State Street Corp Buys 1,493,179 Shares of Palo Alto Networks, Inc. $PANW

State Street Corp increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,979,497 shares of the network technology company’s stock after acquiring an additional 1,493,179 shares during the period. State Street Corp owned approximately 4.52% of Palo Alto Networks worth $12,610,748,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of PANW. Wellington Altus USA Inc. increased its stake in Palo Alto Networks by 17.8% in the second quarter. Wellington Altus USA Inc. now owns 993 shares of the network technology company’s stock valued at $339,000 after acquiring an additional 150 shares during the last quarter. Anchor Investment Management LLC lifted its stake in Palo Alto Networks by 90.1% during the second quarter. Anchor Investment Management LLC now owns 325 shares of the network technology company’s stock worth $111,000 after purchasing an additional 154 shares during the last quarter. Reynders McVeigh Capital Management LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth about $382,000. Bullseye Investment Management LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth about $55,000. Finally, Marathon Wealth Advisors LLC increased its position in shares of Palo Alto Networks by 4.4% during the 2nd quarter. Marathon Wealth Advisors LLC now owns 13,115 shares of the network technology company’s stock valued at $4,472,000 after purchasing an additional 554 shares during the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

PANW has been the topic of a number of research reports. Scotiabank cut Palo Alto Networks from a “sector outperform” rating to a “hold” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada upped their target price on Palo Alto Networks from $434.00 to $475.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. BMO Capital Markets reissued an “outperform” rating and set a $415.00 price target (up from $335.00) on shares of Palo Alto Networks in a research note on Thursday, August 20th. Robert W. Baird set a $420.00 price objective on shares of Palo Alto Networks and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $390.00 price objective (up from $371.00) on shares of Palo Alto Networks in a research note on Wednesday, September 2nd. Thirty-eight investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $390.02.

Palo Alto Networks Trading Down 0.1%

Shares of NASDAQ:PANW traded down $0.21 during midday trading on Tuesday, hitting $371.55. 2,359,869 shares of the stock traded hands, compared to its average volume of 8,448,706. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $398.88. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.06. The business’s 50 day moving average is $353.76 and its two-hundred day moving average is $271.35. The stock has a market capitalization of $303.93 billion, a PE ratio of 727.97, a P/E/G ratio of 10.46 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, September 1st. The network technology company reported $1.02 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.04. The firm had revenue of $3.41 billion for the quarter, compared to analyst estimates of $3.35 billion. Palo Alto Networks had a return on equity of 8.50% and a net margin of 2.67%.The business’s quarterly revenue was up 34.5% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. Palo Alto Networks has set its FY 2027 guidance at 4.160-4.190 EPS and its Q1 2027 guidance at 0.960-0.980 EPS. As a group, research analysts forecast that Palo Alto Networks, Inc. will post 2.31 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $373.68, for a total value of $336,312.00. Following the sale, the chief accounting officer directly owned 72,484 shares of the company’s stock, valued at $27,085,821.12. This represents a 1.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Helle Thorning-Schmidt sold 700 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director owned 5,898 shares in the company, valued at approximately $2,045,721.30. This trade represents a 10.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 28,322 shares of company stock valued at $10,546,409 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Palo Alto Networks News Roundup

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

• Positive Sentiment: Palo Alto Networks launched Unit 42 Continuous Frontier AI Defense, an agentic security service that uses gated models from Anthropic, including Claude Mythos, and OpenAI’s GPT-5.6. The service is designed to continuously identify, validate and remediate vulnerabilities before attackers can exploit them, potentially expanding the company’s AI-related revenue opportunity. Palo Alto Networks AI defense service announcement
• Positive Sentiment: The announcement reinforces Palo Alto Networks’ positioning as businesses increase cybersecurity spending to address AI-driven threats and vulnerabilities. Morgan Stanley raised its price target to $410 from $394, maintained an Overweight rating and named PANW its preferred stock in the sector, citing AI-driven demand and market-share opportunities. Cybersecurity stocks and Morgan Stanley price target report
• Neutral Sentiment: Recent technical analysis identifies support near $353.70-$356 and resistance around $383, with a breakout potentially testing the 12-month high near $398.88. The stock remains well above its 50-day and 200-day moving averages, but this setup leaves sentiment sensitive to momentum and broader technology-sector trading. PANW technical price forecast
• Negative Sentiment: Director James Goetz sold 20,000 PANW shares for approximately $7.5 million. While a single insider sale does not establish a broader trend, it can create a modest overhang, particularly while the stock trades at a very high price-to-earnings ratio and near its yearly peak. SEC insider transaction filing

Palo Alto Networks Company Profile

Palo Alto Networks, Inc is a cybersecurity company that provides security products and services to businesses, governments and other organizations worldwide. The company helps customers protect networks, cloud environments, endpoints, applications and connected devices from cyber threats.

Its portfolio includes next-generation firewalls and network security technologies, as well as cloud-delivered security solutions such as Prisma Access and Prisma Cloud. Palo Alto Networks also offers Cortex products for endpoint protection, security operations, threat detection and response, and automation.