Shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Get Free Report) rose 1.9% during trading on Friday . The company traded as high as $333.98 and last traded at $331.83. Approximately 5,021,161 shares were traded during trading, a decline of 44% from the average session volume of 8,976,663 shares. The stock had previously closed at $325.68.
Wall Street Analysts Forecast Growth
PANW has been the topic of a number of recent analyst reports. Arete Research increased their price objective on shares of Palo Alto Networks from $185.00 to $433.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Needham & Company LLC boosted their target price on Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Sanford C. Bernstein upped their target price on Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. FBN Securities reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Finally, Wolfe Research reiterated an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks 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, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $331.48.
View Our Latest Report on Palo Alto Networks
Palo Alto Networks Stock Up 1.9%
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior 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. Equities analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.
Insider Transactions at Palo Alto Networks
In other Palo Alto Networks news, Director Aparna Bawa sold 290 shares of Palo Alto Networks stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the completion of the sale, the director directly owned 6,437 shares of the company’s stock, valued at $2,244,839.38. The trade was a 4.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares of the company’s stock, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 101,239 shares of company stock valued at $27,174,360 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.
Institutional Trading of Palo Alto Networks
Institutional investors and hedge funds have recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the 2nd quarter worth about $25,000. Steph & Co. lifted its position in shares of Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares during the period. Knuff & Co LLC bought a new position in shares of Palo Alto Networks during the fourth quarter valued at approximately $26,000. Sittner & Nelson LLC increased its holdings in Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares during the period. Finally, Luken Investment Analytics LLC lifted its holdings in Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after buying an additional 102 shares during the period. 79.82% of the stock is currently owned by institutional investors.
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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