Palo Alto Networks (NASDAQ:PANW) EVP Dipak Golechha Sells 5,000 Shares

Palo Alto Networks, Inc. (NASDAQ:PANW) EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Dipak Golechha also recently made the following trade(s):

• On Wednesday, April 1st, Dipak Golechha sold 5,000 shares of Palo Alto Networks stock. The shares were sold at an average price of $160.42, for a total transaction of $802,100.00.

Palo Alto Networks Price Performance

PANW opened at $285.26 on Thursday. The company has a fifty day moving average price of $235.79 and a two-hundred day moving average price of $194.68. The firm has a market capitalization of $232.49 billion, a PE ratio of 233.82, a P/E/G ratio of 10.80 and a beta of 0.94. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $302.95. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. 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, analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On Palo Alto Networks

Several large investors have recently modified their holdings of PANW. Vanguard Group Inc. lifted 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 valued at $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. State Street Corp increased its stake in Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after purchasing an additional 594,789 shares in the last quarter. Bank of America Corp DE raised its holdings in Palo Alto Networks by 16.0% during the 1st 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 during the period. Geode Capital Management LLC raised its holdings in Palo Alto Networks by 3.5% during the 4th 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 during the period. Finally, Norges Bank bought a new position in Palo Alto Networks in the fourth quarter valued at approximately $1,415,364,000. 79.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PANW shares. Piper Sandler restated an “overweight” rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Capital One Financial upped their price target on Palo Alto Networks from $168.00 to $248.00 and gave the company an “equal weight” rating in a research note on Tuesday, May 19th. BNP Paribas Exane increased their price target on shares of Palo Alto Networks from $220.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Sanford C. Bernstein lifted their price objective on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company restated an “overweight” rating and set a $325.00 price objective (up from $285.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.