Palo Alto Networks, Inc. $PANW Shares Sold by Northeast Investment Management

Northeast Investment Management decreased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 151,363 shares of the network technology company’s stock after selling 5,828 shares during the period. Northeast Investment Management’s holdings in Palo Alto Networks were worth $24,267,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Darwin Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the second quarter worth about $25,000. Steph & Co. lifted its stake in Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after buying an additional 67 shares in the last quarter. Knuff & Co LLC acquired a new stake in Palo Alto Networks in the 4th quarter worth about $26,000. Sittner & Nelson LLC increased its stake in Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC increased its stake in Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after buying an additional 102 shares in the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity

In related news, Director John P. Key sold 7,500 shares of the company’s stock in a transaction dated 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 sale, the director owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. This represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James J. Goetz sold 20,000 shares of the firm’s 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 sale, the director owned 20,000 shares of the company’s stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 106,389 shares of company stock worth $27,570,630. Insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

PANW has been the topic of several research reports. Piper Sandler restated an “overweight” rating and issued a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. BNP Paribas Exane boosted their price target on Palo Alto Networks from $220.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Truist Financial increased their price objective on Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Susquehanna restated a “positive” rating and issued a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $306.59.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $293.09 on Friday. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $302.95. The company has a market cap of $238.87 billion, a price-to-earnings ratio of 240.24, a PEG ratio of 10.59 and a beta of 0.94. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50 day moving average price is $238.42 and its 200 day moving average price is $195.35.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. During the same period in the prior year, the business earned $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. On average, research analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

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.