3,450 Shares in Palo Alto Networks, Inc. $PANW Bought by Apella Capital LLC

Apella Capital LLC bought a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the first quarter, HoldingsChannel.com reports. The firm bought 3,450 shares of the network technology company’s stock, valued at approximately $579,000.

Several other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its stake in Palo Alto Networks by 871.8% in the 1st quarter. Assenagon Asset Management S.A. now owns 465,845 shares of the network technology company’s stock valued at $74,684,000 after acquiring an additional 417,911 shares during the last quarter. Focused Wealth Management Inc purchased a new position in Palo Alto Networks during the 1st quarter valued at about $566,000. Keudell Morrison Wealth Management raised its position in Palo Alto Networks by 5.6% during the first quarter. Keudell Morrison Wealth Management now owns 2,588 shares of the network technology company’s stock worth $415,000 after acquiring an additional 137 shares during the last quarter. Faithward Advisors LLC raised its position in Palo Alto Networks by 26.5% during the first quarter. Faithward Advisors LLC now owns 23,861 shares of the network technology company’s stock worth $3,570,000 after acquiring an additional 4,995 shares during the last quarter. Finally, Cache Advisors LLC lifted its holdings in shares of Palo Alto Networks by 24.9% in the first quarter. Cache Advisors LLC now owns 25,080 shares of the network technology company’s stock valued at $4,021,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $304.20 on Friday. The company has a market cap of $247.92 billion, a P/E ratio of 249.34, a P/E/G ratio of 11.30 and a beta of 0.94. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $306.24. The business has a fifty day simple moving average of $241.22 and a 200-day simple moving average of $196.11.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping 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 firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business posted $0.37 earnings per share. The firm’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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Sanford C. Bernstein increased their price target on shares of Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $325.00 target price (up from $285.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Robert W. Baird set a $320.00 target price on Palo Alto Networks in a report on Wednesday, June 3rd. Berenberg Bank increased their target price on Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Finally, Stifel Nicolaus set a $340.00 price target on Palo Alto Networks in a research report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of “Moderate Buy” and a consensus price target of $306.59.

Insider Activity at Palo Alto Networks

In other news, EVP Lee Klarich sold 62,904 shares of the 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 transaction, the executive vice president directly owned 235,983 shares in the company, valued at $61,037,002.95. This represents a 21.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total transaction of $802,100.00. Following the completion of the sale, the executive vice president directly owned 150,250 shares in the company, valued at $24,103,105. This represents a 3.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 106,389 shares of company stock worth $27,570,630. Corporate 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.