Palo Alto Networks, Inc. $PANW Holdings Lifted by Choreo LLC

Choreo LLC raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 16.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,880 shares of the network technology company’s stock after purchasing an additional 4,098 shares during the quarter. Choreo LLC’s holdings in Palo Alto Networks were worth $5,881,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in PANW. Norges Bank bought a new stake in Palo Alto Networks during the 2nd quarter valued at $675,865,000. ABN AMRO Bank N.V. acquired a new position in shares of Palo Alto Networks during the second quarter valued at $340,883,000. Vanguard Group Inc. raised its stake in shares of Palo Alto Networks by 2.0% during the third quarter. Vanguard Group Inc. now owns 65,269,963 shares of the network technology company’s stock valued at $13,290,270,000 after purchasing an additional 1,253,589 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Palo Alto Networks by 97.9% in the second quarter. California Public Employees Retirement System now owns 2,104,939 shares of the network technology company’s stock worth $430,755,000 after purchasing an additional 1,041,145 shares during the period. Finally, Bessemer Group Inc. grew its position in Palo Alto Networks by 3,881.4% in the 3rd quarter. Bessemer Group Inc. now owns 721,157 shares of the network technology company’s stock valued at $146,842,000 after buying an additional 703,044 shares in the last quarter. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Josh D. Paul sold 800 shares of the firm’s stock in a transaction that occurred on Friday, January 2nd. The shares were sold at an average price of $184.81, for a total value of $147,848.00. Following the completion of the transaction, the chief accounting officer owned 46,005 shares of the company’s stock, valued at approximately $8,502,184.05. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director James J. Goetz sold 12,500 shares of Palo Alto Networks stock in a transaction that occurred on Monday, December 8th. The stock was sold at an average price of $195.33, for a total transaction of $2,441,625.00. Following the transaction, the director owned 75,184 shares in the company, valued at approximately $14,685,690.72. The trade was a 14.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 260,542 shares of company stock worth $49,910,995 in the last quarter. Insiders own 1.40% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PANW. BMO Capital Markets dropped their price target on shares of Palo Alto Networks from $230.00 to $200.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 18th. Rosenblatt Securities reiterated a “buy” rating and set a $225.00 price objective on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Guggenheim restated a “neutral” rating on shares of Palo Alto Networks in a research report on Wednesday, February 18th. Scotiabank reaffirmed an “outperform” rating on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Finally, Citigroup reissued a “buy” rating and issued a $210.00 price objective (down from $235.00) on shares of Palo Alto Networks in a research note on Thursday, February 19th. One research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.62.

Palo Alto Networks Stock Down 0.3%

Shares of NASDAQ PANW opened at $148.92 on Friday. Palo Alto Networks, Inc. has a 12 month low of $139.57 and a 12 month high of $223.61. The company has a market cap of $121.52 billion, a price-to-earnings ratio of 82.28, a P/E/G ratio of 5.39 and a beta of 0.75. The business has a fifty day simple moving average of $174.60 and a 200-day simple moving average of $190.68.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Tuesday, February 17th. The network technology company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.09. Palo Alto Networks had a return on equity of 17.60% and a net margin of 12.96%.The firm had revenue of $2.59 billion for the quarter, compared to the consensus estimate of $2.58 billion. During the same quarter in the previous year, the company earned $0.81 EPS. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.650-3.700 EPS and its Q3 2026 guidance at 0.780-0.800 EPS. As a group, sell-side analysts expect that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal year.

About Palo Alto Networks

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.