Bartlett & CO. Wealth Management LLC Grows Position in Palo Alto Networks, Inc. $PANW

Bartlett & CO. Wealth Management LLC lifted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 32.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 350,887 shares of the network technology company's stock after purchasing an additional 86,244 shares during the quarter. Bartlett & CO. Wealth Management LLC's holdings in Palo Alto Networks were worth $56,254,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the 2nd quarter valued at $25,000. Steph & Co. increased its stake in shares of 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 in the last quarter. Knuff & Co LLC purchased a new position in Palo Alto Networks during the 4th quarter valued at about $26,000. Sittner & Nelson LLC lifted its position 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 acquiring an additional 62 shares during the period. Finally, Luken Investment Analytics LLC boosted its stake in Palo Alto Networks by 196.2% during the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock worth $28,000 after acquiring an additional 102 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director James J. Goetz sold 20,000 shares of the business's stock in a transaction 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 owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% 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, EVP Lee Klarich sold 62,904 shares of the company's stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $258.65, for a total value of $16,270,119.60. Following the transaction, the executive vice president directly owned 235,983 shares in the company, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 in the last three months. Corporate insiders own 1.40% of the company's stock.

Palo Alto Networks Stock Up 1.3%

Shares of Palo Alto Networks stock opened at $358.68 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $292.32 billion, a PE ratio of 294.00, a price-to-earnings-growth ratio of 13.14 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.80. The company has a 50-day simple moving average of $290.04 and a two-hundred day simple moving average of $212.30.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion for 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 10.53%. The business's revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior 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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on PANW. Tigress Financial upped their price objective on shares of Palo Alto Networks from $245.00 to $430.00 and gave the stock a "buy" rating in a report on Wednesday. Jefferies Financial Group set a $335.00 target price on shares of Palo Alto Networks and gave the company a "buy" rating in a report on Wednesday, June 3rd. DA Davidson boosted their price target on Palo Alto Networks from $190.00 to $345.00 and gave the stock a "buy" rating in a research report on Wednesday, June 3rd. Mizuho upped their price target on Palo Alto Networks from $265.00 to $305.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Finally, Northland Securities raised their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the company a "market perform" rating in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $327.74.

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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