Palo Alto Networks, Inc. $PANW is Herbst Group LLC’s 10th Largest Position

Herbst Group LLC trimmed its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 8.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,614 shares of the network technology company’s stock after selling 1,400 shares during the quarter. Palo Alto Networks accounts for about 2.7% of Herbst Group LLC’s holdings, making the stock its 10th largest position. Herbst Group LLC’s holdings in Palo Alto Networks were worth $4,984,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in PANW. Darwin Wealth Management LLC bought a new stake in shares of Palo Alto Networks during the second quarter valued at about $25,000. Steph & Co. boosted its position in shares of Palo Alto Networks by 88.2% in the fourth quarter. Steph & Co. now owns 143 shares of the network technology company’s stock valued at $26,000 after acquiring an additional 67 shares during the period. Knuff & Co LLC purchased a new position in Palo Alto Networks during the fourth quarter valued at approximately $26,000. Sittner & Nelson LLC grew its stake 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 acquiring an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC increased its holdings in Palo Alto Networks by 196.2% during the 4th quarter. Luken Investment Analytics LLC now owns 154 shares of the network technology company’s stock worth $28,000 after acquiring an additional 102 shares during the period. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Palo Alto Networks Stock Performance

Palo Alto Networks stock opened at $363.86 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average of $317.88 and a 200-day moving average of $228.49. The firm has a market cap of $296.55 billion, a P/E ratio of 298.25, a P/E/G ratio of 12.21 and a beta of 0.91. Palo Alto Networks, Inc. has a 1-year low of $139.57 and a 1-year high of $376.98.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The company had revenue of $3 billion for the quarter, compared to the consensus estimate of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.Palo Alto Networks’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS. 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. Sell-side analysts expect that Palo Alto Networks, Inc. will post 2.02 EPS for the current year.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, 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 transaction, the chief accounting officer directly owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. The trade was a 1.33% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total transaction of $1,447,800.00. Following the completion of the sale, the executive vice president directly owned 145,250 shares of the company’s stock, valued at approximately $42,058,590. This represents a 3.33% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 101,239 shares of company stock valued at $27,174,360 over the last 90 days. Company insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on PANW. Royal Bank Of Canada raised their price target on shares of Palo Alto Networks from $255.00 to $330.00 and gave the company an “outperform” rating in a report on Wednesday, June 3rd. DA Davidson upped their price target 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. Citigroup reissued a “buy” rating and set a $400.00 price objective (up from $340.00) on shares of Palo Alto Networks in a research note on Monday, July 13th. Argus set a $425.00 target price on Palo Alto Networks in a research note on Tuesday, July 21st. Finally, Piper Sandler reissued an “overweight” rating and set a $345.00 price target (up from $265.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.76.

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.