Palo Alto Networks, Inc. $PANW Shares Purchased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management boosted its stake in Palo Alto Networks by 31.7% in the first quarter, buying 30,973 more shares and bringing its holdings to 128,813 shares worth about $20.65 million.
• Palo Alto Networks reported strong quarterly results, posting $0.85 EPS on $3 billion in revenue, both above analyst expectations, with revenue rising 31.1% year over year.
• Wall Street remains bullish on PANW, with several firms raising price targets and the consensus rating sitting at “Moderate Buy” with an average target of $306.59, near the stock’s recent price of $304.20.

Apollon Wealth Management LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 31.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 128,813 shares of the network technology company's stock after buying an additional 30,973 shares during the quarter. Apollon Wealth Management LLC's holdings in Palo Alto Networks were worth $20,651,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in PANW. Vanguard Group Inc. grew its holdings in shares of Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company's stock worth $12,512,533,000 after buying an additional 2,659,100 shares during the last quarter. State Street Corp raised its stake in Palo Alto Networks by 2.0% during the 4th quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock valued at $5,587,100,000 after acquiring an additional 594,789 shares during the last quarter. Bank of America Corp DE lifted its position in Palo Alto Networks by 11.9% during the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company's stock worth $3,568,964,000 after acquiring an additional 2,065,776 shares during the period. Geode Capital Management LLC lifted its position in Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock worth $2,934,935,000 after acquiring an additional 540,756 shares during the period. Finally, Norges Bank purchased a new position in shares of Palo Alto Networks in the 4th quarter valued at approximately $1,415,364,000. Institutional investors and hedge funds own 79.82% of the company's stock.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $304.20 on Monday. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $306.24. 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 fifty day moving average price of $241.22 and a two-hundred day moving average price of $196.11. The stock has a market capitalization of $247.92 billion, a price-to-earnings ratio of 249.34, a PEG ratio of 11.30 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last issued its earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS 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 was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm earned $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. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on PANW shares. Benchmark boosted their target price on Palo Alto Networks from $270.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, June 3rd. Wolfe Research reiterated an "outperform" rating and issued a $320.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Rosenblatt Securities boosted their price objective on shares of Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. HSBC upped their price objective on shares of Palo Alto Networks from $114.00 to $207.00 in a research report on Thursday, June 4th. Finally, Scotiabank restated a "sector outperform" rating and issued a $320.00 target price (up from $180.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $306.59.

Insider Buying and Selling

In related news, Director James J. Goetz sold 20,000 shares of the company's stock in a transaction that occurred 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 sale, the director owned 20,000 shares in the company, valued at $5,598,000. This represents a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Lee Klarich sold 62,904 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly 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 106,389 shares of company stock valued at $27,570,630 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

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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