K.J. Harrison & Partners Inc Acquires Shares of 10,048 Palo Alto Networks, Inc. $PANW

K.J. Harrison & Partners Inc bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,048 shares of the network technology company’s stock, valued at approximately $3,427,000.

A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. bought a new position in Palo Alto Networks in the second quarter worth approximately $25,833,462,000. Vanguard Group Inc. raised its position in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after purchasing an additional 2,659,100 shares in the last quarter. State Street Corp raised its position in Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after purchasing an additional 594,789 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after buying an additional 540,756 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value of $1,447,800.00. Following the completion of the transaction, the executive vice president directly owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John P. Key sold 7,500 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at approximately $3,490,500. This represents a 37.50% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is currently owned by company insiders.

Palo Alto Networks Price Performance

Shares of PANW stock opened at $375.76 on Tuesday. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $398.88. The firm has a market capitalization of $306.24 billion, a price-to-earnings ratio of 308.00, a PEG ratio of 12.89 and a beta of 0.91. 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’s 50-day simple moving average is $330.20 and its 200-day simple moving average is $237.05.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $0.37 EPS. The firm’s revenue was up 31.1% on a year-over-year basis. 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 forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. FBN Securities restated an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Northland Securities upped their price objective on shares of Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a research note on Wednesday, June 3rd. Capital One Financial set a $421.00 target price on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Thursday, July 16th. Stifel Nicolaus set a $340.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Sanford C. Bernstein boosted their price target on shares of Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $342.61.

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.