Novare Capital Management LLC Grows Stock Position in Palo Alto Networks, Inc. $PANW

Novare Capital Management LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 22.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,035 shares of the network technology company’s stock after purchasing an additional 2,190 shares during the quarter. Novare Capital Management LLC’s holdings in Palo Alto Networks were worth $1,929,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings 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 valued at $12,512,533,000 after acquiring an additional 2,659,100 shares in the last quarter. State Street Corp increased its position in shares of Palo Alto Networks by 2.0% in 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 purchasing an additional 594,789 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Palo Alto Networks by 11.9% in 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 purchasing an additional 2,065,776 shares in the last quarter. Geode Capital Management LLC lifted its position 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 worth $2,934,935,000 after purchasing an additional 540,756 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Palo Alto Networks during the fourth quarter worth $1,415,364,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Palo Alto Networks Stock Down 0.5%

Palo Alto Networks stock opened at $286.40 on Tuesday. The company has a market capitalization of $233.42 billion, a P/E ratio of 234.75, a PEG ratio of 10.69 and a beta of 0.94. 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, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95. The stock has a 50-day simple moving average of $230.63 and a 200-day simple moving average of $193.37.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter last year, the business posted $0.37 EPS. The firm’s quarterly revenue 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. Equities research analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Insider Buying and Selling at Palo Alto Networks

In other news, Director John P. Key sold 7,500 shares of Palo Alto Networks stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.24, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 sale, the executive vice president owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. This trade represents a 21.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 101,389 shares of company stock valued at $26,122,830. 1.40% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PANW. Oppenheimer lifted their price target on Palo Alto Networks from $275.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. DA Davidson boosted their target price on Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $325.00 price target (up from $285.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price target on shares of Palo Alto Networks and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Susquehanna reissued a “positive” rating and set a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.