Resona Asset Management Co. Ltd. Buys 40,694 Shares of Palo Alto Networks, Inc. $PANW

Resona Asset Management Co. Ltd. increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 18.9% in the 1st quarter, Holdings Channel reports. The firm owned 256,171 shares of the network technology company’s stock after buying an additional 40,694 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Palo Alto Networks were worth $40,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in Palo Alto Networks in the 2nd quarter worth approximately $25,000. Knuff & Co LLC bought a new position in shares of Palo Alto Networks during the 4th quarter valued at $26,000. 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 buying an additional 67 shares during the period. Sittner & Nelson LLC boosted its stake in shares of Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after buying an additional 62 shares during the last quarter. Finally, WHI TRUST Co LLC purchased a new position in shares of Palo Alto Networks in the 4th quarter worth $28,000. Institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on PANW shares. Morgan Stanley upped their price objective on Palo Alto Networks from $253.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Rosenblatt Securities raised their target price on Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Argus boosted their price target on Palo Alto Networks from $222.00 to $320.00 in a research note on Friday, June 5th. HSBC upped their price target on shares of Palo Alto Networks from $114.00 to $207.00 in a research report on Thursday, June 4th. Finally, Scotiabank reiterated a “sector outperform” rating and issued a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $318.65.

Insider Activity

In related news, CAO Josh D. Paul sold 1,100 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $285.08, for a total value of $313,588.00. Following the completion of the sale, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Lee Klarich sold 62,904 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the sale, the executive vice president owned 235,983 shares in the company, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is currently owned by corporate insiders.

More Palo Alto Networks News

Here are the key news stories impacting Palo Alto Networks this week:

• Positive Sentiment: Needham raised its price target on Palo Alto Networks from $350 to $425 and reiterated a buy rating, signaling confidence in further upside for the cybersecurity leader.
• Positive Sentiment: BTIG also lifted its price target on PANW from $333 to $380 while keeping a buy rating, adding to the bullish analyst momentum.
• Positive Sentiment: Recent commentary highlighted strong business momentum, including roughly 60% growth in next-gen security revenue and a sharp share-price rally over the past six months, which supports the bullish long-term thesis. Palo Alto (PANW) Up More than 96% Over The Past 6 Months, Is it The Best Performing Agentic AI Stock?
• Neutral Sentiment: Several articles focused on the stock’s strong run and its role in the agentic AI and cybersecurity themes, reinforcing investor interest but offering no new fundamental catalyst. Shares Soar on Palo Alto’s 60% Next Gen Security Growth
• Neutral Sentiment: One report noted PANW remains near its all-time high and that analysts still expect more gains, but it also flagged that the stock may be vulnerable if expectations become too stretched. Here’s the key risk facing the Palo Alto Networks stock today
• Negative Sentiment: Director Helle Thorning-Schmidt sold 700 shares at $346.85, reducing her position by 10.61%, which can be read as a small negative signal for sentiment.
• Negative Sentiment: Some commentary warned that PANW’s valuation re-rating may have gone too far and that extreme exuberance is a risk, which may be pressuring the stock despite strong fundamentals.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $320.59 on Thursday. The stock has a market cap of $261.28 billion, a P/E ratio of 262.78, a P/E/G ratio of 12.51 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 fifty day moving average is $268.04 and its 200 day moving average is $204.73. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.17.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly 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 business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks’s revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the previous 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. Sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current 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.