Bowen Hanes & Co. Inc. Sells 1,875 Shares of Palo Alto Networks, Inc. $PANW

Bowen Hanes & Co. Inc. lowered its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 0.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 505,656 shares of the network technology company’s stock after selling 1,875 shares during the period. Palo Alto Networks comprises 2.3% of Bowen Hanes & Co. Inc.’s holdings, making the stock its 11th largest position. Bowen Hanes & Co. Inc.’s holdings in Palo Alto Networks were worth $93,142,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the second quarter valued at approximately $25,000. Knuff & Co LLC purchased a new position in shares of Palo Alto Networks during the fourth quarter valued at approximately $26,000. Steph & Co. increased its stake in shares of Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after buying an additional 67 shares during the period. Winch Advisory Services LLC increased its stake in shares of Palo Alto Networks by 96.1% during the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock valued at $30,000 after buying an additional 73 shares during the period. Finally, WHI TRUST Co LLC purchased a new position in shares of Palo Alto Networks during the fourth quarter valued at approximately $28,000. Institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Trading Down 5.6%

NASDAQ PANW opened at $280.43 on Thursday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $302.95. The stock has a market cap of $228.83 billion, a P/E ratio of 229.86, a P/E/G ratio of 10.71 and a beta of 0.94. The stock’s fifty day moving average price is $200.21 and its 200-day moving average price is $185.46.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.05. Palo Alto Networks had a return on equity of 16.34% and a net margin of 7.95%.The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’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. As a group, analysts forecast that Palo Alto Networks, Inc. will post 2.14 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the 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 sale, the executive vice president directly owned 150,250 shares of the company’s stock, valued at approximately $24,103,105. This represents a 3.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 94,760 shares of company stock valued at $21,660,063. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PANW has been the topic of several research analyst reports. Piper Sandler reissued an “overweight” rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a research note on Wednesday. JPMorgan Chase & Co. boosted their target price on Palo Alto Networks from $200.00 to $300.00 and gave the company an “overweight” rating in a research note on Monday. FBN Securities reissued an “outperform” rating and set a $330.00 target price on shares of Palo Alto Networks in a research note on Wednesday. Arete Research raised Palo Alto Networks from a “sell” rating to a “buy” rating and set a $185.00 target price on the stock in a research note on Tuesday, March 3rd. Finally, Northland Securities upped their price target on Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $304.22.

Key Stories Impacting Palo Alto Networks

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

• Positive Sentiment: Palo Alto Networks reported fiscal Q3 earnings and revenue above expectations, with EPS of $0.85 versus $0.79-$0.81 estimated and revenue of $3.0 billion versus $2.94 billion expected, while sales rose 31.1% year over year. Article Title
• Positive Sentiment: The company raised FY2026 and Q4 guidance well above Wall Street estimates, signaling stronger demand and improving profitability outlooks. Article Title
• Positive Sentiment: CEO Nikesh Arora said AI-related security concerns are driving a surge in customer engagement and meeting requests, reinforcing the long-term growth narrative for PANW. Article Title
• Positive Sentiment: Citigroup, Wedbush, BNP Paribas Exane, Stifel, Berenberg, Truist, Morgan Stanley, Deutsche Bank, RBC, Oppenheimer, and others raised price targets, with several also reiterating buy or outperform ratings, adding momentum to the stock. Article Title
• Neutral Sentiment: One insider filing showed CAO Josh D. Paul sold 1,100 shares, which is minor versus the company’s overall market value but may slightly weigh on sentiment. Article Title
• Negative Sentiment: Despite the earnings beat, some coverage noted the stock slipped intraday as investors focused on acquisition-driven growth and broader market pressure rather than the strong fundamentals. Article Title

Palo Alto Networks 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.