Gables Capital Management Inc. Takes Position in Palo Alto Networks, Inc. $PANW

Gables Capital Management Inc. bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 1,400 shares of the network technology company’s stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Darwin Wealth Management LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at about $25,000. Knuff & Co LLC bought a new stake in shares of Palo Alto Networks during the 4th quarter worth approximately $26,000. Sittner & Nelson LLC lifted its stake in Palo Alto Networks by 73.8% during 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 during the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth $27,000. Finally, Luken Investment Analytics LLC lifted its position in shares of 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 last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the topic of a number of research analyst reports. Wedbush raised their price target on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Piper Sandler reiterated an “overweight” rating and set a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Evercore restated an “outperform” rating and issued a $415.00 target price on shares of Palo Alto Networks in a research report on Wednesday, July 8th. Citizens Jmp boosted their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley set a $400.00 price target on shares of Palo Alto Networks in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $351.56.

Palo Alto Networks Stock Down 0.4%

Shares of NASDAQ:PANW opened at $374.14 on Wednesday. The firm has a market cap of $304.92 billion, a P/E ratio of 306.67, a P/E/G ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The business has a fifty day simple moving average of $332.48 and a 200 day simple moving average of $238.39. 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 in the prior year, the firm posted $0.37 EPS. The company’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. Analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the sale, the executive vice president directly owned 235,983 shares in the company, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the transaction, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $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. Insiders have sold 100,839 shares of company stock valued at $27,079,580 over the last three months. 1.40% of the stock is currently owned by corporate 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.