DB Fitzpatrick & Co Inc Takes $1.14 Million Position in Palo Alto Networks, Inc. $PANW

Posted by Brenda Bartman on Jul 3rd, 2026

DB Fitzpatrick & Co Inc acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the 1st quarter, Holdings Channel.com reports. The fund acquired 7,078 shares of the network technology company’s stock, valued at approximately $1,135,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. New York State Teachers Retirement System lifted its position in Palo Alto Networks by 17.4% in the 1st quarter. New York State Teachers Retirement System now owns 611,550 shares of the network technology company’s stock valued at $98,044,000 after acquiring an additional 90,625 shares in the last quarter. Sierra Summit Advisors LLC bought a new position in Palo Alto Networks during the 1st quarter worth about $209,000. Optas LLC increased its holdings in Palo Alto Networks by 6.8% during the 1st quarter. Optas LLC now owns 3,021 shares of the network technology company’s stock worth $484,000 after purchasing an additional 193 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in shares of Palo Alto Networks by 64.3% in the 1st quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 255,498 shares of the network technology company’s stock valued at $40,961,000 after purchasing an additional 99,973 shares during the period. Finally, Elevation Point Wealth Partners LLC raised its stake in shares of Palo Alto Networks by 88.4% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 50,346 shares of the network technology company’s stock valued at $8,071,000 after purchasing an additional 23,616 shares during the period. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

PANW opened at $348.06 on Friday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $358.10. The firm has a market capitalization of $283.67 billion, a PE ratio of 285.30, a PEG ratio of 13.07 and a beta of 0.91. 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 business’s 50-day simple moving average is $255.09 and its 200 day simple moving average is $200.36.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.37 earnings per share. 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. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Trending Headlines about Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and reiterated an overweight rating, reinforcing the case for further upside. Wells Fargo price target raise
Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and maintained an outperform rating, adding to the bullish analyst sentiment around PANW. BNP Paribas Exane target raise
Positive Sentiment: The stock remains a momentum name after gaining roughly 25% since its last earnings report, supported by strong demand for AI-related cybersecurity tools and recent trading interest. Zacks earnings momentum article
Neutral Sentiment: Several insider sales were disclosed, including director Aparna Bawa and CAO Josh D. Paul. The transactions were relatively small, but insider selling can slightly temper investor enthusiasm. Insider sale disclosure

Analysts Set New Price Targets

Several research firms have recently weighed in on PANW. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 target price on Palo Alto Networks and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Needham & Company LLC boosted their target price on Palo Alto Networks from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Rosenblatt Securities upped their price target on Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Scotiabank reaffirmed a “sector outperform” rating and set a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $316.15.

Read Our Latest Report on Palo Alto Networks

Insider Buying and Selling

In related news, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the transaction, the chief accounting officer owned 79,644 shares in the company, valued at approximately $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 102,111 shares of company stock worth $27,204,024 in the last quarter. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Company Profile

(Free Report)

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.