Cornerstone Wealth Group LLC Purchases 2,378 Shares of Palo Alto Networks, Inc. $PANW

Cornerstone Wealth Group LLC boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,083 shares of the network technology company’s stock after acquiring an additional 2,378 shares during the period. Cornerstone Wealth Group LLC’s holdings in Palo Alto Networks were worth $5,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock valued at $1,230,000 after buying an additional 4,031 shares during the last quarter. Bison Wealth LLC boosted its holdings in Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC grew its stake in shares of Palo Alto Networks by 66.3% during the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after acquiring an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. grew its stake in shares of Palo Alto Networks by 11,100.0% during the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after acquiring an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC increased its holdings in shares of Palo Alto Networks by 6.0% during the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after acquiring an additional 249 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

PANW has been the subject of several research analyst reports. Berenberg Bank increased their price objective on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Wolfe Research restated an “outperform” rating and set a $320.00 price target on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. BMO Capital Markets raised their price target on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Royal Bank Of Canada lifted their price objective on shares of Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $306.59.

Insider Activity

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total transaction of $802,100.00. Following the sale, the executive vice president directly owned 150,250 shares of the company’s stock, valued at approximately $24,103,105. This trade represents a 3.22% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks 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. The trade was a 50.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 106,389 shares of company stock valued at $27,570,630 over the last quarter. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $304.20 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $306.24. The company’s 50 day moving average is $241.22 and its 200 day moving average is $196.11. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The company has a market cap of $247.92 billion, a PE ratio of 249.34, a price-to-earnings-growth ratio of 11.30 and a beta of 0.94.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analyst estimates 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 for the quarter was up 31.1% compared to the same quarter last year. During the same period last 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 forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Palo Alto Networks 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.