Edmond DE Rothschild Holding S.A. acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 30,185 shares of the network technology company’s stock, valued at approximately $10,293,000.
Other large investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in Palo Alto Networks in the second quarter valued at approximately $25,833,462,000. Norges Bank acquired a new position in shares of Palo Alto Networks during the fourth quarter worth $1,415,364,000. Bank of New York Mellon Corp purchased a new stake in Palo Alto Networks in the second quarter valued at about $1,569,755,000. Deutsche Bank AG purchased a new position in shares of Palo Alto Networks in the 2nd quarter valued at approximately $1,481,236,000. Finally, Bank of America Corp DE raised its stake in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.
Insider Activity at Palo Alto Networks
In other news, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director owned 20,000 shares in the company, valued at $5,598,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the sale, 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 SEC filing for this sale provides additional information. Insiders sold 100,839 shares of company stock valued at $27,079,580 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.
More Palo Alto Networks News
- 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
Analysts Set New Price Targets
PANW has been the subject of several research reports. Citigroup restated a “market outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, August 12th. Susquehanna reissued a “positive” rating and issued a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. DA Davidson increased their price objective on Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Arete Research lifted their target price on shares of Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $360.89.
Read Our Latest Analysis on Palo Alto Networks
Palo Alto Networks Stock Down 3.8%
Shares of NASDAQ:PANW opened at $359.76 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The business has a fifty day moving average of $334.41 and a two-hundred day moving average of $239.69. The stock has a market cap 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 52-week low of $139.57 and a 52-week high of $398.88.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous 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 expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.
About Palo Alto Networks
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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