Peapack Gladstone Financial Corp Has $8.93 Million Stake in Palo Alto Networks, Inc. $PANW

Peapack Gladstone Financial Corp increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,458 shares of the network technology company’s stock after acquiring an additional 3,926 shares during the period. Peapack Gladstone Financial Corp’s holdings in Palo Alto Networks were worth $8,926,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in PANW. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $25,000. Steph & Co. increased its holdings in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 67 shares during the last quarter. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the 4th quarter valued at about $26,000. Luken Investment Analytics LLC increased its holdings in shares of Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 102 shares during the last quarter. Finally, WHI TRUST Co LLC acquired a new position in shares of Palo Alto Networks during the 4th quarter valued at about $28,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $300.48 on Tuesday. The company has a market capitalization of $245.19 billion, a PE ratio of 166.01, a price-to-earnings-growth ratio of 10.16 and a beta of 0.94. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $302.95. The business has a 50 day simple moving average of $195.20 and a 200 day simple moving average of $184.31.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the transaction, the executive vice president owned 235,983 shares in the company, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. 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 Palo Alto Networks stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the transaction, the executive vice president owned 150,250 shares of the company’s stock, valued at approximately $24,103,105. The trade was a 3.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 93,660 shares of company stock worth $21,346,475 over the last three months. 1.40% of the stock is currently owned by insiders.

Key Headlines Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: JPMorgan raised its price target on Palo Alto Networks to $300 from $200 and kept an overweight rating, signaling continued optimism about the company’s growth outlook. JPMorgan price target update
• Positive Sentiment: Robert W. Baird also lifted its price target to $300 from $265 and reiterated an outperform rating, reinforcing the view that PANW can sustain momentum into earnings. Baird price target update
• Positive Sentiment: Palo Alto Networks completed its acquisition of Portkey, an AI gateway provider, which should strengthen its Prisma AIRS platform and expand its AI-security offerings. Portkey acquisition article
• Neutral Sentiment: Multiple articles note that PANW is approaching its earnings release, with traders expecting a meaningful post-earnings move; that keeps attention on the stock but does not by itself confirm direction. Earnings watch article
• Neutral Sentiment: Jim Cramer said the stock “tends to run into the quarter,” reflecting a seasonal trading thesis rather than a new fundamental catalyst. Jim Cramer commentary

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. New Street Research lowered their target price on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Sanford C. Bernstein set a $209.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, February 18th. Rosenblatt Securities raised their target price on Palo Alto Networks from $225.00 to $275.00 and gave the company a “buy” rating in a report on Monday, May 18th. Citigroup reaffirmed a “buy” rating and issued a $210.00 target price (down from $235.00) on shares of Palo Alto Networks in a report on Thursday, February 19th. Finally, Argus raised Palo Alto Networks to a “strong-buy” rating in a report on Friday, February 20th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $238.23.

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.