Burney Co. Sells 56,913 Shares of Palo Alto Networks, Inc. $PANW

Burney Co. lowered its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 52.1% in the first quarter, Holdings Channel.com reports. The firm owned 52,297 shares of the network technology company’s stock after selling 56,913 shares during the period. Burney Co.’s holdings in Palo Alto Networks were worth $8,384,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the second quarter valued at approximately $25,000. Knuff & Co LLC purchased a new stake in Palo Alto Networks in the 4th quarter valued at $26,000. Steph & Co. boosted its holdings in Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter. Sittner & Nelson LLC grew its stake 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 worth $27,000 after acquiring an additional 62 shares in the last quarter. Finally, WHI TRUST Co LLC bought a new stake in shares of Palo Alto Networks in the 4th quarter worth $28,000. 79.82% of the stock is owned by institutional investors.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $357.53 on Tuesday. The company has a market capitalization of $291.39 billion, a PE ratio of 293.06, a price-to-earnings-growth ratio of 12.92 and a beta of 0.91. 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 52-week low of $139.57 and a 52-week high of $368.17. The company has a 50-day simple moving average of $258.43 and a 200 day simple moving average of $201.50.

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, 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. During the same period in the previous year, the company earned $0.37 earnings per share. The company’s quarterly revenue was up 31.1% on a year-over-year basis. 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 predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently weighed in on PANW shares. Robert W. Baird set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Palo Alto Networks from $220.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Truist Financial increased their price objective on shares of Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company lifted their target price on shares of Palo Alto Networks from $325.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Finally, UBS Group set a $300.00 target price on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $317.78.

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 stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 102,111 shares of company stock valued at $27,204,024 in the last quarter. Insiders own 1.40% of the company’s stock.

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.