Palo Alto Networks (NASDAQ:PANW) Price Target Raised to $425.00

Palo Alto Networks (NASDAQ:PANW) had its price objective hoisted by investment analysts at Needham & Company LLC from $350.00 to $425.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the network technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 18.87% from the company’s previous close.

A number of other brokerages also recently weighed in on PANW. Wedbush lifted their target price on Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a 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 report on Wednesday, June 3rd. DA Davidson raised their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. TD Cowen reiterated a “buy” rating and issued a $330.00 price objective (up from $255.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Finally, Argus boosted their target price on shares of Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $317.78.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $357.53 on Tuesday. The business has a 50-day moving average price of $258.43 and a two-hundred day moving average price of $201.50. Palo Alto Networks has a 1-year low of $139.57 and a 1-year high of $368.17. 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 $291.39 billion, a P/E ratio of 293.06, a PEG ratio of 12.92 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.37 EPS. The firm’s 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. As a group, analysts anticipate that Palo Alto Networks will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the sale, the director owned 12,500 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the transaction, the executive vice president owned 235,983 shares in the company, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,111 shares of company stock worth $27,204,024 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Palo Alto Networks

Several hedge funds and other institutional investors have recently made changes to their positions in PANW. Norges Bank bought a new position in Palo Alto Networks in the 4th quarter valued at about $1,415,364,000. Bank of America Corp DE increased its holdings in Palo Alto Networks by 16.0% during the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after purchasing an additional 3,101,267 shares in the last quarter. Vanguard Group Inc. increased its holdings in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Palo Alto Networks by 1,665.1% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock worth $442,788,000 after purchasing an additional 2,605,433 shares during the last quarter. Finally, Amundi raised its stake in shares of Palo Alto Networks by 67.1% in the first quarter. Amundi now owns 6,297,833 shares of the network technology company’s stock worth $1,009,669,000 after purchasing an additional 2,528,299 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

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.