Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) shares were down 2.8% on Monday . The company traded as low as $348.36 and last traded at $348.66. Approximately 5,418,702 shares were traded during trading, a decline of 41% from the average daily volume of 9,181,771 shares. The stock had previously closed at $358.68.
Analyst Upgrades and Downgrades
PANW has been the subject of a number of research analyst reports. BTIG Research raised their target price on Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a research note on Tuesday, June 30th. Cantor Fitzgerald set a $340.00 price target on Palo Alto Networks and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Rosenblatt Securities increased their price objective on Palo Alto Networks from $275.00 to $355.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Loop Capital raised their price objective on Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Finally, Susquehanna reaffirmed a “positive” rating and set a $350.00 target price (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $327.74.
View Our Latest Stock Analysis on Palo Alto Networks
Palo Alto Networks Stock Performance
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the firm earned $0.37 EPS. 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. On average, research analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.
Insider Activity at Palo Alto Networks
In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares in the company, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the sale, the director directly owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock valued at $27,174,360 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Palo Alto Networks
Several large investors have recently made changes to their positions in PANW. Allied Private Wealth LLC acquired a new stake in Palo Alto Networks during the second quarter valued at $38,000. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the second quarter worth about $25,000. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks in the fourth quarter worth about $26,000. Steph & Co. boosted its stake in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares in the last quarter. Finally, Sittner & Nelson LLC boosted its stake 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 acquiring an additional 62 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.
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.
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