Saranac Partners Ltd Makes New Investment in Palo Alto Networks, Inc. $PANW

Saranac Partners Ltd acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, HoldingsChannel reports. The institutional investor acquired 3,856 shares of the network technology company’s stock, valued at approximately $1,315,000.

Several other hedge funds have also added to or reduced their stakes in PANW. Brighton Jones LLC grew its holdings in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after acquiring an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC increased its position in Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after acquiring an additional 1,389 shares during the period. Osterweis Capital Management Inc. raised its stake in Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after purchasing an additional 249 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other news, Director Helle Thorning-Schmidt sold 700 shares of the stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. This represents a 10.61% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction 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 sale, the chief accounting officer directly owned 81,636 shares in the company, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 37,935 shares of company stock valued at $10,809,461. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Trading Up 0.0%

PANW opened at $358.04 on Monday. The company has a market cap of $291.80 billion, a P/E ratio of 293.48, a PEG ratio of 12.00 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $337.38 and its 200-day moving average is $242.19. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PANW shares. Citizens Jmp lifted their price target on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 12th. Evercore reiterated an “outperform” rating and set a $415.00 target price on shares of Palo Alto Networks in a research report on Wednesday, July 8th. TD Cowen boosted their target price on shares of Palo Alto Networks from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Monday, August 17th. Benchmark boosted their target price on shares of Palo Alto Networks from $270.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and set a $400.00 price target (up from $350.00) on shares of Palo Alto Networks in a report on Tuesday, August 4th. One 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $362.67.

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.