Cane Capital Partners LLC Sells 15,681 Shares of Palo Alto Networks, Inc. $PANW

Cane Capital Partners LLC decreased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 46.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 18,307 shares of the network technology company’s stock after selling 15,681 shares during the period. Palo Alto Networks makes up 1.3% of Cane Capital Partners LLC’s holdings, making the stock its 20th biggest holding. Cane Capital Partners LLC’s holdings in Palo Alto Networks were worth $2,935,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in PANW. Brighton Jones LLC raised its holdings in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after buying an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC lifted its holdings in Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after buying an additional 1,389 shares during the period. Osterweis Capital Management Inc. lifted its holdings in Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after buying an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC boosted its stake in Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after acquiring an additional 249 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on PANW shares. Barclays reissued an “overweight” rating and issued a $315.00 price target (up from $220.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price objective on Palo Alto Networks and gave the company an “overweight” rating in a report on Wednesday, June 3rd. UBS Group set a $300.00 target price on Palo Alto Networks and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Truist Financial raised their target price on Palo Alto Networks from $275.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Finally, Rosenblatt Securities boosted their target price on Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $316.15.

Palo Alto Networks Stock Performance

PANW stock opened at $352.04 on Thursday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $358.10. 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 firm has a market cap of $286.91 billion, a PE ratio of 288.56, a P/E/G ratio of 12.66 and a beta of 0.91. The business’s 50-day moving average price is $251.63 and its two-hundred day moving average price is $199.26.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The company’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 earnings per share. 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, research analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the sale, the director directly owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 102,111 shares of company stock worth $27,204,024 in the last three months. 1.40% of the stock is owned by corporate insiders.

Key Stories Impacting Palo Alto Networks

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and kept an overweight rating, signaling further upside potential. Wells Fargo target raise
• Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and reiterated an outperform rating, adding to the bullish analyst tone around PANW. BNP Paribas Exane target raise
• Positive Sentiment: BTIG Research also raised its target to $380 from $333 and maintained a buy rating, reinforcing expectations for continued share-price strength. BTIG target raise
• Positive Sentiment: Recent coverage highlighted PANW’s strong fiscal Q3 results, with revenue and ARR beats and growing demand tied to AI-driven cybersecurity and observability, which has helped keep sentiment constructive. Yahoo Finance article
• Neutral Sentiment: Several insiders sold small blocks of stock, including CAO Josh D. Paul and Director Aparna Bawa. While routine, insider selling can modestly temper enthusiasm for the stock. SEC filing

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.