Palo Alto Networks, Inc. $PANW Shares Purchased by Baxter Bros Inc.

Baxter Bros Inc. lifted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 38.5% in the 1st quarter, Holdings Channel.com reports. The firm owned 10,416 shares of the network technology company’s stock after purchasing an additional 2,898 shares during the quarter. Baxter Bros Inc.’s holdings in Palo Alto Networks were worth $1,670,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Palo Alto Networks during the second quarter worth $25,000. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the 4th quarter worth about $26,000. Steph & Co. raised its position in shares of 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 purchasing an additional 67 shares during the last quarter. Sittner & Nelson LLC lifted its stake in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after buying an additional 62 shares in the last quarter. Finally, WHI TRUST Co LLC acquired a new stake in Palo Alto Networks in the 4th quarter worth about $28,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. FBN Securities reissued an “outperform” rating on shares of Palo Alto Networks in a report on Wednesday, July 1st. Cantor Fitzgerald set a $340.00 price target on Palo Alto Networks and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Weiss Ratings downgraded Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Argus raised their price objective on Palo Alto Networks from $222.00 to $320.00 in a report on Friday, June 5th. Finally, Truist Financial lifted their target price on shares of Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $317.78.

Palo Alto Networks Stock Up 2.7%

Shares of NASDAQ:PANW opened at $357.53 on Tuesday. 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 business has a fifty day moving average of $258.43 and a two-hundred day moving average of $201.50. The stock has a market cap of $291.39 billion, a P/E ratio of 293.06, a PEG ratio of 12.92 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.17.

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

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the transaction, the executive vice president directly owned 145,250 shares of the company’s stock, valued at $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,111 shares of company stock valued at $27,204,024 over the last ninety days. Corporate 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.