Worth Asset Management LLC Invests $2.31 Million in Palo Alto Networks, Inc. $PANW

Worth Asset Management LLC purchased a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, Holdings Channel.com reports. The fund purchased 6,759 shares of the network technology company’s stock, valued at approximately $2,305,000. Palo Alto Networks accounts for 0.7% of Worth Asset Management LLC’s portfolio, making the stock its 23rd largest position.

Several other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC purchased a new stake in Palo Alto Networks during the second quarter valued at about $25,000. Knuff & Co LLC bought a new position in Palo Alto Networks during the fourth quarter worth about $26,000. Steph & Co. increased its stake in shares of Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter. Sittner & Nelson LLC increased its stake in shares of Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, WHI TRUST Co LLC bought a new stake in shares of Palo Alto Networks in the fourth quarter valued at approximately $28,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. This trade represents a 37.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks 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 sale, the executive vice president owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock valued at $27,174,360 over the last 90 days. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Royal Bank Of Canada upped their price target on shares of Palo Alto Networks from $255.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Loop Capital lifted their price objective on shares of Palo Alto Networks from $160.00 to $290.00 and gave the company a “hold” rating in a research note on Wednesday, June 3rd. Tigress Financial boosted their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a report on Wednesday, July 15th. The Goldman Sachs Group restated a “buy” rating and set a $330.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Truist Financial raised their price target on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $333.76.

Palo Alto Networks Stock Up 1.2%

Shares of NASDAQ:PANW opened at $363.86 on Friday. The firm has a fifty day moving average price of $317.88 and a two-hundred day moving average price of $228.20. 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 $376.98. The company has a market cap of $296.55 billion, a price-to-earnings ratio of 298.25, a PEG ratio of 12.06 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the business earned $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. Analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

About Palo Alto Networks

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.