Harbor Investment Advisory LLC Sells 4,603 Shares of Palo Alto Networks, Inc. $PANW

Harbor Investment Advisory LLC cut its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 61.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,834 shares of the network technology company’s stock after selling 4,603 shares during the period. Harbor Investment Advisory LLC’s holdings in Palo Alto Networks were worth $454,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PANW. Darwin Wealth Management LLC purchased a new position in shares of Palo Alto Networks during the 2nd quarter valued at about $25,000. Steph & Co. grew its stake in shares of Palo Alto Networks by 88.2% during the 4th 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 stake in Palo Alto Networks in the 4th quarter worth approximately $26,000. Sittner & Nelson LLC increased its holdings in Palo Alto Networks by 73.8% in the 4th quarter. Sittner & Nelson LLC now owns 146 shares of the network technology company’s stock worth $27,000 after acquiring an additional 62 shares in the last quarter. Finally, Luken Investment Analytics LLC raised its stake 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.

More Palo Alto Networks News

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

• Positive Sentiment: Wells Fargo raised its price target on Palo Alto Networks to $420 from $325 and reiterated an overweight rating, reinforcing the case for further upside. Wells Fargo price target raise
• Positive Sentiment: BNP Paribas Exane lifted its target to $380 from $330 and maintained an outperform rating, adding to the bullish analyst sentiment around PANW. BNP Paribas Exane target raise
• Positive Sentiment: The stock remains a momentum name after gaining roughly 25% since its last earnings report, supported by strong demand for AI-related cybersecurity tools and recent trading interest. Zacks earnings momentum article
• Neutral Sentiment: Several insider sales were disclosed, including director Aparna Bawa and CAO Josh D. Paul. The transactions were relatively small, but insider selling can slightly temper investor enthusiasm. Insider sale disclosure

Insider Buying and Selling

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $279.90, for a total value of $5,598,000.00. Following the sale, the director owned 20,000 shares in the company, valued at $5,598,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John P. Key sold 7,500 shares of the stock in a transaction dated 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. This trade represents a 37.50% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 102,111 shares of company stock worth $27,204,024 in the last 90 days. 1.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on PANW shares. Jefferies Financial Group set a $335.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a report on Wednesday, June 3rd. Benchmark raised their price objective on shares of Palo Alto Networks from $270.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, June 3rd. Oppenheimer raised their price objective on shares of Palo Alto Networks from $275.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. UBS Group set a $300.00 target price on shares of Palo Alto Networks and gave the company a “neutral” rating in a research note on Wednesday, June 3rd. Finally, Wedbush upped their target price on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, thirty-nine have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $316.15.

Palo Alto Networks Trading Down 1.1%

Shares of PANW opened at $348.06 on Friday. The firm has a market cap of $283.67 billion, a P/E ratio of 285.30, a price-to-earnings-growth ratio of 13.07 and a beta of 0.91. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $358.10. The company has a 50 day simple moving average of $255.09 and a two-hundred day simple moving average of $200.36.

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

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.