iA Global Asset Management Inc. Lowers Position in Palo Alto Networks, Inc. $PANW

iA Global Asset Management Inc. cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 36.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 99,358 shares of the network technology company’s stock after selling 56,110 shares during the quarter. iA Global Asset Management Inc.’s holdings in Palo Alto Networks were worth $15,929,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Darwin Wealth Management LLC bought a new position in shares of Palo Alto Networks during the 2nd quarter valued at approximately $25,000. Knuff & Co LLC bought a new stake in Palo Alto Networks during the 4th quarter worth approximately $26,000. Steph & Co. raised its stake in Palo Alto Networks by 88.2% during the 4th quarter. Steph & Co. now owns 143 shares of the network technology company’s stock worth $26,000 after acquiring an additional 67 shares during the period. Sittner & Nelson LLC lifted its holdings in Palo Alto Networks by 73.8% during the fourth quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock valued at $27,000 after purchasing an additional 62 shares in the last quarter. Finally, Winch Advisory Services LLC lifted its holdings in Palo Alto Networks by 96.1% during the third quarter. Winch Advisory Services LLC now owns 149 shares of the network technology company’s stock valued at $30,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

More Palo Alto Networks News

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

• Positive Sentiment: BTIG raised its price target on Palo Alto Networks to $380 from $333 and kept a buy rating, signaling confidence in additional upside for PANW. BTIG Raises Price Target on Palo Alto Networks
• Positive Sentiment: Wells Fargo increased its target to $355 from $165 and reiterated a buy rating, highlighting strong analyst conviction after the company’s recent results. Palo Alto Networks Gets Massive Upward Price Target Revisions
• Positive Sentiment: Arete Research lifted its target to $433 from $185 and maintained a buy rating, adding to the wave of bullish revisions. Arete Adjusts Price Target on Palo Alto Networks
• Positive Sentiment: Commentary around PANW’s AI security and observability business suggests growing demand for its platform as enterprises spend more on cybersecurity tied to AI adoption. Palo Alto Networks Gains Momentum in AI Security and Observability
• Neutral Sentiment: Analysts broadly continue to view Palo Alto Networks as a “moderate buy,” reflecting generally favorable but not unanimous sentiment. Palo Alto Networks Given Consensus Rating of Moderate Buy
• Negative Sentiment: Some coverage notes that the stock’s rapid run-up has pushed valuations higher, which could make PANW more vulnerable if growth or margins fail to keep pace. Cybersecurity Rally Justify Its Valuations

Palo Alto Networks Stock Up 2.7%

PANW opened at $341.02 on Wednesday. The firm has a 50-day simple moving average of $247.98 and a two-hundred day simple moving average of $198.12. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $342.48. The company has a market capitalization of $277.93 billion, a PE ratio of 279.52, a price-to-earnings-growth ratio of 12.33 and a beta of 0.94. 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 (NASDAQ:PANW) last issued its earnings results 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. 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 analysts’ expectations of $2.94 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business’s 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

Insider Transactions at Palo Alto Networks

In related news, EVP Dipak Golechha sold 5,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $289.56, for a total value of $1,447,800.00. Following the sale, the executive vice president owned 145,250 shares in the company, valued at approximately $42,058,590. The trade was a 3.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Key sold 7,500 shares of the company’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 sale, the director directly owned 12,500 shares in the company, valued at approximately $3,490,500. The trade was a 37.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 100,289 shares of company stock valued at $26,590,990 in the last 90 days. Company insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Evercore reissued an “outperform” rating and issued a $375.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. William Blair restated an “outperform” rating on shares of Palo Alto Networks in a research note on Tuesday, June 16th. DA Davidson upped their target price on shares of Palo Alto Networks from $190.00 to $345.00 and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Piper Sandler reaffirmed an “overweight” rating and issued a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Mizuho increased their price target on Palo Alto Networks from $265.00 to $305.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $313.00.

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.