Palo Alto Networks, Inc. $PANW Position Boosted by Praxis Investment Management Inc.

Praxis Investment Management Inc. increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 10.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,776 shares of the network technology company’s stock after purchasing an additional 2,030 shares during the period. Praxis Investment Management Inc.’s holdings in Palo Alto Networks were worth $3,491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Norges Bank acquired a new position in shares of Palo Alto Networks in the 4th quarter worth approximately $1,415,364,000. Vanguard Group Inc. raised its position in shares of Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. Bank of America Corp DE raised its position in shares of Palo Alto Networks by 11.9% during the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock valued at $3,568,964,000 after acquiring an additional 2,065,776 shares in the last quarter. Employees Provident Fund Board bought a new position in Palo Alto Networks during the fourth quarter worth $281,542,000. Finally, Eurizon Capital SGR S.p.A. acquired a new position in Palo Alto Networks in the fourth quarter worth $164,968,000. 79.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on PANW. Wells Fargo & Company boosted their target price on shares of Palo Alto Networks from $325.00 to $420.00 and gave the company an “overweight” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Wedbush boosted their price objective on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Mizuho raised their target price on shares of Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Finally, Loop Capital lifted their target price on Palo Alto Networks from $160.00 to $290.00 and gave the company a “hold” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus price target of $316.15.

Palo Alto Networks Price Performance

Palo Alto Networks stock opened at $348.06 on Friday. The company has a 50-day simple moving average of $258.43 and a 200-day simple moving average of $201.39. The firm has a market capitalization of $283.67 billion, a P/E ratio of 285.30, a P/E/G ratio of 12.92 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. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $358.10.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the firm posted $0.37 EPS. Palo Alto Networks’s quarterly revenue was up 31.1% compared to the same quarter last year. 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 analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In related news, Director James J. Goetz sold 20,000 shares of the stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares of the company’s stock, valued at $5,598,000. This represents a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director directly owned 12,500 shares in the company, valued at $3,490,500. The trade was a 37.50% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 102,111 shares of company stock valued at $27,204,024. 1.40% of the stock is currently owned by insiders.

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.