Alta Park Capital LP Buys 38,139 Shares of Palo Alto Networks, Inc. $PANW

Alta Park Capital LP lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 36.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 143,139 shares of the network technology company’s stock after purchasing an additional 38,139 shares during the period. Palo Alto Networks accounts for 3.2% of Alta Park Capital LP’s holdings, making the stock its 12th biggest position. Alta Park Capital LP’s holdings in Palo Alto Networks were worth $26,366,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in PANW. Brighton Jones LLC grew its stake in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after acquiring an additional 4,031 shares during the period. Bison Wealth LLC grew its stake in shares of Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares during the period. Sivia Capital Partners LLC grew its stake in shares of Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after acquiring an additional 1,389 shares during the period. Osterweis Capital Management Inc. grew its stake 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 acquiring an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC grew its stake 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 acquiring an additional 249 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other news, CEO Nikesh Arora purchased 68,085 shares of the stock in a transaction on Friday, March 27th. The shares were acquired at an average price of $146.87 per share, with a total value of $9,999,643.95. Following the completion of the acquisition, the chief executive officer directly owned 343,394 shares of the company’s stock, valued at $50,434,276.78. This trade represents a 24.73% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the transaction, the executive vice president directly owned 235,983 shares in the company, valued at $61,037,002.95. This trade represents a 21.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 101,044 shares of company stock valued at $26,022,722. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $282.13 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $302.95. The company has a market capitalization of $229.94 billion, a P/E ratio of 231.25, a P/E/G ratio of 10.39 and a beta of 0.94. The firm’s 50 day simple moving average is $223.60 and its two-hundred day simple moving average is $191.30.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly 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 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 the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The company’s revenue for the quarter 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. Research analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on PANW shares. Citigroup restated a “market outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. TD Cowen restated a “buy” rating and set a $330.00 target price (up from $255.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Needham & Company LLC boosted their target price on shares of Palo Alto Networks from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. FBN Securities restated an “outperform” rating and set a $330.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Susquehanna restated a “positive” rating and set a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $306.59.

About Palo Alto Networks

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.