Palo Alto Networks, Inc. $PANW Shares Acquired by Bowen Hanes & Co. Inc.

Bowen Hanes & Co. Inc. grew its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 3.7% during the first quarter, HoldingsChannel reports. The fund owned 524,331 shares of the network technology company’s stock after purchasing an additional 18,675 shares during the period. Palo Alto Networks accounts for about 2.1% of Bowen Hanes & Co. Inc.’s investment portfolio, making the stock its 12th biggest holding. Bowen Hanes & Co. Inc.’s holdings in Palo Alto Networks were worth $84,061,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. GSG Advisors LLC grew its position in shares of Palo Alto Networks by 0.4% in the 1st quarter. GSG Advisors LLC now owns 12,536 shares of the network technology company’s stock valued at $2,010,000 after buying an additional 51 shares during the last quarter. Outfitters Financial LLC lifted its position in Palo Alto Networks by 1.7% in the fourth quarter. Outfitters Financial LLC now owns 3,265 shares of the network technology company’s stock valued at $601,000 after acquiring an additional 55 shares during the last quarter. Ancora Advisors LLC lifted its position in Palo Alto Networks by 2.4% in the third quarter. Ancora Advisors LLC now owns 2,312 shares of the network technology company’s stock valued at $471,000 after acquiring an additional 55 shares during the last quarter. PGIM Custom Harvest LLC boosted its stake in Palo Alto Networks by 1.4% in the third quarter. PGIM Custom Harvest LLC now owns 3,859 shares of the network technology company’s stock valued at $786,000 after acquiring an additional 55 shares in the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in Palo Alto Networks by 4.8% in the fourth quarter. Signal Advisors Wealth LLC now owns 1,233 shares of the network technology company’s stock valued at $227,000 after acquiring an additional 56 shares in the last quarter. 79.82% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks 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 transaction, the executive vice president directly owned 145,250 shares in the company, valued at $42,058,590. This trade represents a 3.33% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $285.08, for a total transaction of $313,588.00. Following the completion of the transaction, the chief accounting officer directly owned 81,636 shares in the company, valued at $23,272,790.88. This represents a 1.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 101,239 shares of company stock valued at $27,174,360. 1.40% of the stock is owned by company insiders.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $325.63 on Friday. The firm has a market cap of $265.39 billion, a P/E ratio of 266.91, a P/E/G ratio of 12.45 and a beta of 0.91. Palo Alto Networks, Inc. has a 52-week low of $139.57 and a 52-week high of $368.80. The business’s 50-day moving average price is $299.17 and its 200 day moving average price is $216.83. 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 posted its quarterly earnings data on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the business earned $0.37 EPS. The firm’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. On average, equities research analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

Analyst Upgrades and Downgrades

PANW has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Argus set a $425.00 price target on Palo Alto Networks in a research note on Tuesday. Susquehanna restated a “positive” rating and set a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. BTIG Research boosted their price objective on Palo Alto Networks from $333.00 to $380.00 and gave the company a “buy” rating in a research note on Tuesday, June 30th. Finally, Sanford C. Bernstein increased their price objective on Palo Alto Networks from $209.00 to $253.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $331.48.

Palo Alto Networks Company 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.