Palo Alto Networks, Inc. $PANW Stock Holdings Boosted by Czech National Bank

Key Points

• Czech National Bank increased its Palo Alto Networks stake by 4.9% in the second quarter, bringing its holdings to 230,842 shares valued at approximately $78.7 million. Institutional investors collectively own 79.82% of PANW.
• Palo Alto Networks reported quarterly adjusted EPS of $0.85, exceeding estimates of $0.79, while revenue reached $3 billion and rose 31.1% year over year.
• The stock traded near its 12-month high at $359.49, while analysts maintained a broadly positive outlook with a “Moderate Buy” consensus and an average price target of $333.76; insiders, however, sold more than $27 million in shares over the past 90 days.

Czech National Bank grew its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 4.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 230,842 shares of the network technology company's stock after purchasing an additional 10,766 shares during the quarter. Czech National Bank's holdings in Palo Alto Networks were worth $78,722,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in 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 valued at $12,512,533,000 after buying an additional 2,659,100 shares in the last quarter. State Street Corp raised its position in Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company's stock worth $5,587,100,000 after acquiring an additional 594,789 shares in the last quarter. Bank of America Corp DE lifted its holdings in Palo Alto Networks by 16.0% in the 1st quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company's stock valued at $3,603,473,000 after acquiring an additional 3,101,267 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Palo Alto Networks by 3.5% in the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company's stock valued at $2,934,935,000 after acquiring an additional 540,756 shares during the last quarter. Finally, Norges Bank acquired a new stake in Palo Alto Networks in the 4th quarter valued at about $1,415,364,000. Institutional investors own 79.82% of the company's stock.

Palo Alto Networks Trading Down 0.9%

Palo Alto Networks stock opened at $359.49 on Friday. The company's fifty day simple moving average is $316.24 and its 200-day simple moving average is $227.25. 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 12 month low of $139.57 and a 12 month high of $376.98. The stock has a market cap of $292.98 billion, a P/E ratio of 294.66, a P/E/G ratio of 12.19 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The business had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks's quarterly revenue was up 31.1% compared to the same quarter last year. During the same period last year, the company earned $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. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein lifted their price objective 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. Northland Securities increased their target price on shares of Palo Alto Networks from $190.00 to $302.00 and gave the company a "market perform" rating in a research note on Wednesday, June 3rd. Stifel Nicolaus set a $340.00 target price on shares of Palo Alto Networks in a report on Wednesday, June 3rd. William Blair restated an "outperform" rating on shares of Palo Alto Networks in a research report on Tuesday, June 16th. Finally, Weiss Ratings cut Palo Alto Networks from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $333.76.

Insider Buying and Selling

In related news, EVP Lee Klarich sold 62,904 shares of the business's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $258.65, for a total value of $16,270,119.60. Following the completion of the sale, the executive vice president owned 235,983 shares of the company's stock, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director James J. Goetz sold 20,000 shares of the 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 completion of the transaction, the director owned 20,000 shares in the company, valued at $5,598,000. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 101,239 shares of company stock worth $27,174,360. Insiders own 1.40% of the company's stock.

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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