Bogart Wealth LLC Has $16.30 Million Stake in Palo Alto Networks, Inc. $PANW

Bogart Wealth LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 28.7% during the first quarter, Holdings Channel.com reports. The firm owned 101,663 shares of the network technology company’s stock after buying an additional 22,693 shares during the quarter. Palo Alto Networks accounts for 0.6% of Bogart Wealth LLC’s portfolio, making the stock its 28th biggest holding. Bogart Wealth LLC’s holdings in Palo Alto Networks were worth $16,299,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of 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 buying an additional 2,659,100 shares in the last quarter. State Street Corp grew its stake in shares of Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after acquiring an additional 594,789 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Palo Alto Networks by 11.9% in 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 in the last quarter. Geode Capital Management LLC increased its position in Palo Alto Networks by 3.5% during the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after acquiring an additional 540,756 shares during the period. Finally, Norges Bank bought a new position in Palo Alto Networks during the fourth quarter worth about $1,415,364,000. 79.82% of the stock is currently owned by institutional investors.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction dated 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 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. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Lee Klarich sold 62,904 shares of the business’s 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 transaction, the executive vice president directly owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 102,111 shares of company stock valued at $27,204,024. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $348.06 on Monday. The business has a fifty day moving average price of $258.43 and a two-hundred day moving average price of $201.50. The stock has a market capitalization of $283.67 billion, a PE ratio of 285.30, a PEG ratio of 12.92 and a beta of 0.91. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $358.10. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

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, beating 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter last year, the company posted $0.37 EPS. The company’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. Equities analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on PANW shares. DA Davidson boosted their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Capital One Financial raised their target price on shares of Palo Alto Networks from $168.00 to $248.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 19th. BNP Paribas Exane lifted their price target on shares of Palo Alto Networks from $330.00 to $380.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Wolfe Research reiterated an “outperform” rating and issued a $320.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Argus increased their price target on Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.15.

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.