BOK Financial Private Wealth Inc. Purchases New Position in Palo Alto Networks, Inc. $PANW

BOK Financial Private Wealth Inc. purchased a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 15,734 shares of the network technology company's stock, valued at approximately $5,366,000. Palo Alto Networks makes up about 0.3% of BOK Financial Private Wealth Inc.'s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors and hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its position in shares of Palo Alto Networks by 147.7% in the 4th 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 period. Bison Wealth LLC increased its position in shares of Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company's stock valued at $948,000 after purchasing an additional 3,275 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Palo Alto Networks by 66.3% in the second quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock valued at $713,000 after purchasing an additional 1,389 shares in the last quarter. Osterweis Capital Management Inc. raised its stake in shares of Palo Alto Networks by 11,100.0% in the second quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock valued at $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in Palo Alto Networks by 6.0% in the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after purchasing an additional 249 shares during the period. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Trading Down 0.4%

Shares of NASDAQ PANW opened at $374.14 on Wednesday. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $398.88. The company has a market cap of $304.92 billion, a PE ratio of 306.67, a P/E/G ratio of 12.89 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. The company has a 50-day moving average of $332.48 and a two-hundred day moving average of $238.39.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion during 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 firm's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the company 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, equities analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the transaction, the executive vice president owned 145,250 shares in the company, valued at $42,058,590. The trade was a 3.33% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the completion of the transaction, the director directly owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 100,839 shares of company stock worth $27,079,580 over the last ninety days. 1.40% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PANW shares. Berenberg Bank lifted their target price on shares of Palo Alto Networks from $290.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, June 3rd. Morgan Stanley set a $400.00 price target on shares of Palo Alto Networks in a research report on Monday. Susquehanna restated a "positive" rating and set a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Northland Securities lifted their price objective on Palo Alto Networks from $190.00 to $302.00 and gave the company a "market perform" rating in a report on Wednesday, June 3rd. Finally, William Blair reiterated an "outperform" rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $351.56.

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.

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