Arax Advisory Partners Sells 32,271 Shares of Palo Alto Networks, Inc. $PANW

Arax Advisory Partners decreased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 77.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,264 shares of the network technology company’s stock after selling 32,271 shares during the quarter. Arax Advisory Partners’ holdings in Palo Alto Networks were worth $1,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Harold Davidson & Associates Inc. increased its stake in Palo Alto Networks by 5.0% in the 3rd quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock worth $215,000 after acquiring an additional 50 shares during the last quarter. Princeton Capital Management LLC increased its position in shares of Palo Alto Networks by 3.4% during the 3rd quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock valued at $310,000 after purchasing an additional 50 shares during the last quarter. South Plains Financial Inc. increased its position in shares of Palo Alto Networks by 1.0% during the 3rd quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock valued at $982,000 after purchasing an additional 50 shares during the last quarter. Fayez Sarofim & Co increased its position in shares of Palo Alto Networks by 1.2% during the 3rd quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock valued at $878,000 after purchasing an additional 50 shares during the last quarter. Finally, Certified Advisory Corp increased its position in shares of Palo Alto Networks by 0.3% during the 3rd quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock valued at $3,449,000 after purchasing an additional 51 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Buying and Selling at Palo Alto Networks

In other news, CEO Nikesh Arora purchased 68,085 shares of the company’s stock in a transaction dated Friday, March 27th. The shares were acquired at an average price of $146.87 per share, with a total value of $9,999,643.95. Following the transaction, the chief executive officer owned 343,394 shares of the company’s stock, valued at $50,434,276.78. This represents a 24.73% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the transaction, the chief accounting officer directly owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 81,044 shares of company stock worth $20,424,722. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Up 1.8%

NASDAQ:PANW opened at $284.54 on Tuesday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $302.95. The company has a market cap of $231.90 billion, a price-to-earnings ratio of 233.23, a price-to-earnings-growth ratio of 10.38 and a beta of 0.94. The stock has a fifty day simple moving average of $218.86 and a 200-day simple moving average of $189.95. 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 released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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. Analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on PANW shares. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research report on Wednesday, May 27th. Argus boosted their target price on Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Mizuho boosted their target price on Palo Alto Networks from $265.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Citizens Jmp reissued a “market outperform” rating and set a $250.00 target price on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group set a $335.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $306.59.

Palo Alto Networks 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.