Palo Alto Networks (NASDAQ:PANW) Trading 1% Higher – What’s Next?

Palo Alto Networks, Inc. (NASDAQ:PANW) traded up 1% during mid-day trading on Wednesday . The stock traded as high as $266.72 and last traded at $263.22. 6,474,196 shares were traded during trading, a decline of 33% from the average session volume of 9,601,940 shares. The stock had previously closed at $260.52.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on PANW shares. Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday, June 3rd. UBS Group set a $300.00 price target on shares of Palo Alto Networks and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. New Street Research reduced their price target on shares of Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating for the company in a research report on Thursday, February 19th. Wolfe Research reiterated an “outperform” rating and set a $320.00 price target on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Argus lifted their price target on shares of Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $306.59.

Palo Alto Networks Trading Up 0.0%

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 business has a 50 day moving average of $214.06 and a 200-day moving average of $188.58. The stock has a market cap of $227.89 billion, a PE ratio of 229.20, a price-to-earnings-growth ratio of 9.77 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last posted its 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 for the quarter, compared to analyst estimates of $2.94 billion. During the same quarter in the prior year, the company earned $0.37 EPS. Palo Alto Networks’s 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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 536 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $280.00, for a total value of $150,080.00. Following the completion of the transaction, the director directly owned 7,704 shares in the company, valued at approximately $2,157,120. The trade was a 6.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John P. Key sold 7,500 shares of the business’s stock in a transaction on Friday, June 12th. The shares were 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 of the company’s stock, valued at $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 81,044 shares of company stock worth $20,424,722 in the last quarter. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Palo Alto Networks by 4.1% in the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. State Street Corp raised its holdings in Palo Alto Networks by 2.0% in the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after acquiring an additional 594,789 shares during the last quarter. Bank of America Corp DE raised its holdings in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Geode Capital Management LLC raised its holdings in Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after acquiring an additional 540,756 shares during the last quarter. Finally, Norges Bank acquired a new position in Palo Alto Networks in the 4th quarter valued at $1,415,364,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

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.