Harvest Portfolios Group Inc. Has $25.76 Million Stake in Palo Alto Networks, Inc. $PANW

Harvest Portfolios Group Inc. reduced its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 125,887 shares of the network technology company’s stock after selling 578 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Palo Alto Networks were worth $25,762,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of PANW. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Palo Alto Networks during the 1st quarter worth approximately $261,000. Strive Asset Management LLC grew its stake in shares of Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after acquiring an additional 299 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. lifted its position in Palo Alto Networks by 25.3% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 205,053 shares of the network technology company’s stock worth $41,957,000 after buying an additional 41,392 shares in the last quarter. Whipplewood Advisors LLC boosted its position in Palo Alto Networks by 6,400.0% during the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 128 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its stake in shares of Palo Alto Networks by 9.2% in the second quarter. Arkadios Wealth Advisors now owns 39,893 shares of the network technology company’s stock valued at $8,164,000 after buying an additional 3,351 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

Shares of PANW opened at $211.37 on Friday. The stock has a fifty day moving average of $206.73 and a 200-day moving average of $195.41. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $223.61. The stock has a market capitalization of $141.39 billion, a price-to-earnings ratio of 131.69, a PEG ratio of 5.07 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $0.75 EPS. The firm’s revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Buying and Selling

In other news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 177,954 shares of the company’s stock, valued at approximately $34,008,788.94. This trade represents a 40.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president owned 96,135 shares in the company, valued at $19,629,805.65. The trade was a 4.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,215,830 shares of company stock valued at $249,160,428 in the last ninety days. Insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. DA Davidson reissued a “buy” rating and issued a $215.00 price objective on shares of Palo Alto Networks in a research report on Tuesday, August 19th. New Street Research raised their target price on shares of Palo Alto Networks from $235.00 to $240.00 and gave the company a “buy” rating in a research note on Friday, September 12th. Barclays reissued an “overweight” rating and issued a $215.00 price objective (up from $210.00) on shares of Palo Alto Networks in a research report on Tuesday, August 19th. Rosenblatt Securities decreased their price objective on Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating on the stock in a report on Thursday, August 14th. Finally, BMO Capital Markets boosted their price target on Palo Alto Networks from $217.00 to $225.00 and gave the company an “outperform” rating in a research note on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $218.17.

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.