Pegasus Asset Management Inc. Has $2.08 Million Position in Palo Alto Networks, Inc. $PANW

Pegasus Asset Management Inc. lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 7.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,154 shares of the network technology company’s stock after buying an additional 732 shares during the period. Pegasus Asset Management Inc.’s holdings in Palo Alto Networks were worth $2,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of PANW. Nuveen LLC acquired a new position in shares of Palo Alto Networks during the first quarter worth about $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palo Alto Networks during the second quarter worth about $633,068,000. Goldman Sachs Group Inc. boosted its position in shares of Palo Alto Networks by 41.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock worth $1,234,650,000 after buying an additional 2,134,735 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Palo Alto Networks by 77.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock worth $662,000,000 after buying an additional 1,688,432 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Palo Alto Networks by 2.5% during the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock worth $10,712,019,000 after buying an additional 1,541,637 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on PANW. Barclays reissued an “overweight” rating and set a $215.00 price target (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Scotiabank increased their price target on Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 19th. Needham & Company LLC reissued a “buy” rating and set a $230.00 price target on shares of Palo Alto Networks in a research report on Wednesday, September 3rd. Truist Financial set a $220.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research report on Tuesday, August 19th. Finally, BMO Capital Markets increased their price target on Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research report on Tuesday, August 19th. Twenty-eight equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus price target of $214.95.

Palo Alto Networks Stock Down 3.1%

PANW opened at $208.55 on Monday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $217.94. The stock has a market cap of $139.50 billion, a price-to-earnings ratio of 129.94, a PEG ratio of 4.96 and a beta of 0.98. The business has a 50 day moving average of $192.94 and a 200-day moving average of $189.28.

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

Insider Buying and Selling

In other news, CEO Nikesh Arora sold 846,408 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the completion of the sale, the chief executive officer directly owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total value of $25,594,426.08. Following the transaction, the executive vice president owned 149,190 shares in the company, valued at approximately $31,616,344.80. This trade represents a 44.74% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,315,130 shares of company stock valued at $260,687,367. Insiders own 2.50% of the company’s stock.

Palo Alto Networks 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.