Palo Alto Networks, Inc. $PANW Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 31.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 128,813 shares of the network technology company’s stock after buying an additional 30,973 shares during the period. Apollon Wealth Management LLC’s holdings in Palo Alto Networks were worth $20,651,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Aviva PLC raised its position in shares of Palo Alto Networks by 5.4% in the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock worth $104,774,000 after buying an additional 29,230 shares during the period. Granite Islands Private Wealth LLC grew its position in Palo Alto Networks by 43.6% during the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock valued at $2,453,000 after acquiring an additional 4,659 shares during the period. Peapack Gladstone Financial Corp grew its position in Palo Alto Networks by 8.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock valued at $8,926,000 after acquiring an additional 3,926 shares during the period. American Century Companies Inc. increased its stake in Palo Alto Networks by 134.1% during the third quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock worth $136,859,000 after acquiring an additional 384,985 shares during the last quarter. Finally, Oak Thistle LLC acquired a new stake in Palo Alto Networks during the fourth quarter worth about $1,554,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PANW has been the topic of several research analyst reports. Needham & Company LLC lifted 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. Weiss Ratings downgraded shares of Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. BNP Paribas Exane raised their price target on shares of Palo Alto Networks from $220.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Arete Research raised shares of Palo Alto Networks from a “sell” rating to a “buy” rating and set a $185.00 price target on the stock in a research report on Tuesday, March 3rd. Finally, Robert W. Baird set a $320.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $306.59.

Palo Alto Networks Stock Performance

Shares of NASDAQ:PANW opened at $304.20 on Monday. The business’s 50-day simple moving average is $241.22 and its 200 day simple moving average is $196.11. The company has a market cap of $247.92 billion, a P/E ratio of 249.34, a PEG ratio of 11.30 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $306.24.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter in the prior year, the business earned $0.37 EPS. Palo Alto Networks’s quarterly revenue 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. On average, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the sale, the executive vice president directly owned 235,983 shares in the company, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 106,389 shares of company stock valued at $27,570,630. 1.40% of the stock is owned by company insiders.

About Palo Alto Networks

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.