Fox Hill Wealth Management Increases Stake in Palo Alto Networks, Inc. $PANW

Fox Hill Wealth Management raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 117.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,265 shares of the network technology company’s stock after acquiring an additional 14,176 shares during the quarter. Palo Alto Networks makes up 2.2% of Fox Hill Wealth Management’s investment portfolio, making the stock its 9th largest position. Fox Hill Wealth Management’s holdings in Palo Alto Networks were worth $4,838,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Palo Alto Networks by 4.1% during the fourth quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock valued at $12,512,533,000 after acquiring an additional 2,659,100 shares during the last quarter. State Street Corp raised its stake in shares of Palo Alto Networks by 1.7% during the third quarter. State Street Corp now owns 29,736,916 shares of the network technology company’s stock valued at $6,055,031,000 after acquiring an additional 505,924 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Palo Alto Networks by 3.5% during the fourth 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 acquiring an additional 540,756 shares during the last quarter. Norges Bank bought a new position in shares of Palo Alto Networks during the fourth quarter valued at about $1,415,364,000. Finally, Northern Trust Corp raised its stake in shares of Palo Alto Networks by 0.5% during the third quarter. Northern Trust Corp now owns 7,528,248 shares of the network technology company’s stock valued at $1,532,902,000 after acquiring an additional 36,511 shares during the last quarter. 79.82% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director John P. Key sold 1,572 shares of the stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $173.32, for a total value of $272,459.04. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at $3,466,400. This trade represents a 7.29% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Lee Klarich sold 62,904 shares of the stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $258.65, for a total transaction of $16,270,119.60. Following the completion of the transaction, the executive vice president owned 235,983 shares of the company’s stock, valued at approximately $61,037,002.95. The trade was a 21.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 72,076 shares of company stock worth $17,930,587 over the last 90 days. Corporate insiders own 1.40% of the company’s stock.

More Palo Alto Networks News

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

• Positive Sentiment: Scotiabank nudged its FY2027 EPS estimate higher for PANW, signaling modest confidence in longer-term earnings growth.
• Positive Sentiment: Recent commentary on Prisma AIRS suggests AI security is gaining traction and could boost revenue growth and deal size.
• Positive Sentiment: Broader cybersecurity-sector coverage remains constructive, with analysts and institutions still favoring the group amid rising AI-related security demand.
• Neutral Sentiment: Northland Securities kept a $302 price target and Market Perform rating while issuing a range of earnings estimates, indicating a cautious but not bearish stance.
• Negative Sentiment: Northland also trimmed some near- and mid-term EPS forecasts for PANW, reflecting lingering concern about profitability assumptions and valuation.
• Negative Sentiment: PANW still trades at a demanding valuation, so any slowdown in AI-security momentum could increase volatility.

Analysts Set New Price Targets

Several brokerages have recently commented on PANW. Wolfe Research reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Barclays reaffirmed an “overweight” rating and set a $315.00 price objective (up from $220.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. DA Davidson upped their price objective on shares of Palo Alto Networks from $190.00 to $345.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Cantor Fitzgerald set a $340.00 price objective on shares of Palo Alto Networks and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Jefferies Financial Group set a $335.00 price objective on shares of Palo Alto Networks and gave the stock a “buy” rating in a report on Wednesday, June 3rd. Two research analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $306.59.

Palo Alto Networks Stock Up 6.2%

Shares of Palo Alto Networks stock opened at $279.53 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.86 and a quick ratio of 0.86. The company has a 50-day moving average of $214.06 and a 200 day moving average of $188.58. The firm has a market cap of $227.82 billion, a price-to-earnings ratio of 229.12, a PEG ratio of 9.77 and a beta of 0.94. Palo Alto Networks, Inc. has a 1 year low of $139.57 and a 1 year high of $302.95.

Palo Alto Networks (NASDAQ:PANW) last issued its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.06. The company had revenue of $3 billion during the quarter, compared to analyst estimates of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. Palo Alto Networks’s quarterly revenue was up 31.1% compared to the same quarter last year. During the same period last year, the business 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. As a group, sell-side analysts anticipate that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.

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.