Oppenheimer Asset Management Inc. Takes Position in Palo Alto Networks, Inc. $PANW

Oppenheimer Asset Management Inc. acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 73,301 shares of the network technology company’s stock, valued at approximately $24,997,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC raised its holdings in Palo Alto Networks by 15.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock worth $65,796,000 after buying an additional 53,485 shares during the period. Aviva PLC lifted its stake in Palo Alto Networks by 5.4% during the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after buying an additional 29,230 shares in the last quarter. B&D White Capital Company LLC acquired a new position in shares of Palo Alto Networks in the first quarter worth about $353,000. Granite Islands Private Wealth LLC boosted its holdings in shares of Palo Alto Networks by 43.6% in the first quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after buying an additional 4,659 shares during the period. Finally, Peapack Gladstone Financial Corp increased its position in shares of Palo Alto Networks by 8.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock worth $8,926,000 after acquiring an additional 3,926 shares in 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 recent analyst reports. Piper Sandler restated an “overweight” rating and set a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. BMO Capital Markets lifted their price objective on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Argus set a $425.00 target price on shares of Palo Alto Networks in a research note on Tuesday, July 21st. Finally, Citizens Jmp increased their target price on Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $339.61.

Palo Alto Networks Stock Performance

PANW stock opened at $384.27 on Friday. The firm has a 50 day simple moving average of $328.02 and a 200 day simple moving average of $235.34. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88. The stock has a market cap of $313.18 billion, a P/E ratio of 314.98, a P/E/G ratio of 13.29 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the business earned $0.37 EPS. The company’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. Research analysts anticipate that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction on 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 completion of the sale, the director owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the transaction, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. This trade represents a 1.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 over the last 90 days. 1.40% of the stock is currently owned by insiders.

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.