Pursue Wealth Partners LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Pursue Wealth Partners LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, Holdings Channel.com reports. The firm bought 12,960 shares of the network technology company’s stock, valued at approximately $4,420,000. Palo Alto Networks accounts for approximately 2.5% of Pursue Wealth Partners LLC’s holdings, making the stock its 16th largest holding.

Several other hedge funds have also modified their holdings of PANW. Vanguard Group Inc. lifted its holdings in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after buying an additional 2,659,100 shares in the last quarter. State Street Corp increased its stake in shares of Palo Alto Networks by 2.0% in the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after buying an additional 594,789 shares during the period. Bank of America Corp DE raised its position in shares of Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after acquiring an additional 540,756 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Palo Alto Networks during the fourth quarter valued at $1,415,364,000. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the transaction, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 in the last three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks Stock Down 2.2%

Shares of NASDAQ:PANW opened at $375.76 on Tuesday. The company has a 50 day moving average price of $330.20 and a two-hundred day moving average price of $237.05. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market capitalization of $306.24 billion, a PE ratio of 308.00, a PEG ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the firm posted $0.37 earnings per share. The business’s quarterly revenue 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PANW. HSBC raised their price target on Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Stephens upped their target price on shares of Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Rosenblatt Securities raised their target price on shares of Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Guggenheim cut shares of Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research report on Wednesday, May 27th. Finally, William Blair reissued an “outperform” rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $342.61.

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.