235,239 Shares in Palo Alto Networks, Inc. $PANW Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 235,239 shares of the network technology company’s stock, valued at approximately $80,221,000. Palo Alto Networks accounts for about 1.0% of Flputnam Investment Management Co.’s portfolio, making the stock its 20th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares during the period. State Street Corp lifted its stake in shares of 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 valued at $5,587,100,000 after buying an additional 594,789 shares during the period. Bank of America Corp DE grew its position in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares in the last quarter. Geode Capital Management LLC grew its position in 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 worth $2,934,935,000 after buying an additional 540,756 shares in the last quarter. Finally, Norges Bank bought a new position in Palo Alto Networks during the fourth quarter valued at about $1,415,364,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Palo Alto Networks Stock Performance

PANW stock opened at $384.27 on Monday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The firm has a market cap of $313.18 billion, a P/E ratio of 314.98, a P/E/G ratio of 12.89 and a beta of 0.91. The business’s 50 day moving average is $328.02 and its 200-day moving average is $235.70. 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 earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion during 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%.Palo Alto Networks’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period in the prior 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. Equities analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PANW has been the subject of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. The Goldman Sachs Group restated a “buy” rating and set a $330.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Scotiabank restated a “sector outperform” rating and issued a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. DA Davidson raised their target price on Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $339.61.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 900 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is owned by insiders.

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.