DB Fitzpatrick & Co Inc Acquires Shares of 7,078 Palo Alto Networks, Inc. $PANW

Key Points

• DB Fitzpatrick & Co Inc disclosed a new position in Palo Alto Networks, buying 7,078 shares in Q1 worth about $1.135 million.
• Institutional interest remains strong overall, with several funds boosting their holdings and institutions now owning 79.82% of the company’s stock.
• Analysts remain bullish on PANW: Wells Fargo raised its target to $420, BNP Paribas Exane lifted its target to $380, and the stock has also been supported by strong post-earnings momentum.

DB Fitzpatrick & Co Inc bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 7,078 shares of the network technology company's stock, valued at approximately $1,135,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in Palo Alto Networks by 147.7% during the 4th quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company's stock worth $1,230,000 after purchasing an additional 4,031 shares during the last quarter. Bison Wealth LLC boosted its stake in shares of Palo Alto Networks by 169.1% in the 4th 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 last quarter. Sivia Capital Partners LLC grew its position in shares of Palo Alto Networks by 66.3% during the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company's stock worth $713,000 after buying an additional 1,389 shares during the period. Osterweis Capital Management Inc. grew its position in shares of Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company's stock worth $115,000 after buying an additional 555 shares during the period. Finally, Main Street Financial Solutions LLC raised its stake in shares of Palo Alto Networks by 6.0% during the second quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company's stock worth $900,000 after buying an additional 249 shares during the last quarter. Institutional investors own 79.82% of the company's stock.

Key Palo Alto Networks News

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

• Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and reiterated an overweight rating, reinforcing the case for further upside. Wells Fargo price target raise
• Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and maintained an outperform rating, adding to the bullish analyst sentiment around PANW. BNP Paribas Exane target raise
• Positive Sentiment: The stock remains a momentum name after gaining roughly 25% since its last earnings report, supported by strong demand for AI-related cybersecurity tools and recent trading interest. Zacks earnings momentum article
• Neutral Sentiment: Several insider sales were disclosed, including director Aparna Bawa and CAO Josh D. Paul. The transactions were relatively small, but insider selling can slightly temper investor enthusiasm. Insider sale disclosure

Insider Buying and Selling at Palo Alto Networks

In other Palo Alto Networks news, Director Aparna Bawa sold 290 shares of Palo Alto Networks stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $348.74, for a total transaction of $101,134.60. Following the transaction, the director directly owned 6,437 shares in the company, valued at approximately $2,244,839.38. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director James J. Goetz sold 20,000 shares of the business's stock in a transaction dated Friday, June 12th. The shares were 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 directly owned 20,000 shares of the company's stock, valued at approximately $5,598,000. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 102,111 shares of company stock worth $27,204,024 in the last three months. 1.40% of the stock is owned by insiders.

Palo Alto Networks Stock Down 1.1%

Shares of NASDAQ:PANW opened at $348.06 on Friday. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $358.10. 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 company has a market capitalization of $283.67 billion, a PE ratio of 285.30, a PEG ratio of 13.07 and a beta of 0.91. The company has a 50 day moving average price of $255.09 and a two-hundred day moving average price of $200.36.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to analyst estimates 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 for the quarter was up 31.1% compared to the same quarter last year. During the same period last year, the business 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Wall Street Analyst Weigh In

PANW has been the topic of several analyst reports. Arete Research increased their price objective on shares of Palo Alto Networks from $185.00 to $433.00 and gave the company a "buy" rating in a report on Monday. The Goldman Sachs Group reaffirmed a "buy" rating and set a $330.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. William Blair reiterated an "outperform" rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. BMO Capital Markets increased their price target on Palo Alto Networks from $270.00 to $335.00 and gave the company 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 research report on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Palo Alto Networks has an average rating of "Moderate Buy" and a consensus target price of $316.15.

Palo Alto Networks 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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