56,508 Shares in Palo Alto Networks, Inc. $PANW Acquired by NewEdge Wealth LLC

Posted by Geri Gentry on Aug 20th, 2026

NewEdge Wealth LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 56,508 shares of the network technology company’s stock, valued at approximately $19,270,000.

Other hedge funds also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter worth approximately $27,000. Comprehensive Financial Planning Inc. PA purchased a new position in shares of Palo Alto Networks in the 2nd quarter valued at $36,000. Allied Private Wealth LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter valued at $38,000. Darwin Wealth Management LLC acquired a new stake in Palo Alto Networks during the 2nd quarter worth $25,000. Finally, Dunhill Financial LLC acquired a new stake in Palo Alto Networks during the 2nd quarter worth $45,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. BNP Paribas Exane upped their price objective on shares of Palo Alto Networks from $330.00 to $380.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Wells Fargo & Company reissued an “overweight” rating and issued a $475.00 target price (up from $420.00) on shares of Palo Alto Networks in a report on Monday. Scotiabank reissued a “sector outperform” rating and issued a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. FBN Securities restated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Finally, Weiss Ratings lowered Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $360.89.

Get Our Latest Research Report on Palo Alto Networks

Palo Alto Networks Trading Down 3.8%

Shares of Palo Alto Networks stock opened at $359.76 on Thursday. 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 company has a market capitalization of $293.20 billion, a P/E ratio of 294.89, a PEG ratio of 12.55 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. The company’s fifty day moving average is $334.41 and its two-hundred day moving average is $239.69.

Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 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 business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the company earned $0.37 earnings per share. The business’s revenue 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the transaction, the executive vice president directly owned 235,983 shares in the company, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,839 shares of company stock worth $27,079,580 over the last three months. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks News Roundup

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

Positive Sentiment: Cantor Fitzgerald raised its price target for Palo Alto Networks from $340 to $425 and maintained an “overweight” rating, implying substantial potential upside from recent trading levels. Cantor Fitzgerald price-target update
Positive Sentiment: Palo Alto Networks introduced its Frontier AI Critical Defense Program, a collaboration focused on protecting critical infrastructure from AI-driven vulnerabilities. The initiative could strengthen PANW’s positioning in the growing AI-security market, although its near-term financial impact is unclear. Frontier AI Critical Defense Program announcement
Neutral Sentiment: TD Cowen reportedly expects strong appreciation for PANW shares, while other brokerage coverage gives the stock a “Moderate Buy” average recommendation. These views support the long-term outlook but did not prevent near-term selling. TD Cowen forecast
Neutral Sentiment: A lawmaker’s disclosed purchases of several cybersecurity stocks highlight continued investor and policy interest in the sector, but the purchases were not specific to Palo Alto Networks and are unlikely to materially affect PANW’s valuation. Cybersecurity stock purchases
Negative Sentiment: Cybersecurity shares sold off broadly, with CrowdStrike declining sharply despite a higher Truist price target; Palo Alto Networks also fell during the session. The sector move appears to be the main immediate pressure on PANW. Cybersecurity sector selloff
Negative Sentiment: Investors may also be taking profits after a substantial rally. With PANW trading at a very elevated earnings multiple, strong growth expectations leave the stock vulnerable when sector sentiment weakens or positive news fails to exceed expectations. Palo Alto Networks trading update

About Palo Alto Networks

(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.