Palo Alto Networks, Inc. $PANW Shares Purchased by Hazlett Burt & Watson Inc.

Hazlett Burt & Watson Inc. grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,299 shares of the network technology company’s stock after purchasing an additional 311 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Palo Alto Networks were worth $470,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HWG Holdings LP acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $31,000. Dagco Inc. acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $33,000. Marshall & Sullivan Inc. WA acquired a new position in Palo Alto Networks during the 2nd quarter worth approximately $41,000. WPG Advisers LLC acquired a new position in Palo Alto Networks during the 1st quarter worth approximately $37,000. Finally, Strategic Investment Solutions Inc. IL increased its position in Palo Alto Networks by 58.9% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after purchasing an additional 83 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, CEO Nikesh Arora sold 846,408 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the transaction, the chief executive officer owned 275,013 shares of the company’s stock, valued at $56,119,152.78. This represents a 75.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Nir Zuk sold 100,000 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the transaction, the executive vice president directly owned 3,143,516 shares in the company, valued at approximately $543,199,564.80. This represents a 3.08% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,315,130 shares of company stock worth $260,687,367. Company insiders own 2.50% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Piper Sandler upgraded Palo Alto Networks from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $200.00 to $225.00 in a research report on Tuesday, August 12th. Barclays reissued an “overweight” rating and set a $215.00 price target (up previously from $210.00) on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Jefferies Financial Group set a $235.00 price target on Palo Alto Networks in a research note on Tuesday, July 29th. Royal Bank Of Canada reissued an “outperform” rating and set a $232.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Finally, Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Palo Alto Networks in a research note on Monday, September 15th. Twenty-eight research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $214.95.

Palo Alto Networks Stock Performance

PANW stock opened at $208.55 on Monday. Palo Alto Networks, Inc. has a 1 year low of $144.15 and a 1 year high of $217.94. The stock’s 50 day moving average price is $192.94 and its 200 day moving average price is $189.28. The firm has a market cap of $139.50 billion, a P/E ratio of 129.94, a PEG ratio of 4.96 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The company had revenue of $2.54 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, research analysts predict that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.