Sei Investments Co. Buys 115,770 Shares of Palo Alto Networks, Inc. $PANW

Sei Investments Co. increased its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 61.0% during the 1st quarter, Holdings Channel reports. The firm owned 305,444 shares of the network technology company’s stock after acquiring an additional 115,770 shares during the quarter. Sei Investments Co.’s holdings in Palo Alto Networks were worth $48,964,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after buying an additional 2,659,100 shares in the last quarter. State Street Corp raised its holdings in shares of Palo Alto Networks by 2.0% in the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock valued at $5,587,100,000 after acquiring an additional 594,789 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Palo Alto Networks by 11.9% in the fourth 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 acquiring an additional 2,065,776 shares in the last quarter. Geode Capital Management LLC lifted its stake in Palo Alto Networks by 3.5% in the fourth quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock worth $2,934,935,000 after acquiring an additional 540,756 shares during the period. Finally, Norges Bank purchased a new stake in Palo Alto Networks in the fourth quarter worth about $1,415,364,000. 79.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Argus set a $425.00 target price on shares of Palo Alto Networks in a research report on Tuesday. Wedbush upped their price target on shares of Palo Alto Networks from $300.00 to $340.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group set a $335.00 price objective on shares of Palo Alto Networks and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Needham & Company LLC increased their price objective on shares of Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a research note on Tuesday, July 7th. 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. One research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $331.48.

Palo Alto Networks Price Performance

NASDAQ PANW opened at $323.79 on Friday. The firm’s fifty day simple moving average is $300.79 and its two-hundred day simple moving average is $217.58. The firm has a market capitalization of $263.89 billion, a P/E ratio of 265.40, a P/E/G ratio of 12.02 and a beta of 0.91. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.04. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $368.80.

Palo Alto Networks (NASDAQ:PANW) last issued 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. The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a return on equity of 10.53% and a net margin of 7.95%.The business’s revenue for the quarter was up 31.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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. Analysts forecast that Palo Alto Networks, Inc. will post 2.03 EPS for the current fiscal year.

Insider Transactions at Palo Alto Networks

In other Palo Alto Networks news, Director James J. Goetz sold 20,000 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.90, for a total value of $5,598,000.00. Following the transaction, the director owned 20,000 shares in the company, valued at approximately $5,598,000. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Aparna Bawa sold 290 shares of the stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $348.74, for a total transaction of $101,134.60. Following the completion of the sale, the director owned 6,437 shares of the company’s stock, valued at $2,244,839.38. This trade represents a 4.31% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 101,239 shares of company stock valued at $27,174,360. Insiders own 1.40% of the company’s stock.

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.