Palo Alto Networks, Inc. $PANW Position Boosted by Granite Islands Private Wealth LLC

Granite Islands Private Wealth LLC lifted its holdings in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 43.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 15,342 shares of the network technology company’s stock after acquiring an additional 4,659 shares during the period. Palo Alto Networks accounts for about 2.3% of Granite Islands Private Wealth LLC’s investment portfolio, making the stock its 10th largest holding. Granite Islands Private Wealth LLC’s holdings in Palo Alto Networks were worth $2,453,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at $25,000. Knuff & Co LLC purchased a new stake in shares of Palo Alto Networks in the fourth quarter worth about $26,000. Steph & Co. boosted its holdings in Palo Alto Networks by 88.2% in the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares during the period. Sittner & Nelson LLC grew its holdings in 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 in the last quarter. Finally, Winch Advisory Services LLC increased its position in shares of Palo Alto Networks by 96.1% during the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock worth $30,000 after acquiring an additional 73 shares during the last quarter. 79.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PANW shares. BMO Capital Markets raised their price target on shares of Palo Alto Networks from $270.00 to $335.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Argus upped their target price on Palo Alto Networks from $222.00 to $320.00 in a report on Friday, June 5th. Northland Securities increased their price objective on shares of Palo Alto Networks from $190.00 to $302.00 and gave the stock a “market perform” rating in a report on Wednesday, June 3rd. Deutsche Bank Aktiengesellschaft raised their target price on Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Finally, BNP Paribas Exane raised their target price on shares of Palo Alto Networks from $220.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $306.59.

Palo Alto Networks Stock Up 3.8%

PANW stock opened at $304.20 on Friday. The company’s 50 day simple moving average is $241.22 and its 200-day simple moving average is $196.11. The firm has a market capitalization of $247.92 billion, a P/E ratio of 249.34, a P/E/G ratio of 10.88 and a beta of 0.94. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $306.24. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations 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 was up 31.1% compared to the same quarter last year. During the same quarter last year, the firm 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. As a group, equities research analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current year.

Insider Buying and Selling

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the sale, the executive vice president owned 145,250 shares of the company’s stock, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Aparna Bawa sold 345 shares of Palo Alto Networks stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $290.17, for a total value of $100,108.65. Following the sale, the director directly owned 7,359 shares of the company’s stock, valued at approximately $2,135,361.03. The trade was a 4.48% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 106,389 shares of company stock worth $27,570,630. 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.