Palo Alto Networks, Inc. $PANW is Herbst Group LLC’s 10th Largest Position

Herbst Group LLC cut its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,614 shares of the network technology company’s stock after selling 1,400 shares during the quarter. Palo Alto Networks comprises 2.7% of Herbst Group LLC’s investment portfolio, making the stock its 10th biggest holding. Herbst Group LLC’s holdings in Palo Alto Networks were worth $4,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Trilogy Capital Inc. lifted its position in Palo Alto Networks by 1.8% during the second quarter. Trilogy Capital Inc. now owns 2,127 shares of the network technology company’s stock valued at $725,000 after buying an additional 37 shares during the period. Wisconsin Wealth Advisors LLC increased its stake in shares of Palo Alto Networks by 1.2% in the 2nd quarter. Wisconsin Wealth Advisors LLC now owns 3,206 shares of the network technology company’s stock worth $1,093,000 after acquiring an additional 38 shares in the last quarter. GSG Advisors LLC increased its stake in shares of Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock worth $2,010,000 after acquiring an additional 51 shares in the last quarter. Outfitters Financial LLC lifted its position in Palo Alto Networks by 1.7% during the 4th quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after acquiring an additional 55 shares during the period. Finally, Arlington Trust Co LLC lifted its position in Palo Alto Networks by 8.5% during the 2nd quarter. Arlington Trust Co LLC now owns 703 shares of the network technology company’s stock valued at $240,000 after acquiring an additional 55 shares during the period. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Stock Performance

Shares of NASDAQ PANW opened at $363.86 on Monday. The firm’s 50 day moving average price is $317.88 and its 200-day moving average price is $228.49. The company has a market cap of $296.55 billion, a PE ratio of 298.25, a P/E/G ratio of 12.21 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $376.98. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Analyst Ratings Changes

PANW has been the topic of a number of recent research reports. Piper Sandler restated an “overweight” rating and issued a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Northland Securities upped their price target on 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. Barclays reaffirmed an “overweight” rating and set a $370.00 price objective (up from $315.00) on shares of Palo Alto Networks in a research report on Wednesday. Finally, Loop Capital lifted their price objective on Palo Alto Networks from $160.00 to $290.00 and gave the company a “hold” rating in a research note on Wednesday, June 3rd. One equities research 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 assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $333.76.

Insider Buying and Selling 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 on Wednesday, July 1st. The stock was sold at an average price of $345.00, for a total value of $310,500.00. Following the completion of the sale, the chief accounting officer owned 79,644 shares of the company’s stock, valued at approximately $27,477,180. This trade represents a 1.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aparna Bawa sold 290 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total value of $101,134.60. Following the completion of the transaction, the director owned 6,437 shares of the company’s stock, valued at $2,244,839.38. This represents a 4.31% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 101,239 shares of company stock worth $27,174,360. Insiders own 1.40% of the company’s stock.

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.