Resona Asset Management Co. Ltd. Buys 40,694 Shares of Palo Alto Networks, Inc. $PANW

Key Points

• Resona Asset Management increased its Palo Alto Networks stake by 18.9% in Q1, buying 40,694 shares and bringing its total holding to 256,171 shares worth about $40.8 million.
• Palo Alto Networks reported strong quarterly results, beating estimates with $0.85 EPS and $3.0 billion in revenue, while revenue rose 31.1% year over year.
• Analyst sentiment remains bullish: several firms raised price targets, and the stock has a Moderate Buy consensus target of $318.65 despite recent insider selling and valuation concerns.

Resona Asset Management Co. Ltd. raised its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW - Free Report) by 18.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 256,171 shares of the network technology company's stock after purchasing an additional 40,694 shares during the quarter. Resona Asset Management Co. Ltd.'s holdings in Palo Alto Networks were worth $40,776,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of Palo Alto Networks stock in a transaction 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 sale, the director owned 20,000 shares of the company's stock, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. The transaction 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 the business's stock in a transaction 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 transaction, the executive vice president owned 235,983 shares of the company's stock, valued at $61,037,002.95. This represents a 21.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 101,239 shares of company stock worth $27,174,360 in the last three months. Corporate insiders own 1.40% of the company's stock.

Key Palo Alto Networks News

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

• Positive Sentiment: Needham raised its price target on Palo Alto Networks from $350 to $425 and reiterated a buy rating, signaling confidence in further upside for the cybersecurity leader.
• Positive Sentiment: BTIG also lifted its price target on PANW from $333 to $380 while keeping a buy rating, adding to the bullish analyst momentum.
• Positive Sentiment: Recent commentary highlighted strong business momentum, including roughly 60% growth in next-gen security revenue and a sharp share-price rally over the past six months, which supports the bullish long-term thesis. Palo Alto (PANW) Up More than 96% Over The Past 6 Months, Is it The Best Performing Agentic AI Stock?
• Neutral Sentiment: Several articles focused on the stock’s strong run and its role in the agentic AI and cybersecurity themes, reinforcing investor interest but offering no new fundamental catalyst. Shares Soar on Palo Alto's 60% Next Gen Security Growth
• Neutral Sentiment: One report noted PANW remains near its all-time high and that analysts still expect more gains, but it also flagged that the stock may be vulnerable if expectations become too stretched. Here's the key risk facing the Palo Alto Networks stock today
• Negative Sentiment: Director Helle Thorning-Schmidt sold 700 shares at $346.85, reducing her position by 10.61%, which can be read as a small negative signal for sentiment.
• Negative Sentiment: Some commentary warned that PANW’s valuation re-rating may have gone too far and that extreme exuberance is a risk, which may be pressuring the stock despite strong fundamentals.

Palo Alto Networks Stock Down 4.9%

Shares of Palo Alto Networks stock opened at $320.59 on Thursday. The company has a 50-day simple moving average of $268.04 and a two-hundred day simple moving average of $204.73. The stock has a market capitalization of $261.28 billion, a PE ratio of 262.78, a price-to-earnings-growth ratio of 12.51 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.

Palo Alto Networks (NASDAQ:PANW - Get Free Report) last posted its quarterly 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 business's revenue for the quarter was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the company 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. On average, analysts anticipate that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PANW shares. Mizuho lifted their target price on shares of Palo Alto Networks from $265.00 to $305.00 and gave the company an "outperform" rating in a report on Wednesday, June 3rd. Robert W. Baird set a $320.00 price target on Palo Alto Networks in a research note on Wednesday, June 3rd. Sanford C. Bernstein raised their price objective on Palo Alto Networks from $209.00 to $253.00 and gave the company an "outperform" rating in a research report on Wednesday, June 3rd. Rosenblatt Securities lifted their price objective on Palo Alto Networks from $275.00 to $355.00 and gave the company a "buy" rating in a research note on Wednesday, June 3rd. Finally, Oppenheimer lifted their price objective on Palo Alto Networks from $275.00 to $350.00 and gave the company an "outperform" rating in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Palo Alto Networks currently has an average rating of "Moderate Buy" and a consensus target price of $318.65.

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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