Pictet Asset Management Holding SA Raises Stock Position in Palo Alto Networks, Inc. $PANW

Pictet Asset Management Holding SA increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,809,361 shares of the network technology company’s stock after purchasing an additional 452,744 shares during the period. Palo Alto Networks accounts for approximately 0.8% of Pictet Asset Management Holding SA’s investment portfolio, making the stock its 19th biggest position. Pictet Asset Management Holding SA’s holdings in Palo Alto Networks were worth $770,477,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in Palo Alto Networks by 147.7% in the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC boosted its stake in Palo Alto Networks by 169.1% during the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after purchasing an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC grew its holdings in shares of Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after buying an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. grew its holdings in shares of Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after buying an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its position in shares of Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after buying an additional 249 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Palo Alto Networks

In other news, Director John P. Key sold 7,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,389 shares of company stock valued at $27,570,630 over the last ninety days. 1.40% of the stock is owned by insiders.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $304.20 on Friday. The company’s 50-day moving average is $241.22 and its two-hundred day moving average is $196.11. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $306.24. 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 $247.92 billion, a price-to-earnings ratio of 249.34, a PEG ratio of 11.30 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business posted $0.37 EPS. The company’s revenue 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Robert W. Baird set a $320.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Truist Financial increased their price objective on shares of Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Benchmark raised their target price on shares of Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Needham & Company LLC boosted their target price on Palo Alto Networks from $200.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group set a $335.00 price target on Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $306.59.

About Palo Alto Networks

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.