EverSource Wealth Advisors LLC Acquires 10,146 Shares of Palo Alto Networks, Inc. $PANW

EverSource Wealth Advisors LLC raised its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 38.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 36,503 shares of the network technology company’s stock after acquiring an additional 10,146 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $5,852,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of PANW. GSG Advisors LLC lifted its holdings in shares of Palo Alto Networks by 0.4% during the first quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock valued at $2,010,000 after purchasing an additional 51 shares in the last quarter. Outfitters Financial LLC raised its position in Palo Alto Networks by 1.7% in the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock worth $601,000 after buying an additional 55 shares during the last quarter. Ancora Advisors LLC lifted its stake in Palo Alto Networks by 2.4% during the 3rd quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company’s stock valued at $471,000 after acquiring an additional 55 shares during the period. PGIM Custom Harvest LLC lifted its stake in Palo Alto Networks by 1.4% during the 3rd quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company’s stock valued at $786,000 after acquiring an additional 55 shares during the period. Finally, CYBER HORNET ETFs LLC boosted its holdings in shares of Palo Alto Networks by 3.4% during the 3rd quarter. CYBER HORNET ETFs LLC now owns 1,739 shares of the network technology company’s stock valued at $354,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $319.00 on Wednesday. The company has a market capitalization of $259.99 billion, a PE ratio of 261.48, a price-to-earnings-growth ratio of 11.78 and a beta of 0.91. 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 business’s fifty day moving average is $303.77 and its 200 day moving average is $219.63. 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 issued 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. 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 quarter in the prior year, the business posted $0.37 earnings per share. The business’s quarterly 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. Sell-side analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the transaction, the chief accounting officer owned 79,644 shares in the company, valued at $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

PANW has been the topic of a number of research analyst reports. Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Oppenheimer lifted their target price on shares of Palo Alto Networks from $275.00 to $350.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Truist Financial boosted their target price on shares of Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Capital One Financial set a $421.00 price target on Palo Alto Networks and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Royal Bank Of Canada lifted their price objective on Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $331.48.

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.