Trust Asset Management LLC Boosts Stake in Palo Alto Networks, Inc. $PANW

Trust Asset Management LLC grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 19.4% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 8,639 shares of the network technology company’s stock after buying an additional 1,401 shares during the period. Trust Asset Management LLC’s holdings in Palo Alto Networks were worth $2,946,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirador Capital Partners LP lifted its position in Palo Alto Networks by 1.9% in the second quarter. Mirador Capital Partners LP now owns 50,198 shares of the network technology company’s stock valued at $17,118,000 after buying an additional 930 shares during the last quarter. Inspirion Wealth Advisors LLC purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $256,000. Baron Wealth Management LLC purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at approximately $307,000. GAMMA Investing LLC lifted its holdings in shares of Palo Alto Networks by 19.7% in the 2nd quarter. GAMMA Investing LLC now owns 27,094 shares of the network technology company’s stock worth $9,240,000 after acquiring an additional 4,461 shares during the last quarter. Finally, Avior Wealth Management LLC boosted its position in shares of Palo Alto Networks by 148.6% during the 2nd quarter. Avior Wealth Management LLC now owns 16,988 shares of the network technology company’s stock worth $5,793,000 after purchasing an additional 10,155 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $362.66 on Thursday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $376.98. The company has a fifty day simple moving average of $314.20 and a two-hundred day simple moving average of $226.04. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The company has a market cap of $295.57 billion, a price-to-earnings ratio of 297.26, a price-to-earnings-growth ratio of 12.31 and a beta of 0.91.

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 the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the firm earned $0.37 earnings per share. 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, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Aparna Bawa sold 290 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the sale, the director owned 6,437 shares in the company, valued at $2,244,839.38. The trade was a 4.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,239 shares of company stock worth $27,174,360 over the last ninety days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Needham & Company LLC lifted their target price on shares of Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Arete Research raised their price target on Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Scotiabank reiterated a “sector outperform” rating and issued a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. DA Davidson increased their target price on Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Berenberg Bank raised their target price on Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. One equities research 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 given a Sell rating to the company’s stock. According to MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average target price of $333.76.

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.