DA Davidson Increases Palo Alto Networks (NASDAQ:PANW) Price Target to $345.00

Palo Alto Networks (NASDAQ:PANW) had its target price raised by investment analysts at DA Davidson from $190.00 to $345.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the network technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 16.09% from the stock’s current price.

Several other brokerages also recently issued reports on PANW. Wells Fargo & Company restated an “overweight” rating on shares of Palo Alto Networks in a report on Wednesday. Evercore reiterated an “outperform” rating and set a $375.00 price objective on shares of Palo Alto Networks in a report on Wednesday. Scotiabank reiterated an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. Morgan Stanley lifted their price objective on Palo Alto Networks from $223.00 to $253.00 and gave the company an “overweight” rating in a report on Wednesday, May 20th. Finally, New Street Research cut their price objective on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Two analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $257.53.

Palo Alto Networks Trading Down 1.1%

Palo Alto Networks stock opened at $297.18 on Wednesday. The firm has a market capitalization of $242.50 billion, a P/E ratio of 164.19, a PEG ratio of 10.83 and a beta of 0.94. Palo Alto Networks has a 1 year low of $139.57 and a 1 year high of $302.95. The business has a 50-day moving average of $195.20 and a 200-day moving average of $184.31.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results 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. The company 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 17.60% and a net margin of 12.96%.The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. 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. Research analysts anticipate that Palo Alto Networks will post 2.14 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, CEO Nikesh Arora bought 68,085 shares of the business’s stock in a transaction on Friday, March 27th. The shares were purchased at an average price of $146.87 per share, for a total transaction of $9,999,643.95. Following the purchase, the chief executive officer owned 343,394 shares of the company’s stock, valued at approximately $50,434,276.78. The trade was a 24.73% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the sale, the executive vice president owned 150,250 shares in the company, valued at $24,103,105. The trade was a 3.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 94,760 shares of company stock worth $21,660,063. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Palo Alto Networks

Several institutional investors have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Palo Alto Networks in the 4th quarter valued at about $1,415,364,000. Bank of America Corp DE grew its holdings in shares of 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 valued at $3,603,473,000 after acquiring an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of 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 acquiring an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Palo Alto Networks by 1,665.1% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock valued at $442,788,000 after acquiring an additional 2,605,433 shares in the last quarter. Finally, Amundi grew its holdings in shares of Palo Alto Networks by 67.1% in the 1st quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock valued at $1,009,669,000 after acquiring an additional 2,528,299 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Key Stories Impacting Palo Alto Networks

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

• Positive Sentiment: Palo Alto Networks beat fiscal Q3 estimates, reporting EPS of $0.85 versus $0.79 expected and revenue of $3.0 billion versus $2.94 billion expected, with sales up 31.1% year over year. Article Title
• Positive Sentiment: The company raised FY2026 and Q4 guidance well above Wall Street forecasts, reinforcing confidence in accelerating demand and stronger profitability ahead. Article Title
• Positive Sentiment: Management said AI-related security concerns are driving more customer engagement, with CEO Nikesh Arora saying meeting requests have surged as enterprises prepare for new AI risks. Article Title
• Positive Sentiment: Analyst sentiment also improved, with JPMorgan and Baird raising price targets to $300, which supports the view that the post-earnings rally may have more room if execution holds. Article Title
• Neutral Sentiment: Palo Alto also completed its acquisition of Portkey, an AI gateway provider, which could strengthen its AI-security platform over time, though the near-term financial impact is unclear. Article Title
• Negative Sentiment: An insider sale by the chief accounting officer may create a small overhang, but it appears minor compared with the company’s strong operating results. Article Title

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.