Insider Selling: Palo Alto Networks (NASDAQ:PANW) Director Sells $2,094,300.00 in Stock

Palo Alto Networks, Inc. (NASDAQ:PANW) Director John Key sold 7,500 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the sale, the director directly owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $279.62 on Monday. The company has a market capitalization of $227.89 billion, a price-to-earnings ratio of 229.20, a PEG ratio of 10.38 and a beta of 0.94. 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 simple moving average of $216.44 and a 200 day simple moving average of $189.26. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $302.95.

Palo Alto Networks (NASDAQ:PANW) last announced its 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 during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $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, sell-side analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PANW shares. Northland Securities lifted their target price on shares of Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. FBN Securities reaffirmed an “outperform” rating and set a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. 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 report on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Morgan Stanley lifted their target price on shares of Palo Alto Networks from $253.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $306.59.

Hedge Funds Weigh In On Palo Alto Networks

Hedge funds have recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC bought a new position in Palo Alto Networks during the 2nd quarter worth $25,000. Steph & Co. raised its position in shares of Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks in the 4th quarter valued at approximately $26,000. Sittner & Nelson LLC raised its position 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 valued at $27,000 after buying an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its position in shares of Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after buying an additional 102 shares in the last quarter. Institutional investors own 79.82% 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.