31,927 Shares in Palo Alto Networks, Inc. $PANW Purchased by Callan Family Office LLC

Callan Family Office LLC purchased a new stake in Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 31,927 shares of the network technology company’s stock, valued at approximately $10,888,000.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Palo Alto Networks in the second quarter worth approximately $25,833,462,000. Vanguard Group Inc. boosted its position 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 buying an additional 2,659,100 shares during the last quarter. State Street Corp grew its holdings in Palo Alto Networks by 2.0% during the fourth quarter. State Street Corp now owns 30,331,705 shares of the network technology company’s stock worth $5,587,100,000 after buying an additional 594,789 shares in the last quarter. Bank of America Corp DE grew its holdings in Palo Alto Networks by 16.0% during the first quarter. Bank of America Corp DE now owns 22,476,753 shares of the network technology company’s stock worth $3,603,473,000 after buying an additional 3,101,267 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Palo Alto Networks by 3.5% in 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 during the last quarter. Institutional investors and hedge funds own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler restated an “overweight” rating and set a $345.00 price objective (up from $265.00) on shares of Palo Alto Networks in a research note on Wednesday, June 3rd. Stephens increased their target price on shares of Palo Alto Networks from $180.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, June 3rd. Truist Financial set a $435.00 price target on shares of Palo Alto Networks and gave the company a “buy” rating in a research report on Wednesday. Royal Bank Of Canada restated an “outperform” rating and set a $434.00 price target (up from $330.00) on shares of Palo Alto Networks in a report on Friday, August 14th. Finally, FBN Securities reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, forty have given a Buy rating, six have given a Hold rating and one has given 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 $362.67.

Insider Buying and Selling at Palo Alto Networks

In other news, CAO Josh D. Paul sold 1,100 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $23,272,790.88. This represents a 1.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $289.56, for a total value 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. The trade was a 3.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 37,935 shares of company stock valued at $10,809,461 in the last quarter. Insiders own 1.40% of the company’s stock.

Palo Alto Networks Stock Up 2.4%

PANW opened at $358.04 on Friday. Palo Alto Networks, Inc. has a twelve month low of $139.57 and a twelve month high of $398.88. The company’s 50-day moving average price is $337.38 and its two-hundred day moving average price is $241.72. The stock has a market cap of $291.80 billion, a price-to-earnings ratio of 293.48, a PEG ratio of 11.74 and a beta of 0.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.04.

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 quarter last 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. As a group, equities analysts expect that Palo Alto Networks, Inc. will post 2.02 earnings per share for the current 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.