Jennison Associates LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 37.1% in the 1st quarter, Holdings Channel.com reports. The fund owned 48,340 shares of the network technology company’s stock after selling 28,568 shares during the period. Jennison Associates LLC’s holdings in Palo Alto Networks were worth $7,750,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Outfitters Financial LLC raised its position in shares of Palo Alto Networks by 1.7% in the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after purchasing an additional 55 shares during the last quarter. Ancora Advisors LLC increased its stake in Palo Alto Networks by 2.4% during the 3rd quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company’s stock valued at $471,000 after purchasing an additional 55 shares in the last quarter. PGIM Custom Harvest LLC increased its stake in Palo Alto Networks by 1.4% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company’s stock valued at $786,000 after purchasing an additional 55 shares in the last quarter. Signal Advisors Wealth LLC raised its holdings in shares of Palo Alto Networks by 4.8% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,233 shares of the network technology company’s stock worth $227,000 after buying an additional 56 shares during the last quarter. Finally, CYBER HORNET ETFs LLC raised its holdings in shares of Palo Alto Networks by 3.4% in the third quarter. CYBER HORNET ETFs LLC now owns 1,739 shares of the network technology company’s stock worth $354,000 after buying an additional 57 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on PANW. Mizuho boosted their price objective on shares of Palo Alto Networks from $265.00 to $305.00 and gave the company an “outperform” rating in a 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. Wedbush boosted their price target on Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. Finally, Northland Securities increased their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $331.48.
Insider Transactions at Palo Alto Networks
In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares in the company, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John P. Key sold 7,500 shares of the 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 owned 12,500 shares of the company’s stock, valued at $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 101,239 shares of company stock worth $27,174,360 in the last quarter. 1.40% of the stock is owned by insiders.
More Palo Alto Networks News
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 Price Performance
Palo Alto Networks stock opened at $342.15 on Wednesday. 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 stock has a market capitalization of $278.85 billion, a P/E ratio of 280.45, a P/E/G ratio of 12.95 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $368.80. The company’s fifty day moving average price is $295.28 and its 200 day moving average price is $214.74.
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, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business earned $0.37 earnings per share. The company’s revenue for the quarter 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. As a group, equities research analysts anticipate 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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