SteelPeak Wealth LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 12.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 20,481 shares of the network technology company’s stock after purchasing an additional 2,248 shares during the quarter. SteelPeak Wealth LLC’s holdings in Palo Alto Networks were worth $3,284,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also modified their holdings of PANW. Vanguard Group Inc. raised its stake in shares of Palo Alto Networks by 4.1% in the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. State Street Corp boosted its stake in Palo Alto Networks by 2.0% during the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after buying an additional 594,789 shares in the last quarter. Bank of America Corp DE increased its holdings in Palo Alto Networks by 11.9% in the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after buying an additional 2,065,776 shares during the period. Geode Capital Management LLC increased its holdings in Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after buying an additional 540,756 shares during the period. Finally, Norges Bank acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at $1,415,364,000. 79.82% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director owned 20,000 shares in the company, valued at approximately $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aparna Bawa sold 290 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The stock was 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 in the company, valued at $2,244,839.38. The trade was a 4.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 101,239 shares of company stock valued at $27,174,360. Corporate insiders own 1.40% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on PANW
Palo Alto Networks Stock Down 0.0%
Shares of NASDAQ:PANW opened at $353.99 on Friday. The company’s fifty day moving average is $287.03 and its 200-day moving average is $211.27. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $368.17. The company has a market capitalization of $288.50 billion, a PE ratio of 290.16, a P/E/G ratio of 13.15 and a beta of 0.91.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the company posted $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. Equities research analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.
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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