Boston Common Asset Management LLC Has $7.57 Million Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Boston Common Asset Management boosted its Palo Alto Networks stake by 10.8% in the first quarter, bringing its holdings to 47,194 shares worth about $7.57 million.
• Insider selling continued, with EVP Dipak Golechha and CAO Josh D. Paul both selling shares; insiders have sold a total of 101,239 shares worth $27.17 million over the past 90 days.
• Palo Alto Networks reported strong quarterly results, beating earnings and revenue estimates, while analysts remain mostly positive with an average rating of Moderate Buy and an average price target of $327.74.

Boston Common Asset Management LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 10.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,194 shares of the network technology company's stock after buying an additional 4,618 shares during the period. Boston Common Asset Management LLC's holdings in Palo Alto Networks were worth $7,566,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC acquired a new position in shares of Palo Alto Networks in the 2nd quarter valued at about $25,000. Steph & Co. grew its stake in Palo Alto Networks by 88.2% during the fourth quarter. Steph & Co. now owns 143 shares of the network technology company's stock worth $26,000 after purchasing an additional 67 shares during the period. Knuff & Co LLC acquired a new stake in Palo Alto Networks during the fourth quarter worth approximately $26,000. Sittner & Nelson LLC increased its holdings in Palo Alto Networks by 73.8% in the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock worth $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC lifted its stake in Palo Alto Networks by 196.2% in the fourth quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company's stock valued at $28,000 after buying an additional 102 shares during the period. Institutional investors own 79.82% of the company's stock.

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, EVP Dipak Golechha sold 5,000 shares of the company's stock in a transaction on Tuesday, June 23rd. The shares were 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 approximately $42,058,590. This represents a 3.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 900 shares of the firm'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 completion of the transaction, the chief accounting officer directly owned 79,644 shares in the company, valued at $27,477,180. This trade represents a 1.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 101,239 shares of company stock worth $27,174,360 in the last ninety days. 1.40% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

PANW has been the topic of a number of research analyst reports. Susquehanna restated a "positive" rating and set a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. DA Davidson lifted their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Citigroup reiterated a "buy" rating and set a $400.00 target price (up from $340.00) on shares of Palo Alto Networks in a research report on Monday, July 13th. Sanford C. Bernstein increased their target price on shares of Palo Alto Networks from $209.00 to $253.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 3rd. Finally, Wolfe Research restated an "outperform" rating and issued a $320.00 price target on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $327.74.

Palo Alto Networks Stock Performance

Shares of Palo Alto Networks stock opened at $358.68 on Monday. The stock has a market capitalization of $292.32 billion, a PE ratio of 294.00, a price-to-earnings-growth ratio of 13.32 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 stock has a 50 day moving average price of $290.04 and a two-hundred day moving average price of $212.48. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

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 for the quarter, topping analysts' consensus estimates 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 company had revenue of $3 billion for the quarter, compared to analyst estimates of $2.94 billion. During the same period in the prior year, the firm earned $0.37 earnings per share. Palo Alto Networks's revenue for the quarter 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. As a group, equities analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

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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