Stableford Capital II LLC Sells 5,520 Shares of Palo Alto Networks, Inc. $PANW

Stableford Capital II LLC trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 72.5% in the 2nd quarter, Holdings Channel reports. The firm owned 2,099 shares of the network technology company’s stock after selling 5,520 shares during the quarter. Stableford Capital II LLC’s holdings in Palo Alto Networks were worth $716,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of 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 valued at $1,230,000 after acquiring an additional 4,031 shares in the last quarter. Bison Wealth LLC grew its holdings in shares of Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after purchasing an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after purchasing an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. increased its position in shares of Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after purchasing an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its position in shares of Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock worth $900,000 after purchasing an additional 249 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price target on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Wolfe Research restated an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Truist Financial lifted their price objective on shares of Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $387.00 target price (up from $320.00) on shares of Palo Alto Networks in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.48.

Palo Alto Networks Trading Up 4.6%

PANW stock opened at $347.13 on Tuesday. The company has a market capitalization of $282.91 billion, a PE ratio of 284.53, a price-to-earnings-growth ratio of 12.32 and a beta of 0.91. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80. The company’s 50 day moving average price is $309.73 and its two-hundred day moving average price is $223.57. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the company earned $0.37 EPS. The firm’s revenue was up 31.1% on a year-over-year basis. 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. As a group, analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Activity

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the sale, the executive vice president owned 145,250 shares of the company’s stock, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 101,239 shares of company stock valued at $27,174,360. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Company 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.