Wilkerson Advisory Group LLC cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 80.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 375 shares of the network technology company’s stock after selling 1,577 shares during the quarter. Wilkerson Advisory Group LLC’s holdings in Palo Alto Networks were worth $60,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norges Bank acquired a new position in Palo Alto Networks during the 4th quarter valued at approximately $1,415,364,000. Vanguard Group Inc. grew its stake in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after buying an additional 2,659,100 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Palo Alto Networks by 1,665.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock worth $442,788,000 after buying an additional 2,605,433 shares during the period. Bank of America Corp DE increased its position in Palo Alto Networks by 11.9% in the fourth quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after buying an additional 2,065,776 shares during the period. Finally, Employees Provident Fund Board bought a new stake in Palo Alto Networks in the fourth quarter valued at $281,542,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.
Palo Alto Networks Stock Performance
Shares of PANW opened at $342.15 on Wednesday. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.80. The firm has a market capitalization of $278.85 billion, a PE ratio of 280.45, a P/E/G ratio of 12.95 and a beta of 0.91. The firm has a 50-day moving average price of $295.28 and a 200 day moving average price of $214.74. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on PANW shares. Northland Securities boosted their price target on shares of Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price objective on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. DA Davidson lifted their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Weiss Ratings lowered shares of Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Finally, Stephens upped their target price on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.48.
Check Out Our Latest Report on Palo Alto Networks
Insider Activity
In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at approximately $23,272,790.88. The trade was a 1.33% 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 hyperlink. Also, Director John P. Key sold 7,500 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director directly owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 101,239 shares of company stock valued at $27,174,360 over the last quarter. Insiders own 1.40% of the company’s stock.
Palo Alto Networks News Roundup
Here are the key news stories impacting Palo Alto Networks this week:
- Positive Sentiment: J.P. Morgan-style rotation into cybersecurity is showing up in the news flow, with multiple commentators arguing that AI-driven security demand should benefit PANW as enterprises spend more to protect themselves from increasingly powerful AI tools. Why Palo Alto Stock Can Be a Big Winner in Cybersecurity’s New AI Era
- Positive Sentiment: Morgan Stanley said sentiment on software stocks has become “too negative,” and named high-profile names like PANW as potential rebound candidates if investors rotate back into quality software leaders. Morgan Stanley Analysts Say Sentiment Has Gotten ‘Too Negative’ on Software Stocks. These Are Their Picks
- Positive Sentiment: Citi Wealth’s CIO highlighted cybersecurity as a favored theme, saying “infinite AI agents” could drive more enterprise spending on security, which reinforces the bull case for PANW. Citi Wealth CIO Warns “Infinite AI Agents” Will Accelerate Cybersecurity’s Share of Enterprise Spending
- Positive Sentiment: Palo Alto Networks announced it intends to acquire Embrace to expand its observability platform with digital experience monitoring, adding real-user monitoring and synthetics tools that could broaden its product offering and deepen customer value. Palo Alto Networks to Extend Leading Observability Platform with Innovative Digital Experience Monitoring
- Neutral Sentiment: One market note said PANW had slipped recently alongside broader software weakness, suggesting investor caution may still be weighing on the shares. Palo Alto Networks (PANW) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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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