Palo Alto Networks, Inc. $PANW Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 11.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 276,761 shares of the network technology company’s stock after purchasing an additional 29,370 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Palo Alto Networks were worth $44,370,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC acquired a new stake in Palo Alto Networks in the 2nd quarter valued at about $25,000. Steph & Co. lifted its stake in Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after purchasing an additional 67 shares in the last quarter. Knuff & Co LLC acquired a new position in shares of Palo Alto Networks during the 4th quarter worth approximately $26,000. Sittner & Nelson LLC boosted its holdings in shares of Palo Alto Networks by 73.8% during 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 during the last quarter. Finally, Luken Investment Analytics LLC grew its position in shares of Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock valued at $28,000 after purchasing an additional 102 shares in the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, CAO Josh D. Paul sold 900 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the completion of the sale, the chief accounting officer directly owned 79,644 shares in the company, valued at $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Helle Thorning-Schmidt sold 700 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the completion of the sale, the director directly owned 5,898 shares in the company, valued at $2,045,721.30. This trade represents a 10.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock worth $27,174,360 in the last 90 days. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Trading Down 2.9%

Shares of Palo Alto Networks stock opened at $325.63 on Friday. The firm has a market capitalization of $265.39 billion, a price-to-earnings ratio of 266.91, a PEG ratio of 12.45 and a beta of 0.91. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $368.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a 50 day moving average of $299.17 and a 200 day moving average of $216.83.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results 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. 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 during the quarter, compared to analysts’ expectations of $2.94 billion. During the same quarter last year, the firm earned $0.37 earnings per share. The firm’s quarterly 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. As a group, research analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Analyst Ratings Changes

PANW has been the subject of several recent research reports. Susquehanna reaffirmed a “positive” rating and issued a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. UBS Group set a $300.00 price objective on Palo Alto Networks and gave the stock a “neutral” rating in a research note on Wednesday, June 3rd. Northland Securities upped their target price on Palo Alto Networks from $190.00 to $302.00 and gave the company a “market perform” rating in a report on Wednesday, June 3rd. Needham & Company LLC raised their target price on Palo Alto Networks from $350.00 to $425.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Finally, Scotiabank reiterated a “sector outperform” rating and set a $320.00 price target (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average target price of $331.48.

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.