MML Investors Services LLC Acquires 20,896 Shares of Palo Alto Networks, Inc. $PANW

MML Investors Services LLC raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 9.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 252,895 shares of the network technology company’s stock after buying an additional 20,896 shares during the quarter. MML Investors Services LLC’s holdings in Palo Alto Networks were worth $46,583,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Harold Davidson & Associates Inc. raised its holdings in Palo Alto Networks by 5.0% in the third quarter. Harold Davidson & Associates Inc. now owns 1,056 shares of the network technology company’s stock worth $215,000 after purchasing an additional 50 shares in the last quarter. Princeton Capital Management LLC raised its holdings in Palo Alto Networks by 3.4% in the third quarter. Princeton Capital Management LLC now owns 1,520 shares of the network technology company’s stock worth $310,000 after purchasing an additional 50 shares in the last quarter. South Plains Financial Inc. raised its holdings in Palo Alto Networks by 1.0% in the third quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock worth $982,000 after purchasing an additional 50 shares in the last quarter. Fayez Sarofim & Co raised its holdings in Palo Alto Networks by 1.2% in the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after purchasing an additional 50 shares in the last quarter. Finally, Certified Advisory Corp raised its holdings in Palo Alto Networks by 0.3% in the third quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after purchasing an additional 51 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction 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 completion of the transaction, the director 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the transaction, the executive vice president owned 150,250 shares of the company’s stock, valued at $24,103,105. This represents a 3.22% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 81,044 shares of company stock valued at $20,424,722 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Up 1.8%

Shares of NASDAQ:PANW opened at $284.54 on Tuesday. The stock has a fifty day simple moving average of $218.86 and a two-hundred day simple moving average of $189.95. The stock has a market capitalization of $231.90 billion, a price-to-earnings ratio of 233.23, a PEG ratio of 10.38 and a beta of 0.94. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $302.95. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04.

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. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business 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. On average, research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PANW shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $330.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Stephens increased their price objective on Palo Alto Networks from $180.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 3rd. HSBC increased their price objective on Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. New Street Research decreased their price objective on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a report on Thursday, February 19th. Finally, Argus increased their price objective on Palo Alto Networks from $222.00 to $320.00 in a report on Friday, June 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $306.59.

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.