Maridea Wealth Management LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Maridea Wealth Management LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, Holdings Channel reports. The firm bought 12,478 shares of the network technology company’s stock, valued at approximately $4,255,000.

Several other institutional investors and hedge funds have also modified their holdings of PANW. Bridgewater Advisors Inc. acquired a new position in shares of Palo Alto Networks in the second quarter worth $2,159,000. SFE Investment Counsel purchased a new stake in shares of Palo Alto Networks during the second quarter worth $27,463,000. Bank Hapoalim BM acquired a new stake in Palo Alto Networks during the second quarter valued at $310,000. BIP Wealth LLC acquired a new stake in Palo Alto Networks during the second quarter valued at $3,492,000. Finally, Trifecta Capital Advisors LLC purchased a new position in Palo Alto Networks in the second quarter valued at about $24,043,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Down 3.0%

Palo Alto Networks stock opened at $384.27 on Friday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $398.88. The company’s fifty day moving average price is $328.02 and its two-hundred day moving average price is $235.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $313.18 billion, a price-to-earnings ratio of 314.98, a PEG ratio of 12.89 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 for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share. 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, analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Wedbush lifted their price target on Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. DA Davidson boosted their price target on Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. BTIG Research increased their price objective on Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Finally, Stephens raised their price objective on shares of Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. One 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 given a Sell rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.61.

Insiders Place Their Bets

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Key sold 7,500 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director owned 12,500 shares in the company, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 101,239 shares of company stock worth $27,174,360 in the last three months. 1.40% of the stock is owned by 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.