23,837 Shares in Palo Alto Networks, Inc. $PANW Bought by Allworth Financial LP

Key Points

• Allworth Financial LP acquired 23,837 PANW shares worth approximately $8.1 million in the second quarter, while institutional investors collectively own 79.82% of Palo Alto Networks.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and average price target of $362.67, although Guggenheim downgraded the stock to “reduce.”
• Palo Alto Networks exceeded quarterly earnings and revenue expectations, reporting $0.85 in adjusted EPS and $3.0 billion in revenue, up 31.1% year over year; however, insiders sold $10.8 million of stock during the last quarter.

Allworth Financial LP acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,837 shares of the network technology company's stock, valued at approximately $8,129,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Greenspring Advisors LLC purchased a new position in Palo Alto Networks during the 2nd quarter valued at $545,000. B. Metzler seel. Sohn & Co. AG purchased a new stake in Palo Alto Networks in the second quarter worth $266,079,000. LaSalle St. Investment Advisors LLC bought a new stake in shares of Palo Alto Networks during the second quarter worth $700,000. Advisors Preferred LLC bought a new stake in shares of Palo Alto Networks during the second quarter worth $1,114,000. Finally, Oxford Financial Group LTD. LLC bought a new stake in shares of Palo Alto Networks during the second quarter worth $1,578,000. Hedge funds and other institutional investors own 79.82% of the company's stock.

Wall Street Analyst Weigh In

PANW has been the topic of a number of research analyst reports. DA Davidson upped their price target on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a "buy" rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $415.00 price objective on shares of Palo Alto Networks and gave the company a "buy" rating in a report on Wednesday. New Street Research set a $415.00 price objective on shares of Palo Alto Networks in a research report on Tuesday. Guggenheim downgraded shares of Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research note on Wednesday, May 27th. Finally, Benchmark raised their target price on shares of Palo Alto Networks from $270.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $362.67.

Insider Activity

In other news, Director Helle Thorning-Schmidt sold 700 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was sold at an average price of $346.85, for a total value of $242,795.00. Following the completion of the transaction, the director directly owned 5,898 shares of the company's stock, valued at approximately $2,045,721.30. The trade was a 10.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John P. Key sold 7,500 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director owned 12,500 shares of the company's stock, valued at $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 37,935 shares of company stock valued at $10,809,461. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $349.56 on Friday. The firm has a market cap of $284.89 billion, a P/E ratio of 286.52, a P/E/G ratio of 12.08 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $398.88. The stock's fifty day moving average price is $335.81 and its 200-day moving average price is $240.90.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released 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 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 the consensus estimate of $2.94 billion. During the same period in the previous year, the company posted $0.37 earnings per share. The firm's quarterly revenue 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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Key Stories Impacting Palo Alto Networks

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

• Positive Sentiment: AI security initiative expands growth opportunities. Palo Alto Networks launched the Frontier AI Critical Defense Program with technology partners to protect critical infrastructure from AI-driven exploits and vulnerabilities. The initiative could strengthen PANW’s position in the emerging AI-security market and support demand from government and enterprise customers. Palo Alto Networks Introduces Frontier AI Critical Defense Program
• Positive Sentiment: Analyst remains bullish. Cantor Fitzgerald raised its price target to $425 from $340 and maintained an “overweight” rating, citing potential for continued appreciation. The higher target signals confidence in PANW’s growth prospects despite recent volatility. Palo Alto Networks Price Target Raised by Cantor Fitzgerald
• Positive Sentiment: Enterprise AI adoption may drive sales. Palo Alto Networks is positioning its network, identity, AI and security-operations products to benefit as businesses deploy more artificial intelligence. This could help PANW compete more effectively with CrowdStrike and Zscaler. Can Strong Enterprise AI Adoption Help PANW Challenge CrowdStrike and Zscaler?
• Neutral Sentiment: Recent coverage from TD Cowen and other outlets remains constructive on PANW’s long-term appreciation potential, but provides limited new operating information. TD Cowen Forecasts Strong Price Appreciation for Palo Alto Networks
• Negative Sentiment: Cybersecurity-sector selling is weighing on PANW. Palo Alto Networks declined even as the broader market improved, while CrowdStrike also sold off sharply. The synchronized weakness suggests investors are reducing exposure to cybersecurity stocks or taking profits, overshadowing bullish analyst commentary. CrowdStrike and Palo Alto Networks Stock Declines

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.

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