Convergence Investment Partners LLC Makes New $2.04 Million Investment in Palo Alto Networks, Inc. $PANW

Convergence Investment Partners LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,721 shares of the network technology company’s stock, valued at approximately $2,039,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Janney Montgomery Scott LLC boosted its position in shares of Palo Alto Networks by 15.0% in the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock worth $65,796,000 after purchasing an additional 53,485 shares during the period. Aviva PLC raised its position in shares of Palo Alto Networks by 5.4% during the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after purchasing an additional 29,230 shares during the period. Granite Islands Private Wealth LLC lifted its stake in shares of Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock valued at $2,453,000 after buying an additional 4,659 shares in the last quarter. Peapack Gladstone Financial Corp lifted its stake in shares of Palo Alto Networks by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock valued at $8,926,000 after buying an additional 3,926 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in Palo Alto Networks in the 4th quarter worth $1,554,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’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 transaction, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock valued at $27,174,360 over the last three months. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on PANW shares. Argus increased their price target on Palo Alto Networks from $222.00 to $320.00 in a research note on Friday, June 5th. Tigress Financial upped their price objective on Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Rosenblatt Securities increased their target price on Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group set a $335.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Truist Financial boosted their price target on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $327.74.

Palo Alto Networks Price Performance

NASDAQ:PANW opened at $348.66 on Tuesday. The firm has a market capitalization of $284.16 billion, a price-to-earnings ratio of 285.79, a PEG ratio of 13.32 and a beta of 0.91. 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 business has a 50 day simple moving average of $292.74 and a 200-day simple moving average of $213.62. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results 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 return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.37 EPS. The company’s revenue for the quarter 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. Equities analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

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.