Portfolio Design Labs LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 12,693 shares of the network technology company’s stock, valued at approximately $4,329,000. Palo Alto Networks comprises 0.7% of Portfolio Design Labs LLC’s investment portfolio, making the stock its 28th biggest holding.
Several other hedge funds have also recently added to or reduced their stakes in PANW. N.E.W. Advisory Services LLC bought a new position in Palo Alto Networks in the 2nd quarter worth approximately $27,000. Comprehensive Financial Planning Inc. PA bought a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $36,000. Allied Private Wealth LLC acquired a new stake in shares of Palo Alto Networks in the second quarter worth $38,000. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the second quarter worth $25,000. Finally, Dunhill Financial LLC bought a new position in Palo Alto Networks during the second quarter worth $45,000. Institutional investors own 79.82% of the company’s stock.
Palo Alto Networks Stock Performance
NASDAQ:PANW opened at $349.56 on Friday. The firm has a market capitalization of $284.89 billion, a PE ratio of 286.52, a price-to-earnings-growth ratio of 12.08 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88. The firm has a 50-day moving average price of $335.81 and a 200 day moving average price of $240.90.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on PANW. Evercore reissued an “outperform” rating and issued a $415.00 price target on shares of Palo Alto Networks in a report on Wednesday, July 8th. BTIG Research boosted their price objective on shares of Palo Alto Networks from $333.00 to $380.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. New Street Research set a $415.00 price objective on shares of Palo Alto Networks in a research report on Tuesday. Capital One Financial set a $421.00 target price on shares of Palo Alto Networks and gave the company an “overweight” rating in a research note on Thursday, July 16th. Finally, Morgan Stanley set a $400.00 target price on Palo Alto Networks in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and an average price target of $362.67.
Get Our Latest Stock Analysis on Palo Alto Networks
Insiders Place Their Bets
In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Aparna Bawa sold 290 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the completion of the sale, the director owned 6,437 shares in the company, valued at $2,244,839.38. This represents a 4.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 37,935 shares of company stock worth $10,809,461 over the last quarter. Corporate insiders own 1.40% of the company’s stock.
Palo Alto Networks News Summary
Here are the key news stories impacting Palo Alto Networks this week:
- Positive Sentiment: AI security initiative expands growth opportunities. Palo Alto Networks launched the Frontier AI Critical Defense Program with technology partners to protect critical infrastructure from AI-driven exploits and vulnerabilities. The initiative could strengthen PANW’s position in the emerging AI-security market and support demand from government and enterprise customers. Palo Alto Networks Introduces Frontier AI Critical Defense Program
- Positive Sentiment: Analyst remains bullish. Cantor Fitzgerald raised its price target to $425 from $340 and maintained an “overweight” rating, citing potential for continued appreciation. The higher target signals confidence in PANW’s growth prospects despite recent volatility. Palo Alto Networks Price Target Raised by Cantor Fitzgerald
- Positive Sentiment: Enterprise AI adoption may drive sales. Palo Alto Networks is positioning its network, identity, AI and security-operations products to benefit as businesses deploy more artificial intelligence. This could help PANW compete more effectively with CrowdStrike and Zscaler. Can Strong Enterprise AI Adoption Help PANW Challenge CrowdStrike and Zscaler?
- Neutral Sentiment: Recent coverage from TD Cowen and other outlets remains constructive on PANW’s long-term appreciation potential, but provides limited new operating information. TD Cowen Forecasts Strong Price Appreciation for Palo Alto Networks
- Negative Sentiment: Cybersecurity-sector selling is weighing on PANW. Palo Alto Networks declined even as the broader market improved, while CrowdStrike also sold off sharply. The synchronized weakness suggests investors are reducing exposure to cybersecurity stocks or taking profits, overshadowing bullish analyst commentary. CrowdStrike and Palo Alto Networks Stock Declines
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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