State of Michigan Retirement System Buys 32,000 Shares of Palo Alto Networks, Inc. $PANW

State of Michigan Retirement System grew its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 17.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 211,100 shares of the network technology company’s stock after acquiring an additional 32,000 shares during the period. State of Michigan Retirement System’s holdings in Palo Alto Networks were worth $33,844,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its holdings in shares of Palo Alto Networks by 4.2% in the first quarter. Principal Financial Group Inc. now owns 1,273,637 shares of the network technology company’s stock valued at $204,189,000 after purchasing an additional 50,792 shares during the period. Cdkv Holdings LLC increased its holdings in Palo Alto Networks by 3.2% during the 1st quarter. Cdkv Holdings LLC now owns 2,580 shares of the network technology company’s stock worth $414,000 after purchasing an additional 80 shares during the period. Y.D. More Investments Ltd increased its holdings in Palo Alto Networks by 623.3% during the 1st quarter. Y.D. More Investments Ltd now owns 563,353 shares of the network technology company’s stock worth $90,306,000 after purchasing an additional 485,464 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in Palo Alto Networks by 19.5% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 61,368 shares of the network technology company’s stock valued at $9,838,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Procyon Advisors LLC raised its position in Palo Alto Networks by 6.5% during the 1st quarter. Procyon Advisors LLC now owns 41,207 shares of the network technology company’s stock valued at $6,606,000 after purchasing an additional 2,523 shares in the last quarter. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on PANW shares. Rosenblatt Securities increased their price target on Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Berenberg Bank lifted their price objective on Palo Alto Networks from $290.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. BMO Capital Markets increased their target price on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Citigroup reissued a “buy” rating and set a $400.00 target price (up from $340.00) on shares of Palo Alto Networks in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $319.96.

Palo Alto Networks Trading Up 1.3%

PANW opened at $330.30 on Tuesday. 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 firm has a market cap of $269.19 billion, a price-to-earnings ratio of 270.74, a PEG ratio of 12.10 and a beta of 0.91. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $368.17. The stock has a fifty day moving average price of $277.09 and a 200-day moving average price of $207.76.

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 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 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 company earned $0.37 earnings per share. The firm’s revenue for the quarter 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. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the director owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 900 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the sale, the chief accounting officer directly owned 79,644 shares of the company’s stock, valued at $27,477,180. The trade was a 1.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is currently owned by corporate insiders.

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.