Everest Financial Group LLC Purchases 10,235 Shares of Palo Alto Networks, Inc. $PANW

Everest Financial Group LLC grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 18.5% during the first quarter, HoldingsChannel reports. The institutional investor owned 65,462 shares of the network technology company’s stock after purchasing an additional 10,235 shares during the period. Palo Alto Networks comprises 1.7% of Everest Financial Group LLC’s investment portfolio, making the stock its 14th largest position. Everest Financial Group LLC’s holdings in Palo Alto Networks were worth $10,495,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at approximately $25,000. Steph & Co. increased its holdings 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 worth $26,000 after purchasing an additional 67 shares in the last quarter. Knuff & Co LLC bought a new stake in shares of Palo Alto Networks in the 4th quarter worth $26,000. Sittner & Nelson LLC raised its stake in shares of Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares during the last quarter. Finally, Luken Investment Analytics LLC raised its stake in shares of Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Analyst Ratings Changes

PANW has been the topic of a number of research analyst reports. Truist Financial upped their price target on Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Piper Sandler reiterated an “overweight” rating and issued a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. UBS Group set a $300.00 target price on Palo Alto Networks and gave the stock a “neutral” rating in a research report on Wednesday, June 3rd. Wedbush upped their target price on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Finally, William Blair reaffirmed an “outperform” rating on shares of Palo Alto Networks in a report on Tuesday, June 16th. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $331.48.

Insiders Place Their Bets

In other news, Director Aparna Bawa sold 290 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the transaction, the director owned 6,437 shares of the company’s stock, valued at $2,244,839.38. This trade represents a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total value of $310,500.00. Following the transaction, the chief accounting officer directly owned 79,644 shares in the company, valued at approximately $27,477,180. The trade was a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Trading Down 0.6%

Shares of Palo Alto Networks stock opened at $323.79 on Friday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $368.80. The company’s fifty day simple moving average is $300.79 and its 200-day simple moving average is $217.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market capitalization of $263.89 billion, a PE ratio of 265.40, a P/E/G ratio of 12.02 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the business posted $0.37 EPS. Palo Alto Networks’s revenue was up 31.1% on a year-over-year basis. 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, equities analysts anticipate 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.