Burkett Asset Management Ltd Takes $340,000 Position in Palo Alto Networks, Inc. $PANW

Burkett Asset Management Ltd acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,845 shares of the network technology company’s stock, valued at approximately $340,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PANW. Norges Bank acquired a new position in shares of Palo Alto Networks in the fourth quarter worth approximately $1,415,364,000. Vanguard Group Inc. lifted 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. Victory Capital Management Inc. lifted its stake in shares of Palo Alto Networks by 108.3% in the third quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company’s stock worth $502,263,000 after acquiring an additional 1,282,738 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Palo Alto Networks in the fourth quarter worth approximately $164,968,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Palo Alto Networks in the third quarter worth approximately $162,161,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on PANW shares. Mizuho lifted their price objective on Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Scotiabank reaffirmed a “sector outperform” rating and issued a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Berenberg Bank lifted their price objective on Palo Alto Networks from $290.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Morgan Stanley lifted their price objective on Palo Alto Networks from $253.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, BMO Capital Markets lifted their price objective on Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $306.59.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the sale, the executive vice president directly owned 150,250 shares in the company, valued at approximately $24,103,105. The trade was a 3.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John P. Key sold 1,572 shares of the business’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $173.32, for a total value of $272,459.04. Following the sale, the director owned 20,000 shares of the company’s stock, valued at approximately $3,466,400. This represents a 7.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 72,076 shares of company stock valued at $17,930,587 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Key Stories Impacting Palo Alto Networks

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

• Positive Sentiment: Scotiabank nudged its FY2027 EPS estimate higher for PANW, signaling modest confidence in longer-term earnings growth.
• Positive Sentiment: Recent commentary on Prisma AIRS suggests AI security is gaining traction and could boost revenue growth and deal size.
• Positive Sentiment: Broader cybersecurity-sector coverage remains constructive, with analysts and institutions still favoring the group amid rising AI-related security demand.
• Neutral Sentiment: Northland Securities kept a $302 price target and Market Perform rating while issuing a range of earnings estimates, indicating a cautious but not bearish stance.
• Negative Sentiment: Northland also trimmed some near- and mid-term EPS forecasts for PANW, reflecting lingering concern about profitability assumptions and valuation.
• Negative Sentiment: PANW still trades at a demanding valuation, so any slowdown in AI-security momentum could increase volatility.

Palo Alto Networks Trading Up 6.2%

Shares of PANW stock opened at $279.53 on Friday. The company has a market cap of $227.82 billion, a P/E ratio of 229.12, a PEG ratio of 9.77 and a beta of 0.94. The stock has a 50 day simple moving average of $214.06 and a two-hundred day simple moving average of $188.58. 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 fifty-two week low of $139.57 and a fifty-two week high of $302.95.

Palo Alto Networks (NASDAQ:PANW) last issued its 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. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share. 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 forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current 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.