NewEdge Advisors LLC Cuts Stock Holdings in Palo Alto Networks, Inc. $PANW

NewEdge Advisors LLC lessened its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 5.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 496,994 shares of the network technology company’s stock after selling 28,786 shares during the quarter. NewEdge Advisors LLC owned about 0.06% of Palo Alto Networks worth $79,678,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Darwin Wealth Management LLC acquired a new position in Palo Alto Networks in the second quarter valued at $25,000. Steph & Co. increased its stake in Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares during the last quarter. Knuff & Co LLC purchased a new position in shares of Palo Alto Networks in the 4th quarter worth about $26,000. Sittner & Nelson LLC raised its holdings in shares of Palo Alto Networks by 73.8% in the 4th 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 period. Finally, Luken Investment Analytics LLC lifted its stake in shares of Palo Alto Networks by 196.2% in the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Wolfe Research reiterated an “outperform” rating and set a $320.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Mizuho raised their price target on shares of Palo Alto Networks from $265.00 to $305.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. Wedbush lifted their price target on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Barclays reiterated an “overweight” rating and set a $370.00 price objective (up from $315.00) on shares of Palo Alto Networks in a research note on Wednesday. Finally, Truist Financial increased their price objective on shares of Palo Alto Networks from $275.00 to $375.00 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, forty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $333.76.

Palo Alto Networks Stock Down 0.9%

Shares of NASDAQ:PANW opened at $359.49 on Friday. The company has a market capitalization of $292.98 billion, a price-to-earnings ratio of 294.66, a price-to-earnings-growth ratio of 12.19 and a beta of 0.91. The company has a 50 day moving average of $316.24 and a two-hundred day moving average of $227.25. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $376.98. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business’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 company posted $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, analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the company’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 directly owned 81,636 shares of the company’s stock, valued at $23,272,790.88. This represents a 1.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the transaction, the executive vice president directly owned 235,983 shares of the company’s stock, valued at $61,037,002.95. This represents a 21.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 over the last three months. Insiders own 1.40% of the company’s stock.

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.