Tandem Wealth Advisors LLC Buys 1,581 Shares of Palo Alto Networks, Inc. $PANW

Tandem Wealth Advisors LLC lifted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 38.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,711 shares of the network technology company’s stock after buying an additional 1,581 shares during the period. Palo Alto Networks comprises approximately 0.4% of Tandem Wealth Advisors LLC’s holdings, making the stock its 26th largest holding. Tandem Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new stake in Palo Alto Networks in the fourth quarter valued at $1,415,364,000. Vanguard Group Inc. raised its stake in Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Palo Alto Networks by 1,665.1% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock valued at $442,788,000 after acquiring an additional 2,605,433 shares during the period. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 11.9% during the fourth quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after acquiring an additional 2,065,776 shares during the period. Finally, Employees Provident Fund Board acquired a new stake in shares of Palo Alto Networks in the 4th quarter valued at $281,542,000. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

PANW has been the topic of several analyst reports. Scotiabank reaffirmed a “sector outperform” rating and issued a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Arete Research lifted their price target on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a “buy” rating in a report on Monday, June 29th. Morgan Stanley boosted their price target on shares of Palo Alto Networks from $253.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Guggenheim cut shares of Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research note on Wednesday, May 27th. Finally, Tigress Financial raised their price objective on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.74.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the transaction, the executive vice president owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. This represents a 21.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Josh D. Paul sold 1,100 shares of the 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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 101,239 shares of company stock valued at $27,174,360. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $358.68 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $368.80. The firm has a market cap of $292.32 billion, a PE ratio of 294.00, a price-to-earnings-growth ratio of 13.32 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The business has a fifty day moving average of $290.04 and a 200-day moving average of $212.30.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion for 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 firm’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company 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, equities research analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal 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.