308,584 Shares in Palo Alto Networks, Inc. $PANW Bought by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 308,584 shares of the network technology company’s stock, valued at approximately $105,233,000. Palo Alto Networks comprises approximately 1.5% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 14th largest position.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in shares of Palo Alto Networks during the second quarter worth about $25,000. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at approximately $26,000. Sittner & Nelson LLC increased its stake in Palo Alto Networks by 73.8% during the 4th 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. N.E.W. Advisory Services LLC bought a new stake in Palo Alto Networks during the 2nd quarter worth approximately $27,000. Finally, Luken Investment Analytics LLC raised its holdings in Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after buying an additional 102 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PANW. Tigress Financial lifted their price target on shares of Palo Alto Networks from $245.00 to $430.00 and gave the company a “buy” rating in a research note on Wednesday, July 15th. Loop Capital raised their price objective on shares of Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, June 3rd. Berenberg Bank raised their price objective on shares of Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. BTIG Research boosted their price objective on shares of Palo Alto Networks from $333.00 to $380.00 and gave the company a “buy” rating in a research report on Tuesday, June 30th. Finally, Jefferies Financial Group set a $335.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $342.61.

Insider Activity at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the sale, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the transaction, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at $23,272,790.88. This trade represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 101,239 shares of company stock worth $27,174,360. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $375.76 on Tuesday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The company’s fifty day simple moving average is $330.20 and its 200-day simple moving average is $237.05. The firm has a market cap of $306.24 billion, a PE ratio of 308.00, a P/E/G ratio of 12.89 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

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.