Jennison Associates LLC Grows Stock Holdings in Palo Alto Networks, Inc. $PANW

Jennison Associates LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 32.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 39,741 shares of the network technology company’s stock after purchasing an additional 9,825 shares during the period. Jennison Associates LLC’s holdings in Palo Alto Networks were worth $8,133,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Fairfield Financial Advisors LTD lifted its holdings in shares of Palo Alto Networks by 6.3% during the second quarter. Fairfield Financial Advisors LTD now owns 15,778 shares of the network technology company’s stock valued at $3,229,000 after purchasing an additional 936 shares during the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Palo Alto Networks by 1.3% during the second quarter. New York Life Investment Management LLC now owns 99,263 shares of the network technology company’s stock valued at $20,313,000 after purchasing an additional 1,300 shares during the last quarter. Private Wealth Partners LLC lifted its holdings in shares of Palo Alto Networks by 15.9% during the second quarter. Private Wealth Partners LLC now owns 5,453 shares of the network technology company’s stock valued at $1,116,000 after purchasing an additional 750 shares during the last quarter. Integral Investment Advisors Inc. lifted its holdings in shares of Palo Alto Networks by 6.3% during the second quarter. Integral Investment Advisors Inc. now owns 12,388 shares of the network technology company’s stock valued at $2,535,000 after purchasing an additional 735 shares during the last quarter. Finally, Howard Capital Management Inc. lifted its holdings in shares of Palo Alto Networks by 28.8% during the second quarter. Howard Capital Management Inc. now owns 20,879 shares of the network technology company’s stock valued at $4,273,000 after purchasing an additional 4,665 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, September 23rd. The shares were 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 owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 700 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total transaction of $141,512.00. Following the sale, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,215,130 shares of company stock worth $243,407,367. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Up 0.9%

NASDAQ:PANW opened at $220.24 on Friday. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $223.61. The company has a market cap of $147.32 billion, a PE ratio of 137.22, a price-to-earnings-growth ratio of 5.19 and a beta of 0.98. The company has a 50 day simple moving average of $204.51 and a two-hundred day simple moving average of $194.16.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’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. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on PANW. Wedbush reiterated an “outperform” rating and set a $225.00 target price on shares of Palo Alto Networks in a report on Monday, September 15th. BTIG Research upgraded shares of Palo Alto Networks from a “neutral” rating to a “buy” rating in a report on Monday, October 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Royal Bank Of Canada restated an “outperform” rating and issued a $232.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $223.00 price objective on shares of Palo Alto Networks in a report on Friday, August 15th. Thirty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock 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.