Corient Private Wealth LP Buys 306,826 Shares of Palo Alto Networks, Inc. $PANW

Corient Private Wealth LP boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 38.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,111,104 shares of the network technology company’s stock after buying an additional 306,826 shares during the period. Corient Private Wealth LP’s holdings in Palo Alto Networks were worth $378,906,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Palo Alto Networks during the 2nd quarter valued at about $25,833,462,000. State Street Corp raised its holdings in Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after buying an additional 594,789 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Palo Alto Networks by 0.9% in the second quarter. Bank of America Corp DE now owns 22,681,876 shares of the network technology company’s stock worth $7,734,973,000 after buying an additional 205,123 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after buying an additional 540,756 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Palo Alto Networks during the fourth quarter valued at approximately $1,415,364,000. 79.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PANW has been the subject of several recent analyst reports. Benchmark boosted their price target on Palo Alto Networks from $340.00 to $400.00 and gave the stock a “buy” rating in a research note on Monday. Royal Bank Of Canada restated an “outperform” rating and set a $434.00 price objective (up from $330.00) on shares of Palo Alto Networks in a research report on Friday, August 14th. Stephens lifted their target price on shares of Palo Alto Networks from $180.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 3rd. HSBC increased their price target on Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $400.00 price objective (up from $350.00) on shares of Palo Alto Networks in a report on Tuesday, August 4th. 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 given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $365.87.

Insiders Place Their Bets

In other Palo Alto Networks news, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the sale, the chief accounting officer owned 79,644 shares in the company, valued at $27,477,180. This represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Aparna Bawa sold 290 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the transaction, the director directly owned 6,437 shares in the company, valued at $2,244,839.38. This trade represents a 4.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 37,935 shares of company stock valued at $10,809,461. 1.40% of the stock is currently owned by corporate insiders.

Key Stories Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Analysts remain bullish: BTIG Research reaffirmed its “Buy” rating and set a $380 price target, implying roughly 12% upside from the referenced price. BTIG Reiterates Buy Rating on Palo Alto Networks
• Positive Sentiment: JPMorgan raised its price target from $326 to $384 and maintained an “Overweight” rating, signaling improved confidence in PANW’s earnings and growth outlook. JPMorgan Raises Palo Alto Networks Price Target
• Positive Sentiment: Wall Street’s overall analyst view remains favorable, and Benchmark also expects the stock to rise. Strong firewall bookings, software growth and AI-related traffic are cited as potential drivers of longer-term network-security demand. Wall Street Analysts See Palo Alto as a Buy Can Rising Network Security Demand Boost PANW’s Long-Term Growth?
• Neutral Sentiment: PANW was scheduled to report earnings, giving investors a near-term catalyst. Its latest reported quarter exceeded consensus revenue and EPS estimates, but the stock’s high valuation leaves results and guidance important for sustaining momentum. Palo Alto Networks Expected to Post Earnings
• Neutral Sentiment: The reported short-interest data shows zero shares short, so it provides no meaningful evidence of short-seller pressure or potential short-covering support.
• Negative Sentiment: Palo Alto Networks recently fell even as the broader market gained, indicating near-term profit-taking, valuation concerns or company-specific selling. The decline followed a session in which PANW lost more than 3%. Palo Alto Networks Stock Sinks as Market Gains

Palo Alto Networks Stock Down 0.2%

PANW opened at $339.31 on Thursday. The firm’s 50 day simple moving average is $341.05 and its two-hundred day simple moving average is $246.01. The company has a market capitalization of $276.54 billion, a PE ratio of 278.12, a PEG ratio of 11.39 and a beta of 0.91. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Palo Alto Networks Company 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.