Sumitomo Life Insurance Co. Purchases 2,664 Shares of Palo Alto Networks, Inc. $PANW

Sumitomo Life Insurance Co. raised its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,658 shares of the network technology company’s stock after purchasing an additional 2,664 shares during the period. Sumitomo Life Insurance Co.’s holdings in Palo Alto Networks were worth $13,568,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aviva PLC grew its holdings in Palo Alto Networks by 5.4% during the fourth quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after purchasing an additional 29,230 shares during the period. Westfield Capital Management Co. LP purchased a new stake in shares of Palo Alto Networks during the third quarter worth $75,412,000. Peapack Gladstone Financial Corp lifted its position in shares of Palo Alto Networks by 8.8% during the fourth quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock worth $8,926,000 after acquiring an additional 3,926 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Palo Alto Networks by 134.1% during the third quarter. American Century Companies Inc. now owns 672,129 shares of the network technology company’s stock worth $136,859,000 after acquiring an additional 384,985 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Palo Alto Networks by 0.6% during the third quarter. US Bancorp DE now owns 1,364,442 shares of the network technology company’s stock worth $277,828,000 after acquiring an additional 8,344 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the sale, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. This trade represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John P. Key sold 7,500 shares of the firm’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 sale, the director owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 81,044 shares of company stock valued at $20,424,722. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Trading Up 0.0%

Shares of PANW stock opened at $279.62 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $302.95. The company has a market capitalization of $227.89 billion, a PE ratio of 229.20, a price-to-earnings-growth ratio of 10.38 and a beta of 0.94. The business’s fifty day moving average is $216.44 and its 200 day moving average is $189.22.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $0.37 earnings per share. The firm’s 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 anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on PANW. Argus increased their target price on Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Daiwa Securities Group dropped their target price on Palo Alto Networks from $212.00 to $175.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research report on Wednesday, May 27th. Benchmark increased their target price on Palo Alto Networks from $270.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Barclays restated an “overweight” rating and set a $315.00 target price (up from $220.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $306.59.

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.