Harvest Portfolios Group Inc. Boosts Holdings in Palo Alto Networks, Inc. $PANW

Harvest Portfolios Group Inc. boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (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 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC purchased a new position in Palo Alto Networks during the 2nd quarter worth approximately $25,000. Howard Hughes Medical Institute acquired a new stake in shares of Palo Alto Networks in the second quarter valued at approximately $29,000. MTM Investment Management LLC purchased a new position in shares of Palo Alto Networks during the second quarter worth approximately $31,000. Caitlin John LLC acquired a new position in shares of Palo Alto Networks in the 3rd quarter valued at $31,000. Finally, CBIZ Investment Advisory Services LLC raised its position in 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 purchasing an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $188.18, for a total transaction of $940,900.00. Following the sale, the executive vice president owned 155,119 shares of the company’s stock, valued at $29,190,293.42. The trade was a 3.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 120,768 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 298,887 shares in the company, valued at approximately $57,096,383.61. This represents a 28.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 260,542 shares of company stock worth $49,910,995 in the last ninety days. Corporate insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PANW shares. Evercore raised their price objective on shares of Palo Alto Networks from $220.00 to $250.00 and gave the stock an “outperform” rating in a research report on Thursday, November 13th. Wedbush reissued an “outperform” rating and set a $225.00 price target on shares of Palo Alto Networks in a report on Wednesday, February 18th. Scotiabank reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Robert W. Baird set a $220.00 price objective on Palo Alto Networks and gave the stock an “outperform” rating in a research report on Wednesday, February 18th. Finally, Northland Securities boosted their target price on Palo Alto Networks from $177.00 to $190.00 and gave the company a “market perform” rating in a report on Thursday, November 20th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and an average price target of $211.62.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $148.92 on Friday. The stock’s 50 day moving average price is $174.60 and its 200 day moving average price is $190.68. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $223.61. The company has a market cap of $121.52 billion, a PE ratio of 82.28, a price-to-earnings-growth ratio of 5.39 and a beta of 0.75.

Palo Alto Networks (NASDAQ:PANW) last released its earnings results on Tuesday, February 17th. The network technology company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.58 billion. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.Palo Alto Networks’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the company 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, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

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.