Worth Asset Management LLC Purchases Shares of 6,759 Palo Alto Networks, Inc. $PANW

Worth Asset Management LLC purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,759 shares of the network technology company’s stock, valued at approximately $2,305,000. Palo Alto Networks makes up 0.7% of Worth Asset Management LLC’s holdings, making the stock its 23rd largest holding.

Several other hedge funds also recently modified their holdings of PANW. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the second quarter worth $25,000. Steph & Co. increased its stake in Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 67 shares in the last quarter. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the fourth quarter valued at about $26,000. Sittner & Nelson LLC boosted its position in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC boosted its position in shares of Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after purchasing an additional 102 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the transaction, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Aparna Bawa sold 290 shares of the firm’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the sale, the director directly owned 6,437 shares of the company’s stock, valued at approximately $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,239 shares of company stock valued at $27,174,360 in the last ninety days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Trading Up 1.2%

Shares of PANW stock opened at $363.86 on Friday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $376.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50-day simple moving average of $317.88 and a two-hundred day simple moving average of $228.20. The company has a market capitalization of $296.55 billion, a price-to-earnings ratio of 298.25, a PEG ratio of 12.06 and a beta of 0.91.

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 for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $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. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PANW. Morgan Stanley reaffirmed an “overweight” rating and set a $387.00 price target (up from $320.00) on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Citigroup restated a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Palo Alto Networks in a report on Monday, July 13th. Susquehanna reaffirmed a “positive” rating and set a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Wells Fargo & Company upped their target price on Palo Alto Networks from $325.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, Benchmark increased their target price on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.76.

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.