Weatherly Asset Management L. P. Acquires 105,240 Shares of Palo Alto Networks, Inc. $PANW

Weatherly Asset Management L. P. boosted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 311.8% during the first quarter, Holdings Channel.com reports. The firm owned 138,990 shares of the network technology company’s stock after acquiring an additional 105,240 shares during the period. Palo Alto Networks accounts for about 1.8% of Weatherly Asset Management L. P.’s portfolio, making the stock its 17th largest position. Weatherly Asset Management L. P.’s holdings in Palo Alto Networks were worth $22,283,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of PANW. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks in the 2nd quarter worth $25,000. Steph & Co. raised its position in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Knuff & Co LLC purchased a new stake in shares of Palo Alto Networks during the 4th quarter valued at about $26,000. Sittner & Nelson LLC lifted its holdings in shares of Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. Finally, Luken Investment Analytics LLC lifted its holdings in shares of Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after acquiring an additional 102 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In related news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the transaction, the executive vice president directly owned 150,250 shares in the company, valued at approximately $24,103,105. This trade represents a 3.22% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 101,044 shares of company stock valued at $26,022,722. 1.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

PANW has been the topic of several analyst reports. Wells Fargo & Company reissued an “overweight” rating and set a $325.00 price objective (up from $285.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. BTIG Research raised their price objective on Palo Alto Networks from $268.00 to $333.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Needham & Company LLC raised their price objective on Palo Alto Networks from $200.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Sanford C. Bernstein boosted their target price on Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $306.59.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $287.78 on Friday. The stock has a market cap of $234.54 billion, a PE ratio of 235.89, a PEG ratio of 10.69 and a beta of 0.94. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95. The company’s 50-day moving average price is $228.24 and its 200-day moving average price is $192.65. 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 announced its quarterly earnings data 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. The company had revenue of $3 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter last year, the business 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 research analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share 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.