208,149 Shares in Palo Alto Networks, Inc. $PANW Purchased by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. acquired a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, Holdings Channel reports. The fund acquired 208,149 shares of the network technology company’s stock, valued at approximately $70,983,000. Palo Alto Networks accounts for approximately 0.9% of Tocqueville Asset Management L.P.’s holdings, making the stock its 24th biggest holding.

Several other hedge funds have also recently modified their holdings of the company. one8zero8 LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth approximately $677,000. Mmbg Investment Advisors CO. bought a new stake in Palo Alto Networks during the second quarter worth $3,196,000. West Family Investments Inc. bought a new stake in Palo Alto Networks during the second quarter worth $693,000. Knuff & Co LLC purchased a new position in Palo Alto Networks in the second quarter worth $920,000. Finally, Denali Advisors LLC boosted its position in Palo Alto Networks by 0.4% in the second quarter. Denali Advisors LLC now owns 21,135 shares of the network technology company’s stock worth $7,207,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

More Palo Alto Networks News

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target for Palo Alto Networks from $340 to $425 and maintained an “overweight” rating, implying substantial potential upside from recent trading levels. Cantor Fitzgerald price-target update
• Positive Sentiment: Palo Alto Networks introduced its Frontier AI Critical Defense Program, a collaboration focused on protecting critical infrastructure from AI-driven vulnerabilities. The initiative could strengthen PANW’s positioning in the growing AI-security market, although its near-term financial impact is unclear. Frontier AI Critical Defense Program announcement
• Neutral Sentiment: TD Cowen reportedly expects strong appreciation for PANW shares, while other brokerage coverage gives the stock a “Moderate Buy” average recommendation. These views support the long-term outlook but did not prevent near-term selling. TD Cowen forecast
• Neutral Sentiment: A lawmaker’s disclosed purchases of several cybersecurity stocks highlight continued investor and policy interest in the sector, but the purchases were not specific to Palo Alto Networks and are unlikely to materially affect PANW’s valuation. Cybersecurity stock purchases
• Negative Sentiment: Cybersecurity shares sold off broadly, with CrowdStrike declining sharply despite a higher Truist price target; Palo Alto Networks also fell during the session. The sector move appears to be the main immediate pressure on PANW. Cybersecurity sector selloff
• Negative Sentiment: Investors may also be taking profits after a substantial rally. With PANW trading at a very elevated earnings multiple, strong growth expectations leave the stock vulnerable when sector sentiment weakens or positive news fails to exceed expectations. Palo Alto Networks trading update

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the sale, the director directly owned 20,000 shares in the company, valued at $5,598,000. This trade represents a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 100,839 shares of company stock worth $27,079,580. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PANW. Citigroup reaffirmed a “market outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, August 12th. 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. Mizuho set a $415.00 price target on shares of Palo Alto Networks and gave the stock an “outperform” rating in a research note on Wednesday. Wolfe Research reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, William Blair reissued an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $360.89.

Palo Alto Networks Trading Down 3.8%

Shares of PANW stock opened at $359.76 on Thursday. The company’s fifty day simple moving average is $334.41 and its two-hundred day simple moving average is $239.69. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $398.88. The stock has a market capitalization of $293.20 billion, a price-to-earnings ratio of 294.89, a PEG ratio of 12.55 and a beta of 0.91.

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 during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period last year, the company earned $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. As a group, analysts anticipate 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.