Turn8 Private Wealth Inc. Makes New $2.71 Million Investment in Palo Alto Networks, Inc. $PANW

Turn8 Private Wealth Inc. bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,900 shares of the network technology company’s stock, valued at approximately $2,709,000. Palo Alto Networks makes up approximately 1.7% of Turn8 Private Wealth Inc.’s holdings, making the stock its 29th biggest holding.

A number of other institutional investors have also made changes to their positions in PANW. WBH Advisory Inc. lifted its position in Palo Alto Networks by 52.1% during the 1st quarter. WBH Advisory Inc. now owns 1,752 shares of the network technology company’s stock worth $281,000 after buying an additional 600 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Palo Alto Networks by 16.1% during the 1st quarter. QRG Capital Management Inc. now owns 85,840 shares of the network technology company’s stock worth $13,762,000 after acquiring an additional 11,888 shares during the last quarter. Lafayette Investments Inc. grew its holdings in Palo Alto Networks by 4.7% during the 1st quarter. Lafayette Investments Inc. now owns 4,482 shares of the network technology company’s stock worth $719,000 after acquiring an additional 200 shares during the last quarter. Simplify Asset Management Inc. acquired a new stake in Palo Alto Networks in the 1st quarter valued at about $636,000. Finally, HB Wealth Management LLC increased its position in Palo Alto Networks by 7.9% in the 1st quarter. HB Wealth Management LLC now owns 49,347 shares of the network technology company’s stock valued at $7,911,000 after acquiring an additional 3,603 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $348.06 on Friday. 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 stock has a market cap of $283.67 billion, a price-to-earnings ratio of 285.30, a P/E/G ratio of 12.92 and a beta of 0.91. The company has a 50 day moving average of $258.43 and a 200-day moving average of $201.39. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $358.10.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share 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 business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $0.37 earnings per share. Palo Alto Networks’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. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on PANW. Citigroup reiterated a “market outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Argus boosted their price objective on shares of Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. BMO Capital Markets upped their price objective on Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada increased their price objective on Palo Alto Networks from $255.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, UBS Group set a $300.00 target price on Palo Alto Networks and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and an average price target of $316.15.

Insider Activity at Palo Alto Networks

In other news, Director John P. Key sold 7,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. This represents a 37.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the firm’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 completion of the transaction, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 102,111 shares of company stock worth $27,204,024. 1.40% of the stock is owned by company insiders.

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.