Lee Johnson Capital Management LLC Takes Position in Palo Alto Networks, Inc. $PANW

Lee Johnson Capital Management LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 22,173 shares of the network technology company’s stock, valued at approximately $7,561,000. Palo Alto Networks accounts for 2.4% of Lee Johnson Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. BlackRock Inc. purchased a new position in Palo Alto Networks in the 2nd quarter valued at about $25,833,462,000. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 2,659,100 shares during the period. State Street Corp boosted its holdings in shares of Palo Alto Networks by 2.0% during the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after purchasing an additional 594,789 shares during the last quarter. Bank of America Corp DE grew its position in shares of Palo Alto Networks by 16.0% in the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after purchasing an additional 3,101,267 shares during the period. Finally, Geode Capital Management LLC lifted its position in 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 buying an additional 540,756 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity

In other news, EVP Lee Klarich sold 62,904 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the sale, the executive vice president owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. The trade was a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 over the last ninety days. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. FBN Securities restated an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. JPMorgan Chase & Co. boosted their target price on shares of Palo Alto Networks from $200.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 1st. TD Cowen lifted their price target on shares of Palo Alto Networks from $360.00 to $400.00 and gave the company a “buy” rating in a report on Monday. Tigress Financial boosted their price objective on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Finally, HSBC increased their target price on Palo Alto Networks from $114.00 to $207.00 in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average price target of $342.61.

Palo Alto Networks Price Performance

PANW stock opened at $375.76 on Tuesday. The stock has a 50-day simple moving average of $330.20 and a 200-day simple moving average of $237.05. The firm has a market cap of $306.24 billion, a P/E ratio of 308.00, a price-to-earnings-growth ratio of 12.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last issued 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. 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the company earned $0.37 earnings per share. Palo Alto Networks’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. On average, equities analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal 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.