Palo Alto Networks, Inc. $PANW Shares Acquired by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 21.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,489 shares of the network technology company’s stock after buying an additional 5,290 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $4,888,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in PANW. Darwin Wealth Management LLC acquired a new stake in shares of Palo Alto Networks in the 2nd quarter worth about $25,000. Knuff & Co LLC acquired a new position in Palo Alto Networks during the 4th quarter valued at about $26,000. Steph & Co. grew its position in Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares during the last quarter. Sittner & Nelson LLC grew its position in 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 last quarter. Finally, Winch Advisory Services LLC increased its stake in shares of Palo Alto Networks by 96.1% in the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock valued at $30,000 after purchasing an additional 73 shares during the period. 79.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on PANW. Royal Bank Of Canada boosted their price objective on Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Benchmark lifted their target price on Palo Alto Networks from $270.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Scotiabank reiterated a “sector outperform” rating and set a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Loop Capital boosted their price target on Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, June 3rd. Finally, Weiss Ratings cut Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and an average target price of $306.59.

Insider Buying and Selling at Palo Alto Networks

In related news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction dated 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 transaction, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Nikesh Arora purchased 68,085 shares of the company’s stock in a transaction on Friday, March 27th. The stock was acquired at an average price of $146.87 per share, for a total transaction of $9,999,643.95. Following the completion of the transaction, the chief executive officer owned 343,394 shares of the company’s stock, valued at $50,434,276.78. This represents a 24.73% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have sold 106,389 shares of company stock valued at $27,570,630. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of NASDAQ:PANW opened at $285.26 on Thursday. The stock has a market cap of $232.49 billion, a price-to-earnings ratio of 233.82, a PEG ratio of 10.80 and a beta of 0.94. 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, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95. The stock’s 50 day moving average price is $235.79 and its 200 day moving average price is $194.68.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results 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. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the company posted $0.37 EPS. The firm’s quarterly revenue was up 31.1% on a year-over-year basis. 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. Equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

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.