Palo Alto Networks, Inc. $PANW is Noked Israel Ltd’s 8th Largest Position

Noked Israel Ltd grew its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 19.4% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 96,000 shares of the network technology company’s stock after purchasing an additional 15,625 shares during the period. Palo Alto Networks comprises 2.8% of Noked Israel Ltd’s investment portfolio, making the stock its 8th largest holding. Noked Israel Ltd’s holdings in Palo Alto Networks were worth $17,683,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Aviva PLC grew its stake in Palo Alto Networks by 5.4% during the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock worth $104,774,000 after buying an additional 29,230 shares during the period. Westfield Capital Management Co. LP acquired a new position in shares of Palo Alto Networks during the third quarter worth $75,412,000. Peapack Gladstone Financial Corp lifted its position in shares of Palo Alto Networks by 8.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock worth $8,926,000 after purchasing an additional 3,926 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Palo Alto Networks by 134.1% during the third quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock worth $136,859,000 after purchasing an additional 384,985 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Palo Alto Networks by 0.6% during the third quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock worth $277,828,000 after purchasing an additional 8,344 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Up 0.0%

PANW opened at $279.62 on Friday. The stock has a market capitalization of $227.89 billion, a PE ratio of 229.20, a P/E/G ratio of 10.38 and a beta of 0.94. The firm’s fifty day moving average price is $216.44 and its 200 day moving average price is $189.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $302.95.

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, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the previous year, the firm earned $0.37 earnings per share. The firm’s revenue for the quarter 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. As a group, research analysts expect that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Insider Activity

In other Palo Alto Networks news, Director Aparna Bawa sold 536 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $280.00, for a total transaction of $150,080.00. Following the completion of the sale, the director owned 7,704 shares in the company, valued at $2,157,120. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John P. Key sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the sale, the director owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 81,044 shares of company stock valued at $20,424,722 over the last quarter. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PANW shares. Royal Bank Of Canada boosted their target price on shares of Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Piper Sandler reissued an “overweight” rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Northland Securities boosted their target price on shares of Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 3rd. BTIG Research boosted their target price on shares of Palo Alto Networks from $268.00 to $333.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Loop Capital boosted their target price on shares of Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.