Palo Alto Networks, Inc. $PANW Shares Acquired by Praxis Investment Management Inc.

Praxis Investment Management Inc. boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,776 shares of the network technology company’s stock after purchasing an additional 2,030 shares during the period. Praxis Investment Management Inc.’s holdings in Palo Alto Networks were worth $3,491,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. South Plains Financial Inc. lifted its holdings in shares of Palo Alto Networks by 1.0% in the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock valued at $982,000 after buying an additional 50 shares during the period. Fayez Sarofim & Co raised its position in Palo Alto Networks by 1.2% in the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after acquiring an additional 50 shares in the last quarter. Certified Advisory Corp raised its position in Palo Alto Networks by 0.3% in the third quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after acquiring an additional 51 shares in the last quarter. Cooper Financial Group lifted its holdings in Palo Alto Networks by 1.3% in the 4th quarter. Cooper Financial Group now owns 4,227 shares of the network technology company’s stock valued at $779,000 after acquiring an additional 53 shares during the last quarter. Finally, Outfitters Financial LLC boosted its position in shares of Palo Alto Networks by 1.7% during the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after purchasing an additional 55 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PANW. Barclays reiterated an “overweight” rating and issued a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. BNP Paribas Exane lifted their price target on shares of Palo Alto Networks from $330.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating and set a $330.00 price objective (up from $255.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Guggenheim cut Palo Alto Networks from a “neutral” rating to a “reduce” rating in a report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $316.15.

Insiders Place Their Bets

In related news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was 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 of the company’s stock, valued at approximately $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 102,111 shares of company stock valued at $27,204,024 over the last quarter. 1.40% of the stock is owned by insiders.

Palo Alto Networks Price Performance

PANW stock opened at $348.06 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $283.67 billion, a P/E ratio of 285.30, a P/E/G ratio of 12.92 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $358.10. The company’s 50 day simple moving average is $258.43 and its 200-day simple moving average is $201.39.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data 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. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the business posted $0.37 EPS. The company’s revenue 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. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS 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.