Ovata Capital Management Ltd Invests $1 Million in Palo Alto Networks, Inc. $PANW

Ovata Capital Management Ltd acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,900 shares of the network technology company’s stock, valued at approximately $1,003,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Phocas Financial Corp. purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth about $239,000. ROI Financial Advisors LLC boosted its holdings in shares of Palo Alto Networks by 2.7% in the 2nd quarter. ROI Financial Advisors LLC now owns 27,653 shares of the network technology company’s stock worth $5,659,000 after purchasing an additional 718 shares in the last quarter. Convergence Financial LLC boosted its holdings in shares of Palo Alto Networks by 31.8% in the 2nd quarter. Convergence Financial LLC now owns 4,737 shares of the network technology company’s stock worth $969,000 after purchasing an additional 1,142 shares in the last quarter. EFG Asset Management North America Corp. boosted its holdings in shares of Palo Alto Networks by 27.9% in the 2nd quarter. EFG Asset Management North America Corp. now owns 30,665 shares of the network technology company’s stock worth $6,274,000 after purchasing an additional 6,695 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in Palo Alto Networks by 1.7% during the second quarter. First Horizon Advisors Inc. now owns 4,868 shares of the network technology company’s stock valued at $996,000 after buying an additional 82 shares during the period. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 0.6%

Palo Alto Networks stock opened at $213.18 on Thursday. The firm has a 50-day moving average of $206.32 and a 200-day moving average of $195.29. The firm has a market cap of $142.60 billion, a P/E ratio of 132.82, a P/E/G ratio of 5.10 and a beta of 0.95. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. The company had revenue of $2.54 billion during the quarter, compared to analyst estimates 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 period in the prior year, the business posted $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. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $219.97, for a total value of $153,979.00. Following the completion of the sale, the chief accounting officer directly owned 47,505 shares in the company, valued at $10,449,674.85. This trade represents a 1.45% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Nikesh Arora sold 846,408 shares of the firm’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 sale, the chief executive officer 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,215,830 shares of company stock valued at $249,160,428. 2.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $225.00 price target on shares of Palo Alto Networks in a research report on Monday, September 15th. Royal Bank Of Canada restated an “outperform” rating and set a $232.00 price target on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Citigroup restated an “outperform” rating on shares of Palo Alto Networks in a research report on Monday, October 27th. Piper Sandler upgraded shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and upped their price target for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. Finally, Tigress Financial assumed coverage on shares of Palo Alto Networks in a research report on Friday, September 26th. They set a “buy” rating and a $245.00 price target for the company. Thirty investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $218.17.

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.