Rathbones Group PLC Buys 84,915 Shares of Palo Alto Networks, Inc. $PANW

Rathbones Group PLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 942,520 shares of the network technology company’s stock after purchasing an additional 84,915 shares during the quarter. Rathbones Group PLC’s holdings in Palo Alto Networks were worth $151,105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its position in Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after buying an additional 53,485 shares during the period. Aviva PLC grew its stake in shares of Palo Alto Networks by 5.4% during the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after buying an additional 29,230 shares during the last quarter. B&D White Capital Company LLC purchased a new position in shares of Palo Alto Networks in the first quarter worth about $353,000. Granite Islands Private Wealth LLC increased its holdings in shares of Palo Alto Networks by 43.6% in the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after buying an additional 4,659 shares during the period. Finally, Peapack Gladstone Financial Corp lifted its stake in shares of Palo Alto Networks by 8.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock valued at $8,926,000 after acquiring an additional 3,926 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. FBN Securities restated an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. Benchmark lifted their price target on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. BMO Capital Markets boosted their price objective on Palo Alto Networks from $270.00 to $335.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $320.00 price objective on Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Tigress Financial raised their target price on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $331.48.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $331.83 on Monday. The stock’s 50-day moving average is $308.00 and its 200 day moving average is $222.47. The company has a market cap of $270.44 billion, a PE ratio of 271.99, a P/E/G ratio of 12.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 10.53% and a net margin of 7.95%.The business’s revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the business 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. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Insider Activity at Palo Alto Networks

In related news, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction on 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 owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the transaction, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was 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 over the last 90 days. Company insiders own 1.40% of the company’s stock.

About Palo Alto Networks

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.