Interval Partners LP Invests $10.95 Million in Palo Alto Networks, Inc. $PANW

Interval Partners LP bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 59,466 shares of the network technology company’s stock, valued at approximately $10,954,000.

Several other hedge funds have also recently bought and sold shares of the business. Investment Management Corp of Ontario lifted its position in Palo Alto Networks by 21.3% during the fourth quarter. Investment Management Corp of Ontario now owns 82,919 shares of the network technology company’s stock valued at $15,274,000 after buying an additional 14,571 shares in the last quarter. Element Capital Management LLC purchased a new stake in Palo Alto Networks during the fourth quarter worth approximately $3,101,000. Evolve Private Wealth LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter worth $1,701,000. First Manhattan CO. LLC. raised its stake in shares of Palo Alto Networks by 1.4% in the 4th quarter. First Manhattan CO. LLC. now owns 6,367 shares of the network technology company’s stock valued at $1,173,000 after acquiring an additional 85 shares during the period. Finally, Capitolis Liquid Global Markets LLC purchased a new position in shares of Palo Alto Networks in the 4th quarter valued at $5,272,000. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 101,044 shares of company stock worth $26,022,722 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of a number of research reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $325.00 price target (up from $285.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Loop Capital raised their price objective on Palo Alto Networks from $160.00 to $290.00 and gave the company a “hold” rating in a research report on Wednesday, June 3rd. Evercore restated an “outperform” rating and set a $375.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. HSBC upped their target price on Palo Alto Networks from $114.00 to $207.00 in a research report on Thursday, June 4th. Finally, Jefferies Financial Group set a $335.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.59.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $282.13 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $223.60 and its two-hundred day moving average price is $191.30. The firm has a market capitalization of $229.94 billion, a P/E ratio of 231.25, a P/E/G ratio of 10.39 and a beta of 0.94. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm earned $0.37 earnings per share. The company’s revenue was up 31.1% on a year-over-year basis. 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

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.