Palo Alto Networks, Inc. $PANW Shares Acquired by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 871.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 465,845 shares of the network technology company’s stock after acquiring an additional 417,911 shares during the period. Assenagon Asset Management S.A.’s holdings in Palo Alto Networks were worth $74,684,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC increased its stake in shares of Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after purchasing an additional 4,031 shares in the last quarter. Bison Wealth LLC lifted its stake in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock valued at $948,000 after buying an additional 3,275 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock valued at $713,000 after buying an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. lifted its stake in Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock valued at $115,000 after buying an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC boosted its holdings in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock worth $900,000 after buying an additional 249 shares during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Trading Up 2.7%

Shares of Palo Alto Networks stock opened at $293.09 on Friday. 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 50 day simple moving average is $238.42 and its 200-day simple moving average is $195.35. The stock has a market cap of $238.87 billion, a P/E ratio of 240.24, a P/E/G ratio of 10.59 and a beta of 0.94. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $302.95.

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 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 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 business’s revenue for the quarter 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. Analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have commented on PANW. Barclays reiterated an “overweight” rating and set a $315.00 price objective (up from $220.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Truist Financial raised their target price on Palo Alto Networks from $275.00 to $375.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Arete Research raised Palo Alto Networks from a “sell” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Tuesday, March 3rd. Northland Securities boosted their price target on Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a research report on Wednesday, June 3rd. Finally, TD Cowen restated a “buy” rating and issued a $330.00 price objective (up from $255.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $306.59.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. The trade was a 1.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Aparna Bawa sold 345 shares of the company’s stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $290.17, for a total transaction of $100,108.65. Following the completion of the sale, the director directly owned 7,359 shares of the company’s stock, valued at $2,135,361.03. This represents a 4.48% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 106,389 shares of company stock worth $27,570,630 over the last quarter. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Company 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.