Harvest Portfolios Group Inc. Grows Stock Position in Palo Alto Networks, Inc. $PANW

Harvest Portfolios Group Inc. boosted its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 138,791 shares of the network technology company’s stock after acquiring an additional 12,904 shares during the period. Harvest Portfolios Group Inc.’s holdings in Palo Alto Networks were worth $28,261,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter worth $25,000. Howard Hughes Medical Institute acquired a new position in Palo Alto Networks in the second quarter valued at about $29,000. MTM Investment Management LLC purchased a new position in Palo Alto Networks during the second quarter worth about $31,000. Caitlin John LLC acquired a new stake in shares of Palo Alto Networks during the third quarter valued at about $31,000. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Palo Alto Networks by 39.7% in the 3rd quarter. CBIZ Investment Advisory Services LLC now owns 176 shares of the network technology company’s stock valued at $36,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 79.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on PANW shares. Barclays set a $200.00 target price on shares of Palo Alto Networks and gave the company an “overweight” rating in a report on Monday, February 9th. Citigroup reaffirmed a “buy” rating and issued a $210.00 price objective (down from $235.00) on shares of Palo Alto Networks in a research note on Thursday, February 19th. Robert W. Baird set a $220.00 price objective on Palo Alto Networks and gave the company an “outperform” rating in a report on Wednesday, February 18th. TD Cowen restated a “buy” rating on shares of Palo Alto Networks in a report on Wednesday, February 18th. Finally, HSBC dropped their target price on Palo Alto Networks from $157.00 to $114.00 in a research report on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.62.

Insider Activity

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total value of $940,900.00. Following the sale, the executive vice president directly owned 155,119 shares in the company, valued at $29,190,293.42. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Lee Klarich sold 120,768 shares of the company’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $191.03, for a total value of $23,070,311.04. Following the transaction, the executive vice president directly owned 298,887 shares of the company’s stock, valued at approximately $57,096,383.61. This represents a 28.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 260,542 shares of company stock valued at $49,910,995 over the last quarter. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $148.92 on Friday. The business’s 50-day moving average is $174.60 and its two-hundred day moving average is $190.68. The firm has a market capitalization of $121.52 billion, a P/E ratio of 82.28, a P/E/G ratio of 5.39 and a beta of 0.75. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, February 17th. The network technology company reported $1.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.58 billion. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.81 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.650-3.700 EPS and its Q3 2026 guidance at 0.780-0.800 EPS. On average, analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current 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.