Harvest Fund Management Co. Ltd Grows Position in Palo Alto Networks, Inc. $PANW

Harvest Fund Management Co. Ltd raised its holdings in Palo Alto Networks, Inc. (NASDAQ:PANW) by 22.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 54,760 shares of the network technology company’s stock after acquiring an additional 10,220 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Palo Alto Networks were worth $10,086,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 valued at $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 1.7% during the 3rd quarter. State Street Corp now owns 29,736,916 shares of the network technology company’s stock valued at $6,055,031,000 after buying an additional 505,924 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Palo Alto Networks by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 15,989,257 shares of the network technology company’s stock valued at $2,934,935,000 after buying an additional 540,756 shares in the last quarter. Norges Bank purchased a new position in shares of Palo Alto Networks during the 4th quarter valued at about $1,415,364,000. Finally, Northern Trust Corp raised its holdings in shares of Palo Alto Networks by 0.5% during the 3rd quarter. Northern Trust Corp now owns 7,528,248 shares of the network technology company’s stock valued at $1,532,902,000 after buying an additional 36,511 shares in the last quarter. 79.82% of the stock is owned by hedge funds and other institutional investors.

Palo Alto Networks Price Performance

Shares of Palo Alto Networks stock opened at $279.25 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 1.04. The business’s 50 day simple moving average is $202.65 and its two-hundred day simple moving average is $185.98. The stock has a market capitalization of $227.87 billion, a P/E ratio of 228.89, a price-to-earnings-growth ratio of 10.07 and a beta of 0.94. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $302.95.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.06. The business had revenue of $3 billion for 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 quarterly revenue was up 31.1% on a year-over-year basis. During the same period in the previous year, the firm 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. Analysts forecast that Palo Alto Networks, Inc. will post 2.15 EPS for the current year.

Insider Transactions at Palo Alto Networks

In other news, CAO Josh D. Paul sold 1,100 shares of Palo Alto Networks stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the sale, the chief accounting officer directly owned 81,636 shares in the company, valued at approximately $23,272,790.88. This trade represents a 1.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $160.42, for a total value of $802,100.00. Following the completion of the sale, the executive vice president owned 150,250 shares in the company, valued at approximately $24,103,105. This represents a 3.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 72,076 shares of company stock worth $17,930,587. Corporate insiders own 1.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on PANW. Wolfe Research reissued an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a report on Wednesday. New Street Research decreased their price objective on Palo Alto Networks from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. TD Cowen reissued a “buy” rating and set a $330.00 price objective (up from $255.00) on shares of Palo Alto Networks in a report on Wednesday. Scotiabank reissued a “sector outperform” rating and set a $320.00 price objective (up from $180.00) on shares of Palo Alto Networks in a report on Wednesday. Finally, Benchmark raised their price objective on Palo Alto Networks from $270.00 to $340.00 and gave the company a “buy” rating in a report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $306.29.

Trending Headlines about Palo Alto Networks

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

• Positive Sentiment: Palo Alto Networks beat fiscal Q3 expectations, with revenue of $3.0 billion and EPS of $0.85, and management raised full-year and Q4 guidance, reinforcing the view that AI-related cybersecurity demand is accelerating. Article Title
• Positive Sentiment: Wall Street analyst sentiment turned more bullish, with multiple firms raising price targets sharply and several upgrading the stock, which can support PANW’s valuation and sentiment in the near term. Article Title
• Positive Sentiment: Citigroup, Wedbush, Deutsche Bank, Morgan Stanley, Berenberg, Truist, Rosenblatt, Oppenheimer, RBC, Mizuho and others all lifted targets into a much higher range, signaling confidence that the post-earnings growth story remains intact. Article Title
• Positive Sentiment: FBN Securities upgraded Palo Alto Networks to “strong-buy,” adding another constructive catalyst for the stock after the earnings report. Article Title
• Neutral Sentiment: Some commentary suggests the stock may have run ahead of itself after a strong rally, and a few articles note that investors are pausing to assess whether the AI-security growth can justify the valuation. Article Title
• Neutral Sentiment: An insider sale by the chief accounting officer may create a small headline overhang, but the transaction appears limited relative to the company’s recent surge. Article Title
• Negative Sentiment: Broader weakness in cybersecurity peers, including CrowdStrike’s post-earnings drop, may be weighing on sentiment across the group and helping explain some near-term pressure in PANW. Article Title

Palo Alto Networks 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.