Clearstead Trust LLC Takes $4.98 Million Position in Palo Alto Networks, Inc. $PANW

Clearstead Trust LLC acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 14,601 shares of the network technology company’s stock, valued at approximately $4,979,000. Palo Alto Networks accounts for about 0.7% of Clearstead Trust LLC’s holdings, making the stock its 25th largest holding.

A number of other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks during the 2nd quarter worth approximately $25,000. Knuff & Co LLC acquired a new stake in shares of Palo Alto Networks in the fourth quarter valued at approximately $26,000. Sittner & Nelson LLC lifted its position 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 in the last quarter. Luken Investment Analytics LLC lifted its position 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 in the last quarter. Finally, WHI TRUST Co LLC acquired a new position in Palo Alto Networks during the fourth quarter worth $28,000. 79.82% of the stock is currently owned by institutional investors.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $384.27 on Friday. The company has a fifty day moving average price of $328.02 and a two-hundred day moving average price of $235.34. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year 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 12.89 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick 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, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion for 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 in the previous year, the business earned $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. As a group, equities analysts predict that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Insider Activity

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was a 3.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John P. Key sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director directly owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Citizens Jmp raised their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research report on Wednesday. Wells Fargo & Company boosted their price target on shares of Palo Alto Networks from $325.00 to $420.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 1st. Wolfe Research restated an “outperform” rating and issued a $320.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their target price on Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, Northland Securities increased their price target on Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average price target of $339.61.

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.