PeakShares LLC Invests $939,000 in Palo Alto Networks, Inc. $PANW

PeakShares LLC bought a new position in Palo Alto Networks, Inc. (NASDAQ:PANW) during the fourth quarter, HoldingsChannel reports. The fund bought 5,100 shares of the network technology company’s stock, valued at approximately $939,000.

Several other institutional investors and hedge funds also recently bought and sold shares of PANW. Vanguard Group Inc. increased its position in Palo Alto Networks by 4.1% in 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 in the last quarter. State Street Corp lifted its position in shares of 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 buying an additional 594,789 shares in the last quarter. Bank of America Corp DE lifted its position in shares of 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 valued at $3,568,964,000 after buying an additional 2,065,776 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of 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 valued at $2,934,935,000 after acquiring an additional 540,756 shares during the period. Finally, Norges Bank bought a new position in shares of Palo Alto Networks during the 4th quarter valued at approximately $1,415,364,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Lee Klarich sold 62,904 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president owned 235,983 shares in the company, valued at approximately $61,037,002.95. This represents a 21.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $279.24, for a total transaction of $2,094,300.00. Following the transaction, the director directly owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,044 shares of company stock valued at $26,022,722 in the last quarter. Company insiders own 1.40% of the company’s stock.

Palo Alto Networks Price Performance

Shares of PANW opened at $287.78 on Friday. The business’s 50 day moving average is $228.24 and its 200 day moving average is $192.65. The company has a current ratio of 0.86, a quick 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 $302.95. The company has a market capitalization of $234.54 billion, a PE ratio of 235.89, a price-to-earnings-growth ratio of 10.69 and a beta of 0.94.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business had revenue of $3 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 31.1% compared to the same quarter last year. 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 expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Analyst Ratings Changes

PANW has been the topic of a number of recent analyst reports. Royal Bank Of Canada raised their target price on shares of Palo Alto Networks from $255.00 to $330.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Mizuho upped their price target on shares of Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Wolfe Research reissued an “outperform” rating and issued a $320.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Rosenblatt Securities raised 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 report on Wednesday, June 3rd. Finally, FBN Securities restated an “outperform” rating and set a $330.00 target price 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Palo Alto Networks presently has an average rating of “Moderate Buy” and a consensus price target of $306.59.

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.