Turtle Creek Wealth Advisors LLC Boosts Stock Position in Palo Alto Networks, Inc. $PANW

Turtle Creek Wealth Advisors LLC lifted its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 92.4% in the first quarter, HoldingsChannel reports. The fund owned 5,977 shares of the network technology company’s stock after acquiring an additional 2,870 shares during the period. Turtle Creek Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. South Plains Financial Inc. lifted its holdings in Palo Alto Networks by 1.0% during the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock valued at $982,000 after purchasing an additional 50 shares in the last quarter. Fayez Sarofim & Co increased its stake in shares of Palo Alto Networks by 1.2% in the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after purchasing an additional 50 shares in the last quarter. Certified Advisory Corp increased its stake in shares of Palo Alto Networks by 0.3% in the third quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after purchasing an additional 51 shares in the last quarter. Cooper Financial Group raised its position in shares of Palo Alto Networks by 1.3% during the 4th quarter. Cooper Financial Group now owns 4,227 shares of the network technology company’s stock valued at $779,000 after purchasing an additional 53 shares during the period. Finally, Outfitters Financial LLC raised its position in shares of Palo Alto Networks by 1.7% during the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after purchasing an additional 55 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on PANW shares. Rosenblatt Securities upped their target price on shares of Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Evercore reiterated an “outperform” rating and issued a $375.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Stephens raised their price target on Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Citigroup restated a “market outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, FBN Securities reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $316.15.

Insider Activity

In other news, Director John P. Key sold 7,500 shares of Palo Alto Networks 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 directly owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 102,111 shares of company stock valued at $27,204,024. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $348.06 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a fifty day moving average price of $258.43 and a 200 day moving average price of $201.39. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $358.10. The firm has a market cap of $283.67 billion, a price-to-earnings ratio of 285.30, a P/E/G ratio of 12.92 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share 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.