TritonPoint Partners LLC Buys New Shares in Palo Alto Networks, Inc. $PANW

TritonPoint Partners LLC bought a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,835 shares of the network technology company’s stock, valued at approximately $338,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares during the last quarter. State Street Corp grew its holdings in shares of Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after purchasing an additional 594,789 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after purchasing an additional 540,756 shares during the last quarter. Norges Bank bought a new position in shares of Palo Alto Networks during the 4th quarter valued at $1,415,364,000. Finally, Northern Trust Corp grew its holdings in shares of Palo Alto Networks by 0.5% during the 3rd quarter. Northern Trust Corp now owns 7,528,248 shares of the network technology company’s stock valued at $1,532,902,000 after purchasing an additional 36,511 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Transactions at Palo Alto Networks

In other news, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the sale, the executive vice president directly owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the sale, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 81,044 shares of company stock worth $20,424,722. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on PANW shares. Benchmark increased their target price on shares of Palo Alto Networks from $270.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. FBN Securities reaffirmed an “outperform” rating and set a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Piper Sandler reaffirmed an “overweight” rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. BTIG Research raised their price target on shares of Palo Alto Networks from $268.00 to $333.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, BNP Paribas Exane raised their price target on shares of Palo Alto Networks from $220.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average price target of $306.59.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $279.62 on Monday. The company has a 50-day moving average price of $216.44 and a 200-day moving average price of $189.26. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95. 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 stock has a market cap of $227.89 billion, a price-to-earnings ratio of 229.20, a P/E/G ratio of 10.38 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the company posted $0.37 EPS. The company’s quarterly revenue 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. Equities analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

About Palo Alto Networks

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.