Foster Group Inc. bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,542 shares of the network technology company’s stock, valued at approximately $526,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of PANW. Darwin Wealth Management LLC bought a new stake in Palo Alto Networks in the second quarter valued at approximately $25,000. Knuff & Co LLC bought a new position in shares of Palo Alto Networks during the 4th quarter worth approximately $26,000. Steph & Co. increased its holdings 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 during the last quarter. Sittner & Nelson LLC increased its holdings 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 during the last quarter. Finally, WHI TRUST Co LLC bought a new stake in Palo Alto Networks in the 4th quarter valued at $28,000. Institutional investors own 79.82% of the company’s stock.
Analyst Ratings Changes
PANW has been the subject of a number of research analyst reports. Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Stephens increased their price objective on shares of 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. William Blair restated an “outperform” rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. Berenberg Bank lifted their target price on shares of Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.76.
Insiders Place Their Bets
In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the firm’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 transaction, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Aparna Bawa sold 290 shares of Palo Alto Networks stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the transaction, the director directly owned 6,437 shares of the company’s stock, valued at $2,244,839.38. This represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 101,239 shares of company stock valued at $27,174,360 in the last quarter. Company insiders own 1.40% of the company’s stock.
Palo Alto Networks Price Performance
NASDAQ:PANW opened at $359.49 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $376.98. 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 firm’s 50-day simple moving average is $316.24 and its 200 day simple moving average is $227.25. The firm has a market cap of $292.98 billion, a price-to-earnings ratio of 294.66, a P/E/G ratio of 12.19 and a beta of 0.91.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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 predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.
Palo Alto Networks 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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