Bartlett & CO. Wealth Management LLC Purchases 86,244 Shares of Palo Alto Networks, Inc. $PANW

Bartlett & CO. Wealth Management LLC raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 32.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 350,887 shares of the network technology company’s stock after acquiring an additional 86,244 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Palo Alto Networks were worth $56,254,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new position in Palo Alto Networks in the 2nd quarter worth $25,000. Knuff & Co LLC bought a new stake in Palo Alto Networks during the 4th quarter valued at approximately $26,000. Steph & Co. raised its stake in Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 67 shares during the period. Sittner & Nelson LLC lifted its holdings in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, WHI TRUST Co LLC purchased a new position in Palo Alto Networks in the 4th quarter worth approximately $28,000. 79.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PANW shares. Robert W. Baird set a $320.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. HSBC boosted their target price on shares of Palo Alto Networks from $114.00 to $207.00 in a report on Thursday, June 4th. BNP Paribas Exane upped their target price on shares of Palo Alto Networks from $330.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. FBN Securities reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Finally, DA Davidson lifted their price target on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $327.74.

Insider Buying and Selling at Palo Alto Networks

In other news, Director James J. Goetz sold 20,000 shares of the company’s stock in a transaction dated 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 sale, the director directly owned 20,000 shares in the company, valued at approximately $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Lee Klarich sold 62,904 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the transaction, the executive vice president directly owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,239 shares of company stock valued at $27,174,360 over the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Up 1.3%

Shares of PANW opened at $358.68 on Friday. The stock has a market capitalization of $292.32 billion, a price-to-earnings ratio of 294.00, a price-to-earnings-growth ratio of 13.14 and a beta of 0.91. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $368.80. The business’s 50 day simple moving average is $290.04 and its 200-day simple moving average is $212.30. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results 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 net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. During the same period last year, the firm posted $0.37 earnings per share. Palo Alto Networks’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 analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

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.