Kirtland Hills Capital Management LLC Invests $3.41 Million in Palo Alto Networks, Inc. $PANW

Kirtland Hills Capital Management LLC acquired a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 10,003 shares of the network technology company’s stock, valued at approximately $3,411,000. Palo Alto Networks comprises about 1.0% of Kirtland Hills Capital Management LLC’s investment portfolio, making the stock its 28th biggest position.

Several other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Palo Alto Networks in the second quarter valued at $25,833,462,000. Norges Bank acquired a new stake in Palo Alto Networks during the 4th quarter worth about $1,415,364,000. Bank of New York Mellon Corp acquired a new stake in Palo Alto Networks during the 2nd quarter worth about $1,569,755,000. Deutsche Bank AG bought a new position in shares of Palo Alto Networks in the 2nd quarter worth about $1,481,236,000. Finally, Bank of America Corp DE raised its position in shares of Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after acquiring an additional 3,101,267 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Up 2.4%

PANW stock opened at $358.04 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The stock’s 50 day moving average is $337.38 and its 200-day moving average is $241.72. The firm has a market capitalization of $291.80 billion, a PE ratio of 293.48, a P/E/G ratio of 12.02 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. Palo Alto Networks’s quarterly 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stephens upped their target price on Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $320.00 target price on Palo Alto Networks in a report on Wednesday, June 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday. Weiss Ratings lowered Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Truist Financial set a $435.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $362.67.

Insider Activity

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the transaction, the director directly owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 37,935 shares of company stock worth $10,809,461. Company insiders own 1.40% of the company’s stock.

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.