Novare Capital Management LLC Increases Stock Holdings in Palo Alto Networks, Inc. $PANW

Novare Capital Management LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 22.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,035 shares of the network technology company’s stock after purchasing an additional 2,190 shares during the period. Novare Capital Management LLC’s holdings in Palo Alto Networks were worth $1,929,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of PANW. South Plains Financial Inc. raised its position in Palo Alto Networks by 1.0% during the 3rd quarter. South Plains Financial Inc. now owns 4,823 shares of the network technology company’s stock worth $982,000 after buying an additional 50 shares during the last quarter. Fayez Sarofim & Co increased its stake in shares of Palo Alto Networks by 1.2% during the third quarter. Fayez Sarofim & Co now owns 4,310 shares of the network technology company’s stock worth $878,000 after acquiring an additional 50 shares during the period. Certified Advisory Corp raised its holdings in Palo Alto Networks by 0.3% during the third quarter. Certified Advisory Corp now owns 16,938 shares of the network technology company’s stock worth $3,449,000 after purchasing an additional 51 shares in the last quarter. Cooper Financial Group lifted its position in Palo Alto Networks by 1.3% in the fourth quarter. Cooper Financial Group now owns 4,227 shares of the network technology company’s stock valued at $779,000 after purchasing an additional 53 shares during the period. Finally, Outfitters Financial LLC lifted its position in Palo Alto Networks by 1.7% in the fourth quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after purchasing an additional 55 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the transaction, the director owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Aparna Bawa sold 345 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $290.17, for a total transaction of $100,108.65. Following the completion of the sale, the director directly owned 7,359 shares in the company, valued at $2,135,361.03. This trade represents a 4.48% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 101,389 shares of company stock worth $26,122,830. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Stock Performance

PANW opened at $286.40 on Tuesday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $302.95. The stock has a market cap of $233.42 billion, a P/E ratio of 234.75, a P/E/G ratio of 10.69 and a beta of 0.94. The stock’s 50 day simple moving average is $230.63 and its 200 day simple moving average is $193.37. 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 issued its quarterly earnings data 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. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks’s revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.37 earnings per share. 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 anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Wells Fargo & Company reiterated an “overweight” rating and set a $325.00 target price (up from $285.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. DA Davidson lifted their price target on Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. The Goldman Sachs Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 target price on Palo Alto Networks and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered shares of Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus price target of $306.59.

About Palo Alto Networks

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.