NewEdge Wealth LLC Makes New Investment in Palo Alto Networks, Inc. $PANW

NewEdge Wealth LLC bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 56,508 shares of the network technology company’s stock, valued at approximately $19,270,000.

Other hedge funds have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its stake in Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock worth $65,796,000 after purchasing an additional 53,485 shares in the last quarter. Aviva PLC grew its stake in shares of Palo Alto Networks by 5.4% in the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after buying an additional 29,230 shares in the last quarter. B&D White Capital Company LLC purchased a new stake in shares of Palo Alto Networks in the 1st quarter valued at $353,000. Bridgewater Advisors Inc. acquired a new position in Palo Alto Networks during the 2nd quarter worth about $2,159,000. Finally, Granite Islands Private Wealth LLC lifted its stake in 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 acquiring an additional 4,659 shares in the last quarter. Hedge funds and other 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

Wall Street Analysts Forecast Growth

PANW has been the topic of a number of recent research reports. Capital One Financial set a $421.00 price target on shares of Palo Alto Networks and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Scotiabank reissued a “sector outperform” rating and issued a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Mizuho set a $415.00 price objective on shares of Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday. Jefferies Financial Group set a $335.00 target price on shares of Palo Alto Networks and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $360.89.

Insider Buying and Selling

In other news, Director Helle Thorning-Schmidt sold 700 shares of Palo Alto Networks stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares of the company’s stock, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction 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 transaction, the director owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 100,839 shares of company stock worth $27,079,580. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of PANW opened at $359.76 on Thursday. 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 PE ratio of 294.89, a PEG ratio of 12.55 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 stock has a 50-day simple moving average of $334.41 and a 200-day simple moving average of $239.69.

Palo Alto Networks (NASDAQ:PANW) last released its 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. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior year, the firm 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. On average, analysts predict that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

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.