Bank of New York Mellon Corp Has $747.49 Million Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Bank of New York Mellon increased its Palo Alto Networks stake by 2.0% in the fourth quarter, ending with 4,058,033 shares worth about $747.49 million.
• Palo Alto Networks beat earnings and revenue expectations for its latest quarter, reporting EPS of $0.85 on $3.0 billion in revenue, with sales up 31.1% year over year.
• The company also raised FY2026 and Q4 guidance above Wall Street estimates, while analysts remained broadly bullish with an average rating of “Moderate Buy” and an average target price of $304.22.

Bank of New York Mellon Corp raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,058,033 shares of the network technology company's stock after buying an additional 80,833 shares during the period. Bank of New York Mellon Corp owned 0.58% of Palo Alto Networks worth $747,490,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after acquiring an additional 4,031 shares during the last quarter. Bison Wealth LLC raised its stake in shares of Palo Alto Networks by 169.1% in the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock worth $948,000 after acquiring an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after buying an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. boosted its position in Palo Alto Networks by 11,100.0% in the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after buying an additional 555 shares during the last quarter. Finally, Main Street Financial Solutions LLC boosted its position in Palo Alto Networks by 6.0% in the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock valued at $900,000 after buying an additional 249 shares during the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Palo Alto Networks

In related news, EVP Lee Klarich sold 62,904 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the sale, the executive vice president directly owned 235,983 shares of the company's stock, valued at $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total transaction of $802,100.00. Following the sale, the executive vice president directly owned 150,250 shares of the company's stock, valued at approximately $24,103,105. This trade represents a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 94,760 shares of company stock valued at $21,660,063 over the last 90 days. Company insiders own 1.40% of the company's stock.

Palo Alto Networks Price Performance

PANW opened at $280.43 on Thursday. The company has a market cap of $228.83 billion, a price-to-earnings ratio of 229.86, a price-to-earnings-growth ratio of 10.71 and a beta of 0.94. The firm has a 50 day simple moving average of $200.21 and a 200 day simple moving average of $185.46. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.80 by $0.05. The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 16.34%. Palo Alto Networks's revenue for the quarter was up 31.1% compared to the same quarter last year. During the same period in the previous 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, analysts expect that Palo Alto Networks, Inc. will post 2.14 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on PANW shares. Evercore reiterated an "outperform" rating and issued a $375.00 price objective on shares of Palo Alto Networks in a research report on Wednesday. Jefferies Financial Group set a $335.00 price objective on Palo Alto Networks and gave the company a "buy" rating in a research report on Wednesday. Cantor Fitzgerald set a $340.00 price objective on Palo Alto Networks and gave the company an "overweight" rating in a research report on Wednesday. BMO Capital Markets increased their price objective on Palo Alto Networks from $270.00 to $335.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, Capital One Financial increased their price objective on Palo Alto Networks from $168.00 to $248.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 19th. One analyst has rated the stock with a Strong Buy rating, thirty-eight have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $304.22.

Key Palo Alto Networks News

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

• Positive Sentiment: Palo Alto Networks reported fiscal Q3 earnings and revenue above expectations, with EPS of $0.85 versus $0.79-$0.81 estimated and revenue of $3.0 billion versus $2.94 billion expected, while sales rose 31.1% year over year. Article Title
• Positive Sentiment: The company raised FY2026 and Q4 guidance well above Wall Street estimates, signaling stronger demand and improving profitability outlooks. Article Title
• Positive Sentiment: CEO Nikesh Arora said AI-related security concerns are driving a surge in customer engagement and meeting requests, reinforcing the long-term growth narrative for PANW. Article Title
• Positive Sentiment: Citigroup, Wedbush, BNP Paribas Exane, Stifel, Berenberg, Truist, Morgan Stanley, Deutsche Bank, RBC, Oppenheimer, and others raised price targets, with several also reiterating buy or outperform ratings, adding momentum to the stock. Article Title
• Neutral Sentiment: One insider filing showed CAO Josh D. Paul sold 1,100 shares, which is minor versus the company’s overall market value but may slightly weigh on sentiment. Article Title
• Negative Sentiment: Despite the earnings beat, some coverage noted the stock slipped intraday as investors focused on acquisition-driven growth and broader market pressure rather than the strong fundamentals. Article Title

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.

Want to see what other hedge funds are holding PANW? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.