Evolve Private Wealth LLC Lowers Position in Palo Alto Networks, Inc. $PANW

Evolve Private Wealth LLC lessened its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 20.2% during the first quarter, HoldingsChannel reports. The institutional investor owned 7,367 shares of the network technology company’s stock after selling 1,865 shares during the quarter. Evolve Private Wealth LLC’s holdings in Palo Alto Networks were worth $1,181,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aviva PLC raised its position in Palo Alto Networks by 5.4% during the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after purchasing an additional 29,230 shares in the last quarter. Westfield Capital Management Co. LP bought a new stake in Palo Alto Networks during the third quarter worth about $75,412,000. Peapack Gladstone Financial Corp boosted its holdings in shares of Palo Alto Networks by 8.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock worth $8,926,000 after purchasing an additional 3,926 shares in the last quarter. American Century Companies Inc. increased its position in shares of Palo Alto Networks by 134.1% during the 3rd quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock valued at $136,859,000 after purchasing an additional 384,985 shares during the last quarter. Finally, US Bancorp DE raised its holdings in shares of Palo Alto Networks by 0.6% during the 3rd quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock valued at $277,828,000 after buying an additional 8,344 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Palo Alto Networks Trading Up 1.6%

Shares of PANW opened at $290.92 on Wednesday. The stock has a market capitalization of $237.10 billion, a P/E ratio of 238.46, a PEG ratio of 10.63 and a beta of 0.94. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $302.95. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a fifty day simple moving average of $233.33 and a two-hundred day simple moving average of $194.05.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $330.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. William Blair reiterated an “outperform” rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. JPMorgan Chase & Co. boosted their price target on shares of Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Jefferies Financial Group set a $335.00 price objective on Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Finally, Stephens boosted their target price on Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $306.59.

Insider Buying and Selling

In other Palo Alto Networks news, Director Aparna Bawa sold 345 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $290.17, for a total transaction of $100,108.65. Following the completion of the transaction, the director owned 7,359 shares of the company’s stock, valued at $2,135,361.03. This represents a 4.48% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John P. Key sold 7,500 shares of the 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 of the company’s stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 101,389 shares of company stock valued at $26,122,830 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

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.