Key Points
- Director James Goetz sold 20,000 shares of Palo Alto Networks on June 12 at an average price of $279.90, generating about $5.6 million. The sale cut his position by 50%.
- Palo Alto Networks shares were down 1.6% and opened at $279.90, near the stock’s 52-week high of $302.95. The company remains valued at a lofty P/E ratio of 229.43.
- The company beat quarterly earnings expectations, reporting $0.85 EPS on $3.0 billion in revenue, and raised guidance for FY 2026. Analysts remain largely bullish, with an average price target of $306.59.
Palo Alto Networks, Inc. (NASDAQ:PANW - Get Free Report) Director James Goetz sold 20,000 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $279.90, for a total transaction of $5,598,000.00. Following the completion of the transaction, the director directly owned 20,000 shares in the company, valued at approximately $5,598,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
Palo Alto Networks Trading Down 1.6%
Palo Alto Networks stock opened at $279.90 on Wednesday. The stock has a market cap of $228.12 billion, a P/E ratio of 229.43, a PEG ratio of 10.57 and a beta of 0.94. Palo Alto Networks, Inc. has a fifty-two week low of $139.57 and a fifty-two week high of $302.95. The firm's fifty day moving average price is $221.20 and its 200-day moving average price is $190.62. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86.
Palo Alto Networks (NASDAQ:PANW - Get Free Report) last released its quarterly earnings results on Tuesday, June 2nd. The network technology company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.06. The firm had revenue of $3 billion for the quarter, compared to analysts' expectations of $2.94 billion. Palo Alto Networks had a net margin of 7.95% and a return on equity of 10.53%. The business's quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.37 earnings per share. 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. Equities research analysts forecast that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current fiscal year.
Institutional Trading of Palo Alto Networks
Several institutional investors have recently added to or reduced their stakes in the business. Lombard Odier Asset Management Europe Ltd boosted its position in Palo Alto Networks by 5.6% during the first quarter. Lombard Odier Asset Management Europe Ltd now owns 76,315 shares of the network technology company's stock valued at $12,235,000 after buying an additional 4,024 shares during the period. Rathbones Group PLC boosted its position in Palo Alto Networks by 9.9% during the first quarter. Rathbones Group PLC now owns 942,520 shares of the network technology company's stock valued at $151,105,000 after buying an additional 84,915 shares during the period. First Nebraska Trust Co purchased a new stake in Palo Alto Networks during the first quarter valued at about $534,000. Foguth Wealth Management LLC. purchased a new stake in Palo Alto Networks during the first quarter valued at about $168,000. Finally, Financial Solutions Advisory Group Inc. purchased a new stake in Palo Alto Networks during the first quarter valued at about $296,000. 79.82% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts recently issued reports on PANW shares. Wells Fargo & Company reiterated an "overweight" rating and issued a $325.00 target price (up from $285.00) on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Morgan Stanley upped their target price on shares of Palo Alto Networks from $253.00 to $320.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 3rd. FBN Securities reiterated an "outperform" rating and issued a $330.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Guggenheim lowered shares of Palo Alto Networks from a "neutral" rating to a "reduce" rating in a research report on Wednesday, May 27th. Finally, The Goldman Sachs Group reiterated a "buy" rating and issued a $330.00 target price on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $306.59.
Read Our Latest Stock Report on Palo Alto Networks
Palo Alto Networks Company Profile
(
Get Free Report)
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.
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