HB Wealth Management LLC Raises Stock Position in Palo Alto Networks, Inc. $PANW

HB Wealth Management LLC grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 7.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 49,347 shares of the network technology company’s stock after acquiring an additional 3,603 shares during the quarter. HB Wealth Management LLC’s holdings in Palo Alto Networks were worth $7,911,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Moran Wealth Management LLC lifted its stake in shares of Palo Alto Networks by 11.5% in the 1st quarter. Moran Wealth Management LLC now owns 73,634 shares of the network technology company’s stock valued at $11,805,000 after purchasing an additional 7,572 shares during the last quarter. Plimoth Trust Co. LLC increased its position in shares of Palo Alto Networks by 16.5% during the 1st quarter. Plimoth Trust Co. LLC now owns 22,599 shares of the network technology company’s stock valued at $3,623,000 after purchasing an additional 3,196 shares during the last quarter. Osborne Partners Capital Management LLC raised its holdings in Palo Alto Networks by 30.0% during the 1st quarter. Osborne Partners Capital Management LLC now owns 140,725 shares of the network technology company’s stock valued at $22,561,000 after buying an additional 32,501 shares during the period. Leelyn Smith LLC raised its holdings in Palo Alto Networks by 3.1% during the 1st quarter. Leelyn Smith LLC now owns 10,929 shares of the network technology company’s stock valued at $1,752,000 after buying an additional 333 shares during the period. Finally, PFG Investments LLC lifted its position in Palo Alto Networks by 9.7% in the first quarter. PFG Investments LLC now owns 19,884 shares of the network technology company’s stock worth $3,188,000 after buying an additional 1,756 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the transaction, the director directly owned 20,000 shares in the company, valued at $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total transaction of $310,500.00. Following the transaction, the chief accounting officer directly owned 79,644 shares in the company, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 102,111 shares of company stock worth $27,204,024 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on PANW. Argus lifted their price objective on shares of Palo Alto Networks from $222.00 to $320.00 in a research note on Friday, June 5th. BMO Capital Markets raised their target price on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price target on shares of Palo Alto Networks from $200.00 to $300.00 and gave the company an “overweight” rating in a report on Monday, June 1st. Finally, Berenberg Bank increased their price objective on shares of Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $316.15.

Palo Alto Networks Stock Performance

PANW stock opened at $348.06 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $358.10. The firm has a market cap of $283.67 billion, a price-to-earnings ratio of 285.30, a PEG ratio of 12.92 and a beta of 0.91. The business’s fifty day simple moving average is $258.43 and its two-hundred day simple moving average is $201.39. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly 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 firm had revenue of $3 billion for 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 business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the prior year, the business 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. Analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

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.