27,047 Shares in Palo Alto Networks, Inc. $PANW Purchased by Principle Wealth Partners LLC

Principle Wealth Partners LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,047 shares of the network technology company’s stock, valued at approximately $9,224,000.

A number of other hedge funds have also recently bought and sold shares of the business. Janney Montgomery Scott LLC boosted its stake in Palo Alto Networks by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after acquiring an additional 53,485 shares during the last quarter. Aviva PLC increased its position in shares of Palo Alto Networks by 5.4% in the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock worth $104,774,000 after purchasing an additional 29,230 shares during the last quarter. B&D White Capital Company LLC bought a new stake in shares of Palo Alto Networks in the 1st quarter worth about $353,000. Bridgewater Advisors Inc. acquired a new stake in shares of Palo Alto Networks in the 2nd quarter valued at about $2,159,000. Finally, Granite Islands Private Wealth LLC raised its stake in shares of Palo Alto Networks by 43.6% in the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock valued at $2,453,000 after purchasing an additional 4,659 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PANW shares. Truist Financial lifted their price target on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Stephens upped their price objective on Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. increased their target price on Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $434.00 target price (up from $330.00) on shares of Palo Alto Networks in a research report on Friday. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $342.61.

Insider Activity

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares of the company’s stock, valued at $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the sale, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock worth $27,174,360 over the last 90 days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $375.76 on Tuesday. The company has a market cap of $306.24 billion, a PE ratio of 308.00, a P/E/G ratio of 12.89 and a beta of 0.91. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The firm has a 50-day simple moving average of $330.20 and a 200 day simple moving average of $237.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last announced 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. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business’s quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. 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, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

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.