Palo Alto Networks, Inc. $PANW Shares Sold by BNP Paribas

BNP Paribas trimmed its position in Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 9.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,837 shares of the network technology company's stock after selling 31,392 shares during the period. Palo Alto Networks makes up about 2.7% of BNP Paribas' holdings, making the stock its 10th biggest position. BNP Paribas' holdings in Palo Alto Networks were worth $97,008,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Darwin Wealth Management LLC purchased a new position in Palo Alto Networks during the second quarter worth about $25,000. Knuff & Co LLC acquired a new stake in Palo Alto Networks in the 4th quarter worth about $26,000. Solstein Capital LLC purchased a new stake in Palo Alto Networks in the 2nd quarter valued at about $26,000. Sittner & Nelson LLC increased its stake in shares of Palo Alto Networks by 73.8% during the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company's stock valued at $27,000 after acquiring an additional 62 shares during the last quarter. Finally, N.E.W. Advisory Services LLC acquired a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $27,000. 79.82% of the stock is owned by institutional investors and hedge funds.

Key Palo Alto Networks News

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

• Positive Sentiment: Benchmark raised its price target to $400 from $340 and maintained a Buy rating, citing potential upside to next-generation security annual recurring revenue, revenue, operating income and margins. The forecast reinforces expectations that Palo Alto Networks’ AI-security strategy is gaining traction. Palo Alto Networks Gets a $400 Target
• Positive Sentiment: Investors are taking confidence from CrowdStrike’s stronger-than-expected results, which highlighted robust AI-related cybersecurity demand and lifted sentiment across the sector. Palo Alto Networks is viewed as a potential beneficiary of the same spending cycle. Palo Alto Networks Stock Trades Up
• Positive Sentiment: Platformization, adoption of AI-security products and recent deal wins are expected to support fourth-quarter growth. BTIG also assigned PANW a Buy rating, adding to broadly favorable analyst coverage. Palo Alto Networks to Report Q4 Earnings
• Neutral Sentiment: Earnings are the next major catalyst. Traders expect potentially significant movement after the report, while analysts are watching recurring revenue, margins, operating income and guidance—not just revenue and EPS. Expected Post-Earnings Stock Move
• Negative Sentiment: Acquisition-related costs could pressure results, and the stock’s triple-digit P/E ratio—above 300 based on the supplied data—means much of the AI-growth outlook may already be reflected in the price. Any shortfall in growth or guidance could trigger profit-taking. Palo Alto’s Rally Has One Big Problem Ahead of Earnings
• Negative Sentiment: Chief Accounting Officer Josh D. Paul sold 900 shares for approximately $318,000, reducing his position by 1.21%. The transaction is small relative to his remaining holdings but may create a modest sentiment headwind. Palo Alto Networks Insider Sale

Insider Activity

In other Palo Alto Networks news, CAO Josh D. Paul sold 1,100 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the sale, the chief accounting officer directly owned 81,636 shares of the company's stock, valued at approximately $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John P. Key sold 7,500 shares of the firm's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the transaction, the director directly 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 SEC filing for this sale provides additional information. Insiders have sold 38,835 shares of company stock worth $11,127,854 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.

Palo Alto Networks Trading Down 2.9%

NASDAQ:PANW opened at $371.59 on Friday. The company has a market cap of $302.85 billion, a PE ratio of 304.58, a P/E/G ratio of 12.10 and a beta of 0.91. The business's 50 day moving average is $344.62 and its two-hundred day moving average is $248.45. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $398.88.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.06. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The firm had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The firm's revenue 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. On average, analysts predict that Palo Alto Networks, Inc. will post 2.01 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on PANW. JPMorgan Chase & Co. raised their target price on shares of Palo Alto Networks from $326.00 to $384.00 and gave the stock an "overweight" rating in a research report on Tuesday. FBN Securities reaffirmed an "outperform" rating on shares of Palo Alto Networks in a research note on Wednesday, July 1st. Piper Sandler reiterated an "overweight" rating and issued a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. BTIG Research reissued a "buy" rating and set a $380.00 price objective on shares of Palo Alto Networks in a research note on Wednesday. Finally, BNP Paribas Exane upped their price objective on Palo Alto Networks from $330.00 to $380.00 and gave the stock an "outperform" rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $368.42.

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.

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.

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