Elevation Point Wealth Partners LLC Acquires 23,616 Shares of Palo Alto Networks, Inc. $PANW

Elevation Point Wealth Partners LLC boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 88.4% in the first quarter, Holdings Channel.com reports. The institutional investor owned 50,346 shares of the network technology company’s stock after acquiring an additional 23,616 shares during the period. Elevation Point Wealth Partners LLC’s holdings in Palo Alto Networks were worth $8,071,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Jamison Private Wealth Management Inc. boosted its holdings in shares of Palo Alto Networks by 5.7% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 36,341 shares of the network technology company’s stock valued at $5,826,000 after acquiring an additional 1,958 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. grew its stake in shares of Palo Alto Networks by 17.6% in the first quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. now owns 68,773 shares of the network technology company’s stock worth $11,026,000 after acquiring an additional 10,293 shares during the period. Patten Group Inc. raised its holdings in shares of Palo Alto Networks by 0.9% during the first quarter. Patten Group Inc. now owns 8,148 shares of the network technology company’s stock valued at $1,306,000 after purchasing an additional 69 shares during the last quarter. Strs Ohio raised its holdings in shares of Palo Alto Networks by 108.0% during the first quarter. Strs Ohio now owns 642,724 shares of the network technology company’s stock valued at $103,042,000 after purchasing an additional 333,748 shares during the last quarter. Finally, Keybank National Association OH lifted its position in Palo Alto Networks by 2.7% during the first quarter. Keybank National Association OH now owns 34,888 shares of the network technology company’s stock valued at $5,593,000 after purchasing an additional 921 shares during the period. Institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on PANW shares. Weiss Ratings cut shares of Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Northland Securities raised 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, June 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company increased their target price on Palo Alto Networks from $325.00 to $420.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $330.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $316.15.

Palo Alto Networks Stock Down 1.1%

PANW stock opened at $348.06 on Friday. The business’s 50-day moving average price is $255.09 and its 200-day moving average price is $200.36. The stock has a market cap of $283.67 billion, a P/E ratio of 285.30, a PEG ratio of 13.07 and a beta of 0.91. 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, Inc. has a twelve month low of $139.57 and a twelve month high of $358.10.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm posted $0.37 EPS. The firm’s quarterly revenue was up 31.1% compared to the same quarter last year. 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, equities research analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Key Headlines Impacting Palo Alto Networks

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

• Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and reiterated an overweight rating, reinforcing the case for further upside. Wells Fargo price target raise
• Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and maintained an outperform rating, adding to the bullish analyst sentiment around PANW. BNP Paribas Exane target raise
• Positive Sentiment: The stock remains a momentum name after gaining roughly 25% since its last earnings report, supported by strong demand for AI-related cybersecurity tools and recent trading interest. Zacks earnings momentum article
• Neutral Sentiment: Several insider sales were disclosed, including director Aparna Bawa and CAO Josh D. Paul. The transactions were relatively small, but insider selling can slightly temper investor enthusiasm. Insider sale disclosure

Insider Transactions at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the sale, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 102,111 shares of company stock valued at $27,204,024. Company 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.