Prosperity Consulting Group LLC Sells 1,865 Shares of Palo Alto Networks, Inc. $PANW

Prosperity Consulting Group LLC reduced its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 32.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,945 shares of the network technology company’s stock after selling 1,865 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Palo Alto Networks were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in shares of Palo Alto Networks by 15.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after acquiring an additional 53,485 shares during the period. Aviva PLC lifted its stake in shares of Palo Alto Networks by 5.4% during the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock worth $104,774,000 after purchasing an additional 29,230 shares during the last quarter. Granite Islands Private Wealth LLC lifted its stake in shares of Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after purchasing an additional 4,659 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in Palo Alto Networks by 8.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock valued at $8,926,000 after purchasing an additional 3,926 shares in the last quarter. Finally, Oak Thistle LLC bought a new stake in Palo Alto Networks during the fourth quarter valued at about $1,554,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director John P. Key sold 7,500 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares of the company’s stock, valued at $3,490,500. This represents a 37.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the sale, the executive vice president owned 235,983 shares in the company, valued at $61,037,002.95. The trade was a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,239 shares of company stock worth $27,174,360 in the last quarter. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Up 1.3%

Palo Alto Networks stock opened at $358.68 on Friday. The business’s 50-day simple moving average is $290.04 and its two-hundred day simple moving average is $212.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $292.32 billion, a PE ratio of 294.00, a PEG ratio of 13.32 and a beta of 0.91. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data 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. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period last year, the business posted $0.37 earnings per share. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on PANW. Evercore reiterated an “outperform” rating and issued a $415.00 target price on shares of Palo Alto Networks in a report on Wednesday, July 8th. HSBC raised their price target on shares of Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Benchmark lifted their price objective on shares of Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Citigroup reiterated a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Palo Alto Networks in a research note on Monday, July 13th. Finally, Barclays reissued an “overweight” rating and set a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.74.

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.