Turtle Creek Wealth Advisors LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

Turtle Creek Wealth Advisors LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,686 shares of the network technology company’s stock, valued at approximately $345,000.

Several other hedge funds have also added to or reduced their stakes in the stock. St. Clair Advisors LLC raised its stake in shares of Palo Alto Networks by 0.3% in the second quarter. St. Clair Advisors LLC now owns 15,800 shares of the network technology company’s stock worth $3,233,000 after buying an additional 50 shares during the period. Astoria Portfolio Advisors LLC. raised its stake in Palo Alto Networks by 2.1% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 2,467 shares of the network technology company’s stock valued at $496,000 after purchasing an additional 50 shares during the period. Csenge Advisory Group raised its stake in Palo Alto Networks by 2.4% during the 1st quarter. Csenge Advisory Group now owns 2,271 shares of the network technology company’s stock valued at $381,000 after purchasing an additional 53 shares during the period. TFG Advisers LLC raised its stake in Palo Alto Networks by 1.1% during the 2nd quarter. TFG Advisers LLC now owns 4,668 shares of the network technology company’s stock valued at $955,000 after purchasing an additional 53 shares during the period. Finally, GSG Advisors LLC raised its stake in Palo Alto Networks by 0.4% during the 1st quarter. GSG Advisors LLC now owns 12,450 shares of the network technology company’s stock valued at $2,154,000 after purchasing an additional 54 shares during the period. 79.82% of the stock is owned by institutional investors.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the company’s stock in a transaction on Tuesday, September 23rd. The stock was 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 directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. This represents a 75.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Nir Zuk sold 100,000 shares of the company’s stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the sale, the executive vice president owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. This represents a 3.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,315,130 shares of company stock worth $260,687,367 over the last quarter. 2.50% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on PANW shares. Needham & Company LLC reissued a “buy” rating and set a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Sanford C. Bernstein set a $207.00 target price on Palo Alto Networks and gave the company an “outperform” rating in a research note on Tuesday, August 19th. DA Davidson reissued a “buy” rating and set a $215.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Barclays reissued an “overweight” rating and set a $215.00 target price (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $232.00 target price on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Twenty-nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $216.00.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $205.51 on Friday. The stock has a market cap of $137.47 billion, a price-to-earnings ratio of 128.04, a price-to-earnings-growth ratio of 4.91 and a beta of 0.98. The stock has a 50 day moving average price of $195.98 and a 200-day moving average price of $190.04. Palo Alto Networks, Inc. has a one year low of $144.15 and a one year high of $217.94.

Palo Alto Networks (NASDAQ:PANW) last announced 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 return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s quarterly 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current fiscal year.

About Palo Alto Networks

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.