17 Capital Partners LLC Has $793,000 Position in Palo Alto Networks, Inc. $PANW

17 Capital Partners LLC increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 14.5% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 3,874 shares of the network technology company’s stock after purchasing an additional 490 shares during the period. 17 Capital Partners LLC’s holdings in Palo Alto Networks were worth $793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Main Management ETF Advisors LLC lifted its holdings in shares of Palo Alto Networks by 1.7% during the second quarter. Main Management ETF Advisors LLC now owns 5,864 shares of the network technology company’s stock worth $1,200,000 after buying an additional 96 shares during the last quarter. Weaver Consulting Group bought a new position in Palo Alto Networks during the second quarter worth $240,000. Ensign Peak Advisors Inc raised its stake in Palo Alto Networks by 47.3% during the 2nd quarter. Ensign Peak Advisors Inc now owns 521,482 shares of the network technology company’s stock valued at $106,716,000 after purchasing an additional 167,570 shares during the last quarter. Quilter Plc boosted its holdings in Palo Alto Networks by 1.8% in the 2nd quarter. Quilter Plc now owns 813,995 shares of the network technology company’s stock valued at $166,576,000 after purchasing an additional 14,513 shares during the period. Finally, Forge First Asset Management Inc. boosted its holdings in Palo Alto Networks by 10.9% in the 2nd quarter. Forge First Asset Management Inc. now owns 11,200 shares of the network technology company’s stock valued at $2,292,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on PANW shares. Piper Sandler raised shares of Palo Alto Networks from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $200.00 to $225.00 in a research report on Tuesday, August 12th. KeyCorp cut Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. DA Davidson raised their price objective on Palo Alto Networks from $215.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday. Wedbush restated an “outperform” rating and set a $225.00 price objective on shares of Palo Alto Networks in a research report on Monday, September 15th. Finally, Guggenheim raised their target price on Palo Alto Networks from $130.00 to $135.00 and gave the stock a “sell” rating in a research report on Tuesday, August 19th. Twenty-nine investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $224.14.

Palo Alto Networks Stock Performance

PANW opened at $199.90 on Thursday. The firm has a market cap of $136.73 billion, a price-to-earnings ratio of 124.55, a PEG ratio of 4.78 and a beta of 0.95. The firm’s 50-day simple moving average is $209.31 and its 200-day simple moving average is $197.43. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Wednesday, November 19th. The network technology company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.04. The firm had revenue of $2.47 billion for the quarter, compared to analyst estimates of $2.46 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.56 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.800-3.900 EPS. Q2 2026 guidance at 0.930-0.950 EPS. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the business’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total value of $172,718,016.48. Following the transaction, the chief executive officer owned 275,013 shares of the company’s stock, valued at approximately $56,119,152.78. The trade was a 75.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Lee Klarich sold 120,774 shares of the stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $191.11, for a total value of $23,081,119.14. Following the sale, the executive vice president owned 177,954 shares in the company, valued at $34,008,788.94. The trade was a 40.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,215,130 shares of company stock valued at $249,031,488 over the last quarter. 1.40% of the stock is owned by insiders.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.