Elevated Capital Advisors LLC Decreases Stock Position in Palo Alto Networks, Inc. $PANW

Elevated Capital Advisors LLC decreased its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 91.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 290 shares of the network technology company’s stock after selling 3,051 shares during the quarter. Elevated Capital Advisors LLC’s holdings in Palo Alto Networks were worth $47,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of Palo Alto Networks by 4.1% in 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 acquiring an additional 2,659,100 shares during the period. State Street Corp lifted its position 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 worth $5,587,100,000 after buying an additional 594,789 shares in the last quarter. Bank of America Corp DE lifted 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 valued at $3,568,964,000 after purchasing an additional 2,065,776 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after buying an additional 540,756 shares during the last quarter. Finally, Norges Bank purchased a new position in Palo Alto Networks in the fourth quarter worth about $1,415,364,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PANW has been the subject of a number of analyst reports. Capital One Financial raised their price target on Palo Alto Networks from $168.00 to $248.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. DA Davidson upped their price objective on Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Wolfe Research restated an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Truist Financial boosted their price target on shares of Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a report 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 assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $318.65.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the transaction, the director owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. This trade represents a 3.33% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 101,239 shares of company stock worth $27,174,360. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW traded down $12.40 during mid-day trading on Friday, hitting $325.91. The stock had a trading volume of 4,677,069 shares, compared to its average volume of 7,047,614. The firm has a market cap of $265.62 billion, a PE ratio of 267.14, a PEG ratio of 12.10 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. The company has a 50 day moving average of $274.08 and a two-hundred day moving average of $206.64. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month 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 earnings per share 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 business had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the business earned $0.37 EPS. The company’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. Research analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

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.