Meeder Advisory Services Inc. Buys Shares of 21,913 Palo Alto Networks, Inc. $PANW

Meeder Advisory Services Inc. bought a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the second quarter, Holdings Channel reports. The institutional investor bought 21,913 shares of the network technology company’s stock, valued at approximately $7,473,000.

A number of other hedge funds have also made changes to their positions in PANW. Brighton Jones LLC increased its stake in shares of Palo Alto Networks by 147.7% in the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after acquiring an additional 4,031 shares during the last quarter. Bison Wealth LLC increased its position in Palo Alto Networks by 169.1% in the 4th quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after purchasing an additional 3,275 shares during the last quarter. Sivia Capital Partners LLC increased its position in Palo Alto Networks by 66.3% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,484 shares of the network technology company’s stock worth $713,000 after purchasing an additional 1,389 shares during the last quarter. Osterweis Capital Management Inc. raised its stake in shares of Palo Alto Networks by 11,100.0% during the 2nd quarter. Osterweis Capital Management Inc. now owns 560 shares of the network technology company’s stock worth $115,000 after purchasing an additional 555 shares in the last quarter. Finally, Main Street Financial Solutions LLC lifted its holdings in shares of Palo Alto Networks by 6.0% during the 2nd quarter. Main Street Financial Solutions LLC now owns 4,398 shares of the network technology company’s stock valued at $900,000 after buying an additional 249 shares during the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on PANW. Citizens Jmp boosted their price target on Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 12th. Robert W. Baird set a $320.00 target price on Palo Alto Networks in a report on Wednesday, June 3rd. Susquehanna reissued a “positive” rating and issued a $350.00 price target (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price objective on Palo Alto Networks and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $345.00 target price (up from $265.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $351.56.

Palo Alto Networks Stock Performance

NASDAQ:PANW opened at $374.14 on Wednesday. The stock has a market capitalization of $304.92 billion, a P/E ratio of 306.67, a price-to-earnings-growth ratio of 12.89 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 1 year low of $139.57 and a 1 year high of $398.88. The firm has a 50 day moving average of $332.48 and a 200-day moving average of $238.39.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.79 by $0.06. The firm had revenue of $3 billion during the quarter, compared to analysts’ expectations 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 was up 31.1% on a year-over-year basis. During the same period last year, the firm 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. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.02 EPS for the current fiscal year.

Insiders Place Their Bets

In other Palo Alto Networks news, Director John P. Key sold 7,500 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $279.24, for a total value of $2,094,300.00. Following the completion of the transaction, the director directly owned 12,500 shares of the company’s stock, valued at approximately $3,490,500. The trade was a 37.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Josh D. Paul sold 1,100 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total transaction of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares in the company, valued at $23,272,790.88. The trade was a 1.33% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 100,839 shares of company stock valued at $27,079,580 over the last three months. Company insiders own 1.40% of the company’s stock.

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.