Palo Alto Networks, Inc. $PANW Shares Bought by Aljian Capital Management LLC

Aljian Capital Management LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.0% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,220 shares of the network technology company’s stock after purchasing an additional 1,574 shares during the period. Palo Alto Networks accounts for about 0.7% of Aljian Capital Management LLC’s investment portfolio, making the stock its 20th biggest holding. Aljian Capital Management LLC’s holdings in Palo Alto Networks were worth $3,402,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of PANW. Vanguard Group Inc. increased its holdings in shares of Palo Alto Networks by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. State Street Corp grew its position in Palo Alto Networks by 2.0% during the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after buying an additional 594,789 shares during the period. Bank of America Corp DE grew its position in Palo Alto Networks by 11.9% during the fourth quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after buying an additional 2,065,776 shares during the period. Geode Capital Management LLC increased its holdings in Palo Alto Networks by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after buying an additional 540,756 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Palo Alto Networks during the 4th quarter valued at approximately $1,415,364,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Needham raised its price target on Palo Alto Networks from $350 to $425 and kept a buy rating, signaling confidence in additional upside from current levels. Benzinga report on Needham price target increase
• Positive Sentiment: BTIG recently lifted its target from $333 to $380, maintained a buy rating, and kept PANW as a top pick, citing improving business momentum and strong demand for AI-driven security solutions. BTIG raised PT on Palo Alto (PANW), Here’s Why
• Positive Sentiment: Wells Fargo also raised its price target on the stock, adding to a wave of favorable analyst commentary that has been supporting the share price. Palo Alto Networks (PANW) Stock Trades Up, Here Is Why
• Neutral Sentiment: Several recent articles highlighted PANW’s strong six-month rally and its position as an “agentic AI” and high-growth cybersecurity stock, reinforcing positive sentiment but not adding new fundamentals. Palo Alto (PANW) Up More than 96% Over The Past 6 Months
• Negative Sentiment: Some Seeking Alpha pieces argued the stock’s valuation has become stretched and warned that the recent re-rating may have gone too far, which could temper enthusiasm after the sharp run-up. Extreme Exuberance Is A Warning Sign

Palo Alto Networks Price Performance

PANW stock opened at $337.04 on Wednesday. The stock’s 50 day moving average price is $265.29 and its 200 day moving average price is $203.79. The firm has a market cap of $274.69 billion, a P/E ratio of 276.26, a PEG ratio of 13.28 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 1 year low of $139.57 and a 1 year high of $368.17.

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 company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’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. On average, sell-side analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on PANW. Oppenheimer upped their price target on Palo Alto Networks from $275.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Benchmark lifted their price objective on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Scotiabank reiterated a “sector outperform” rating and set a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Evercore restated an “outperform” rating and issued a $375.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada lifted their price target on Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. One 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 issued a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $317.78.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the sale, the executive vice president directly owned 235,983 shares of the company’s stock, valued at $61,037,002.95. This trade represents a 21.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John P. Key sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This represents a 37.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 100,539 shares of company stock worth $26,931,565 in the last ninety days. Company 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.