Heritage Investors Management Corp Has $90.85 Million Holdings in Palo Alto Networks, Inc. $PANW

Key Points

• Heritage Investors Management Corp increased its Palo Alto Networks stake by 1.1% in the first quarter, ending with 566,661 shares valued at about $90.85 million. The position makes PANW its sixth-largest holding and about 2.8% of its portfolio.
• Institutional ownership remains heavy, with about 79.82% of Palo Alto Networks stock held by institutions. Several other firms also boosted their positions, underscoring continued investor interest in the cybersecurity company.
• Palo Alto Networks posted better-than-expected quarterly results, reporting $0.85 EPS on $3 billion in revenue, and raised FY2026 guidance. Analysts remain broadly bullish, with multiple price-target increases and a consensus rating of Moderate Buy.

Heritage Investors Management Corp lifted its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 1.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 566,661 shares of the network technology company's stock after purchasing an additional 6,203 shares during the quarter. Palo Alto Networks accounts for about 2.8% of Heritage Investors Management Corp's holdings, making the stock its 6th largest holding. Heritage Investors Management Corp owned approximately 0.07% of Palo Alto Networks worth $90,847,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC grew its holdings in shares of Palo Alto Networks by 15.0% in the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company's stock worth $65,796,000 after purchasing an additional 53,485 shares during the last quarter. Aviva PLC raised its holdings in Palo Alto Networks by 5.4% during the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company's stock valued at $104,774,000 after buying an additional 29,230 shares during the last quarter. Granite Islands Private Wealth LLC raised its holdings in Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company's stock valued at $2,453,000 after buying an additional 4,659 shares during the last quarter. Peapack Gladstone Financial Corp boosted its position in Palo Alto Networks by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company's stock valued at $8,926,000 after buying an additional 3,926 shares during the period. Finally, Oak Thistle LLC bought a new stake in Palo Alto Networks in the 4th quarter worth $1,554,000. 79.82% of the stock is currently owned by institutional investors.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the firm's 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 owned 12,500 shares of the company's stock, valued at approximately $3,490,500. This trade represents a 37.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Lee Klarich sold 62,904 shares of Palo Alto Networks 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 transaction, the executive vice president 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 102,111 shares of company stock worth $27,204,024 over the last 90 days. 1.40% of the stock is currently owned by insiders.

Palo Alto Networks Price Performance

PANW opened at $348.06 on Friday. 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 market cap of $283.67 billion, a price-to-earnings ratio of 285.30, a price-to-earnings-growth ratio of 13.07 and a beta of 0.91. The stock has a fifty day simple moving average of $255.09 and a two-hundred day simple moving average of $200.36. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $358.10.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The company's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. 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. Research analysts predict that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Benchmark boosted their price target on Palo Alto Networks from $270.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Wells Fargo & Company increased their price objective on Palo Alto Networks from $325.00 to $420.00 and gave the stock an "overweight" rating in a report on Wednesday. UBS Group set a $300.00 price objective on Palo Alto Networks and gave the stock a "neutral" rating in a research report on Wednesday, June 3rd. Guggenheim cut Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research note on Wednesday, May 27th. Finally, Evercore restated an "outperform" rating and set a $375.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-nine have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Palo Alto Networks currently has a consensus rating of "Moderate Buy" and a consensus price target of $316.15.

Key Headlines Impacting Palo Alto Networks

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

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.