L2 Asset Management LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

L2 Asset Management LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, HoldingsChannel.com reports. The firm bought 4,633 shares of the network technology company’s stock, valued at approximately $1,580,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BlackRock Inc. acquired a new stake in Palo Alto Networks during the second quarter worth approximately $25,833,462,000. Norges Bank acquired a new position in Palo Alto Networks in the 4th quarter valued at $1,415,364,000. Bank of New York Mellon Corp bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $1,569,755,000. Deutsche Bank AG bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $1,481,236,000. Finally, Bank of America Corp DE grew its holdings in shares of Palo Alto Networks by 16.0% during the 1st 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 purchasing an additional 3,101,267 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PANW has been the subject of several recent analyst reports. FBN Securities reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. BNP Paribas Exane boosted their price objective on shares of Palo Alto Networks from $330.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. 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. Finally, Capital One Financial set a $421.00 price target on Palo Alto Networks and gave the company an “overweight” rating in a research note on Thursday, July 16th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $364.00.

Palo Alto Networks Stock Down 1.9%

NASDAQ:PANW opened at $350.90 on Tuesday. The firm’s 50 day simple moving average is $338.70 and its 200 day simple moving average is $243.49. 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 one year low of $139.57 and a one year high of $398.88. The company has a market cap of $285.98 billion, a PE ratio of 287.62, a P/E/G ratio of 12.00 and a beta of 0.91.

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 (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.37 EPS. 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, research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

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 of the company’s stock, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Dipak Golechha sold 5,000 shares of the company’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 sale, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 37,935 shares of company stock valued at $10,809,461 over the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

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.