Roman Butler Fullerton & Co. Invests $2.72 Million in Palo Alto Networks, Inc. $PANW

Roman Butler Fullerton & Co. acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, HoldingsChannel reports. The institutional investor acquired 8,227 shares of the network technology company’s stock, valued at approximately $2,717,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Palo Alto Networks by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after buying an additional 2,659,100 shares in the last quarter. State Street Corp raised its stake in Palo Alto Networks by 2.0% in 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 purchasing an additional 594,789 shares in the last quarter. Bank of America Corp DE raised its stake in Palo Alto Networks by 16.0% in 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 purchasing an additional 3,101,267 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after purchasing an additional 540,756 shares during the period. Finally, Norges Bank acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at approximately $1,415,364,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity

In related news, Director Helle Thorning-Schmidt sold 700 shares of the business’s stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the sale, the chief accounting officer directly owned 79,644 shares in the company, valued at $27,477,180. This trade represents a 1.12% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of recent research reports. Mizuho raised their price objective on Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Susquehanna restated a “positive” rating and set a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Northland Securities raised their target price 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. BMO Capital Markets lifted their target price 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. Finally, Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. One investment 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 issued a Sell rating to the company. According to MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $339.61.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $384.27 on Monday. The firm has a market cap of $313.18 billion, a P/E ratio of 314.98, a price-to-earnings-growth ratio of 12.89 and a beta of 0.91. 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 company’s 50 day moving average is $328.02 and its 200-day moving average is $235.70. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $398.88.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping 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 company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm earned $0.37 EPS. Palo Alto Networks’s revenue for the quarter was up 31.1% on a year-over-year basis. 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 predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Palo Alto Networks 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.