Harvest Portfolios Group Inc. Has $25.76 Million Position in Palo Alto Networks, Inc. $PANW

Harvest Portfolios Group Inc. lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,887 shares of the network technology company’s stock after selling 578 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Palo Alto Networks were worth $25,762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PANW. Whipplewood Advisors LLC lifted its stake in Palo Alto Networks by 6,400.0% during the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after purchasing an additional 128 shares during the period. Briaud Financial Planning Inc acquired a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $28,000. Dagco Inc. bought a new position in shares of Palo Alto Networks during the 1st quarter worth approximately $33,000. Marshall & Sullivan Inc. WA acquired a new stake in Palo Alto Networks in the 2nd quarter valued at $41,000. Finally, Spurstone Advisory Services LLC bought a new stake in Palo Alto Networks in the second quarter valued at $41,000. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $211.37 on Friday. The firm has a 50 day simple moving average of $206.73 and a 200 day simple moving average of $195.41. Palo Alto Networks, Inc. has a fifty-two week low of $144.15 and a fifty-two week high of $223.61. The firm has a market cap of $141.39 billion, a P/E ratio of 131.69, a P/E/G ratio of 5.07 and a beta of 0.95.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.06. The firm had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.75 EPS. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the sale, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 700 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $219.97, for a total transaction of $153,979.00. Following the transaction, the chief accounting officer owned 47,505 shares in the company, valued at approximately $10,449,674.85. The trade was a 1.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,215,830 shares of company stock valued at $249,160,428 in the last three months. Company insiders own 2.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. KeyCorp lowered Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research note on Thursday, July 31st. Morgan Stanley lifted their price target on shares of Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Rosenblatt Securities dropped their price objective on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a report on Thursday, August 14th. Tigress Financial initiated coverage on shares of Palo Alto Networks in a research note on Friday, September 26th. They issued a “buy” rating and a $245.00 target price for the company. Finally, Sanford C. Bernstein set a $207.00 price target on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $218.17.

Palo Alto Networks Profile

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.