Calamos Wealth Management LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 1,765.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 46,160 shares of the network technology company’s stock after buying an additional 43,685 shares during the period. Calamos Wealth Management LLC’s holdings in Palo Alto Networks were worth $7,400,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Fayez Sarofim & Co grew its holdings in shares of Palo Alto Networks by 1.2% in the 3rd quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after acquiring an additional 50 shares during the last quarter. Cooper Financial Group raised its position in shares of Palo Alto Networks by 1.3% during the fourth quarter. Cooper Financial Group now owns 4,227 shares of the network technology company’s stock worth $779,000 after purchasing an additional 53 shares during the period. Outfitters Financial LLC lifted its holdings in shares of Palo Alto Networks by 1.7% during the fourth 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 last quarter. Ancora Advisors LLC lifted its holdings in shares of Palo Alto Networks by 2.4% during the third quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company’s stock valued at $471,000 after purchasing an additional 55 shares during the last quarter. Finally, PGIM Custom Harvest LLC lifted its holdings in shares of Palo Alto Networks by 1.4% during the third quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company’s stock valued at $786,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.
Insider Buying and Selling
In other Palo Alto Networks news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director owned 5,898 shares of the company’s stock, valued at $2,045,721.30. This trade represents a 10.61% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aparna Bawa sold 290 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the transaction, the director owned 6,437 shares in the company, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 101,239 shares of company stock worth $27,174,360. Insiders own 1.40% of the company’s stock.
Palo Alto Networks Trading Up 1.3%
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its quarterly earnings results 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 analyst estimates 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 revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.37 earnings per share. 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, analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently weighed in on PANW. UBS Group set a $300.00 price target on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 target price on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Wedbush lifted their target price on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Barclays restated an “overweight” rating and set a $315.00 price target (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Berenberg Bank upped their price target on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $319.96.
View Our Latest Stock Report on Palo Alto Networks
Palo Alto Networks Company 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.
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