Trust Asset Management LLC Boosts Position in Palo Alto Networks, Inc. $PANW

Trust Asset Management LLC increased its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 19.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 8,639 shares of the network technology company’s stock after acquiring an additional 1,401 shares during the quarter. Trust Asset Management LLC’s holdings in Palo Alto Networks were worth $2,946,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its position in shares of Palo Alto Networks by 15.0% during the first quarter. Janney Montgomery Scott LLC now owns 410,401 shares of the network technology company’s stock valued at $65,796,000 after buying an additional 53,485 shares during the last quarter. Aviva PLC raised its position in Palo Alto Networks by 5.4% in the 4th quarter. Aviva PLC now owns 568,804 shares of the network technology company’s stock valued at $104,774,000 after buying an additional 29,230 shares during the last quarter. B&D White Capital Company LLC bought a new position in Palo Alto Networks during the 1st quarter valued at $353,000. Granite Islands Private Wealth LLC boosted its holdings in Palo Alto Networks by 43.6% during the 1st quarter. Granite Islands Private Wealth LLC now owns 15,342 shares of the network technology company’s stock worth $2,453,000 after acquiring an additional 4,659 shares during the last quarter. Finally, Peapack Gladstone Financial Corp boosted its holdings in Palo Alto Networks by 8.8% during the 4th quarter. Peapack Gladstone Financial Corp now owns 48,458 shares of the network technology company’s stock worth $8,926,000 after acquiring an additional 3,926 shares during the last quarter. 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: Reports that autonomous AI agents developed by OpenAI and Anthropic conducted real-world hacking campaigns have increased attention on cybersecurity risks. Congressional calls for hearings could encourage greater spending on threat detection and protection, potentially benefiting Palo Alto Networks’ platform. Palo Alto Networks Stock Is Up, What You Need To Know
• Positive Sentiment: Citizens JMP raised its price target for PANW from $320 to $415 and maintained a “Market Outperform” rating. The revised target suggests additional upside from the referenced share price and reinforces bullish analyst sentiment.
• Positive Sentiment: The stock’s strong 2026 performance and move toward a new one-year high indicate continued momentum and investor interest in cybersecurity equities. Palo Alto Networks Reaches New 1-Year High
• Neutral Sentiment: Recent short-interest data reported zero shares sold short, with a zero-day short-interest ratio. Because the figures show no measurable short position and include an anomalous percentage change, they provide little actionable information about trading pressure.
• Negative Sentiment: At roughly 317 times earnings, Palo Alto Networks carries a demanding valuation. Sustaining the rally will likely require continued high growth and execution; any slowdown or weaker guidance could increase downside risk.

Insider Buying and Selling at Palo Alto Networks

In other news, EVP Dipak Golechha sold 5,000 shares of the company’s stock in a transaction on 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 transaction, the executive vice president owned 145,250 shares of the company’s stock, valued at $42,058,590. This represents a 3.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John P. Key sold 7,500 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the transaction, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. The trade was a 37.50% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 101,239 shares of company stock valued at $27,174,360 in the last quarter. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Performance

Shares of PANW stock opened at $387.01 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $315.41 billion, a price-to-earnings ratio of 317.22, a P/E/G ratio of 12.88 and a beta of 0.91. Palo Alto Networks, Inc. has a 52 week low of $139.57 and a 52 week high of $389.25. The firm’s 50-day simple moving average is $323.44 and its two-hundred day simple moving average is $232.77.

Palo Alto Networks (NASDAQ:PANW) last released its 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. 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 during the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the prior year, the firm earned $0.37 EPS. The company’s 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. As a group, equities analysts forecast that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Citizens Jmp increased their target price on shares of Palo Alto Networks from $320.00 to $415.00 and gave the company a “market outperform” rating in a report on Wednesday. JPMorgan Chase & Co. upped their price objective on shares of Palo Alto Networks from $200.00 to $300.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Oppenheimer reiterated an “outperform” rating and issued a $400.00 price objective (up from $350.00) on shares of Palo Alto Networks in a research note on Tuesday, August 4th. Loop Capital boosted their target price on Palo Alto Networks from $160.00 to $290.00 and gave the stock a “hold” rating in a research note on Wednesday, June 3rd. Finally, Needham & Company LLC upped their target price on Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Palo Alto Networks has a consensus rating of “Moderate Buy” and a consensus target price of $337.35.

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.