WNY Asset Management LLC Invests $273,000 in Palo Alto Networks, Inc. $PANW

WNY Asset Management LLC acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the first quarter, according to its most recent disclosure with the SEC. The fund acquired 1,704 shares of the network technology company’s stock, valued at approximately $273,000.

Other hedge funds also recently made changes to their positions in the company. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks in the second quarter worth approximately $25,000. Knuff & Co LLC purchased a new stake in shares of Palo Alto Networks in the fourth quarter worth $26,000. Steph & Co. raised its position 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 period. Sittner & Nelson LLC raised its position 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 period. Finally, WHI TRUST Co LLC bought a new stake in Palo Alto Networks during the 4th quarter valued at approximately $28,000. 79.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on PANW. Oppenheimer boosted their price target on Palo Alto Networks from $275.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating and set a $315.00 price objective (up from $220.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Rosenblatt Securities boosted their target price on shares of Palo Alto Networks from $275.00 to $355.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Robert W. Baird set a $320.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Finally, Wedbush raised their target price on shares of Palo Alto Networks from $300.00 to $340.00 and gave the company an “outperform” rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $331.48.

Insider Buying and Selling

In related news, CAO Josh D. Paul sold 900 shares of the company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $345.00, for a total transaction of $310,500.00. Following the sale, the chief accounting officer owned 79,644 shares of the company’s stock, valued at $27,477,180. This represents a 1.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Helle Thorning-Schmidt sold 700 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were sold at an average price of $346.85, for a total transaction of $242,795.00. Following the sale, the director directly owned 5,898 shares in the company, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 101,239 shares of company stock valued at $27,174,360 in the last three months. Corporate insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $331.83 on Friday. The stock has a market capitalization of $270.44 billion, a PE ratio of 271.99, a P/E/G ratio of 12.32 and a beta of 0.91. The business has a 50 day simple moving average of $308.00 and a two-hundred day simple moving average of $222.24. 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, Inc. has a 1-year low of $139.57 and a 1-year high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business 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 company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. On average, research analysts predict that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

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.