Fiduciary Financial Advisors Buys New Stake in Palo Alto Networks, Inc. $PANW

Fiduciary Financial Advisors purchased a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 4,680 shares of the network technology company’s stock, valued at approximately $1,638,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $25,833,462,000. State Street Corp grew its stake in Palo Alto Networks by 2.0% during the 4th 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 during the last quarter. Bank of America Corp DE grew its stake in Palo Alto Networks by 16.0% during the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the last quarter. Geode Capital Management LLC increased its position in Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after buying an additional 540,756 shares during the period. Finally, Norges Bank acquired a new position in Palo Alto Networks during the fourth quarter worth approximately $1,415,364,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Down 1.9%

Shares of NASDAQ:PANW opened at $350.90 on Tuesday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm’s 50-day simple moving average is $338.70 and its 200-day simple moving average is $243.49. The company has a market cap of $285.98 billion, a price-to-earnings ratio of 287.62, a PEG ratio of 12.00 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The firm 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 period in the prior year, the company posted $0.37 earnings per share. 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 predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on PANW shares. Berenberg Bank lifted their target price on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Evercore restated an “outperform” rating and issued a $415.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, July 8th. Northland Securities raised their price target on Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. Wedbush upped their price objective 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. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $475.00 price objective (up from $420.00) on shares of Palo Alto Networks in a research report on Monday, August 17th. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $364.00.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the 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 transaction, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 1,100 shares of the 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 completion of the transaction, the chief accounting officer owned 81,636 shares of the company’s stock, valued at $23,272,790.88. The trade was a 1.33% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,935 shares of company stock worth $10,809,461. 1.40% of the stock is currently owned by company insiders.

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.