Transcend Capital Advisors LLC Increases Holdings in Palo Alto Networks, Inc. $PANW

Transcend Capital Advisors LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 12.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,764 shares of the network technology company’s stock after buying an additional 1,258 shares during the period. Transcend Capital Advisors LLC’s holdings in Palo Alto Networks were worth $2,407,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in PANW. St. Clair Advisors LLC increased its stake in shares of Palo Alto Networks by 0.3% during the 2nd quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock worth $3,233,000 after purchasing an additional 50 shares during the last quarter. Astoria Portfolio Advisors LLC. increased its stake in shares of Palo Alto Networks by 2.1% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock worth $496,000 after purchasing an additional 50 shares during the last quarter. Csenge Advisory Group increased its stake in shares of Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock worth $381,000 after purchasing an additional 53 shares during the last quarter. TFG Advisers LLC increased its position in Palo Alto Networks by 1.1% in the second quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock worth $955,000 after buying an additional 53 shares during the last quarter. Finally, GSG Advisors LLC increased its position in Palo Alto Networks by 0.4% in the first quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock worth $2,154,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Up 1.5%

Shares of NASDAQ:PANW opened at $220.29 on Tuesday. The company has a 50 day moving average of $201.67 and a 200 day moving average of $192.92. The stock has a market cap of $147.35 billion, a P/E ratio of 137.25, a P/E/G ratio of 5.16 and a beta of 0.98. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $221.09.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. Palo Alto Networks’s revenue for the quarter was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In related news, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares in the company, valued at $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president owned 3,143,516 shares of the company’s stock, valued at approximately $543,199,564.80. The trade was a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,315,130 shares of company stock valued at $260,687,367 over the last 90 days. Insiders own 2.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on PANW shares. BTIG Research raised Palo Alto Networks from a “neutral” rating to a “buy” rating in a research report on Monday, October 13th. Piper Sandler raised Palo Alto Networks from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $200.00 to $225.00 in a report on Tuesday, August 12th. Scotiabank lifted their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, August 19th. Rosenblatt Securities reduced their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, August 14th. Finally, Barclays reiterated an “overweight” rating and issued a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $218.17.

Palo Alto Networks Company Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.