Panagora Asset Management Inc. Decreases Position in Palo Alto Networks, Inc. $PANW

Panagora Asset Management Inc. lessened its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 32.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 358,627 shares of the network technology company’s stock after selling 172,488 shares during the quarter. Panagora Asset Management Inc.’s holdings in Palo Alto Networks were worth $66,059,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in PANW. Darwin Wealth Management LLC purchased a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $25,000. Steph & Co. lifted its holdings in shares of Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after purchasing an additional 67 shares during the last quarter. Knuff & Co LLC purchased a new stake in shares of Palo Alto Networks during the 4th quarter valued at $26,000. Sittner & Nelson LLC lifted 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 valued at $27,000 after purchasing an additional 62 shares during the last quarter. Finally, Luken Investment Analytics LLC lifted its holdings in shares of Palo Alto Networks by 196.2% during the 4th 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 during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

PANW has been the subject of several analyst reports. Weiss Ratings lowered Palo Alto Networks from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Guggenheim downgraded Palo Alto Networks from a “neutral” rating to a “reduce” rating in a research report on Wednesday, May 27th. UBS Group set a $300.00 target price on Palo Alto Networks and gave the company a “neutral” rating in a research report on Wednesday, June 3rd. Loop Capital upped their target price on Palo Alto Networks from $160.00 to $290.00 and gave the company a “hold” rating in a research report on Wednesday, June 3rd. Finally, Needham & Company LLC upped their target price on Palo Alto Networks from $200.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus price target of $306.59.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $279.62 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The stock’s fifty day moving average price is $216.44 and its 200 day moving average price is $189.26. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $302.95. The company has a market cap of $227.89 billion, a price-to-earnings ratio of 229.20, a PEG ratio of 10.38 and a beta of 0.94.

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. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The firm’s revenue was up 31.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.37 EPS. 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 research analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 536 shares of the stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $280.00, for a total transaction of $150,080.00. Following the sale, the director directly owned 7,704 shares of the company’s stock, valued at approximately $2,157,120. This trade represents a 6.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 81,044 shares of company stock worth $20,424,722 in the last three months. Company insiders own 1.40% of the company’s stock.

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.