.00 and set an “overweight” rating for the company in a report on Wednesday, May 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $223.00 price objective on shares of Palo Alto Networks in a report on Friday, August 15th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Twenty-eight equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given 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 price target of $211.68.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $184.20, for a total value of $128,940.00. Following the completion of the sale, the chief accounting officer owned 37,723 shares in the company, valued at approximately $6,948,576.60. This trade represents a 1.82% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares of the company’s stock, valued at $34,008,788.94. The trade was a 40.43% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 569,422 shares of company stock worth $106,629,618. 2.50% of the stock is owned by 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.