Canvas Wealth Advisors LLC Purchases 5,492 Shares of Palo Alto Networks, Inc. $PANW

Canvas Wealth Advisors LLC boosted its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 14.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,634 shares of the network technology company’s stock after buying an additional 5,492 shares during the quarter. Palo Alto Networks makes up about 1.4% of Canvas Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Canvas Wealth Advisors LLC’s holdings in Palo Alto Networks were worth $8,222,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Palo Alto Networks during the 2nd quarter worth about $675,865,000. Victory Capital Management Inc. boosted its position in shares of Palo Alto Networks by 108.3% in the third quarter. Victory Capital Management Inc. now owns 2,467,692 shares of the network technology company’s stock valued at $502,263,000 after acquiring an additional 1,282,738 shares during the period. Vanguard Group Inc. grew its stake in shares of Palo Alto Networks by 2.0% in the third quarter. Vanguard Group Inc. now owns 65,269,963 shares of the network technology company’s stock worth $13,290,270,000 after acquiring an additional 1,253,589 shares during the last quarter. California Public Employees Retirement System grew its stake in shares of 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 acquiring an additional 1,041,145 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Palo Alto Networks during the third quarter worth $162,161,000. Institutional investors and hedge funds own 79.82% of the company’s stock.

Insider Activity

In other news, EVP Lee Klarich sold 120,768 shares of the business’s stock in a transaction that occurred on Thursday, January 8th. The stock was sold at an average price of $191.03, for a total value of $23,070,311.04. Following the transaction, the executive vice president directly owned 298,887 shares of the company’s stock, valued at $57,096,383.61. The trade was a 28.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Josh D. Paul sold 800 shares of the stock in a transaction that occurred on Friday, January 2nd. The stock was sold at an average price of $184.81, for a total value of $147,848.00. Following the sale, the chief accounting officer owned 46,005 shares in the company, valued at approximately $8,502,184.05. This trade represents a 1.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 144,252 shares of company stock worth $26,947,635. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PANW. BMO Capital Markets reduced their target price on shares of Palo Alto Networks from $230.00 to $200.00 and set an “outperform” rating for the company in a research note on Wednesday, February 18th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $250.00 target price on shares of Palo Alto Networks in a research report on Wednesday, February 18th. The Goldman Sachs Group decreased their price target on shares of Palo Alto Networks from $240.00 to $224.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Needham & Company LLC lowered their price target on shares of Palo Alto Networks from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. Finally, Mizuho set a $200.00 target price on shares of Palo Alto Networks in a research note on Wednesday, February 18th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $210.19.

Palo Alto Networks Stock Down 2.5%

Shares of Palo Alto Networks stock opened at $153.22 on Thursday. The stock has a market capitalization of $125.03 billion, a P/E ratio of 84.65, a price-to-earnings-growth ratio of 5.67 and a beta of 0.78. The company has a 50-day simple moving average of $165.85 and a 200 day simple moving average of $188.00. Palo Alto Networks, Inc. has a 12-month low of $139.57 and a 12-month high of $223.61.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Wednesday, February 18th. The network technology company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $2.59 billion for the quarter, compared to analyst estimates of $2.58 billion. Palo Alto Networks had a net margin of 12.96% and a return on equity of 17.60%. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.81 earnings per share. On average, equities analysts anticipate that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks News Summary

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

• Positive Sentiment: Prisma AIRS 3.0 launch — Palo Alto rolled out Prisma AIRS 3.0 to secure autonomous AI agents, strengthening its position in AI-native security and widening its platform coverage (helps deepen customer relationships and supports higher recurring revenue). Palo Alto Networks blog: Prisma AIRS 3.0
• Positive Sentiment: Prisma Browser / SASE adoption — Analyst commentary highlights Prisma Browser as a growth engine for PANW’s SASE strategy as enterprises look for integrated security for users, apps and cloud — a tailwind for subscription and platform expansion. Zacks: Prisma Browser and SASE growth
• Positive Sentiment: Analyst Buy rating remains — Freedom Capital Markets reiterated a Buy on PANW after strong Q2 results, signaling continued institutional conviction even as it trimmed its price target. Yahoo / Finance: Buy rating
• Neutral Sentiment: Industry narrative supports long-term demand — Market commentary frames autonomous security as a durable spending cycle benefiting incumbents like PANW; this is a strategic positive but not an immediate price catalyst on its own.
• Neutral Sentiment: Short-interest reporting anomalies — Multiple data feeds flagged a “large increase” in March short interest but show 0 shares / NaN changes, indicating unreliable or erroneous data; ambiguous near-term impact until clarified by exchanges or the data provider.
• Negative Sentiment: Near-term selling pressure — Coverage noting the stock dropped despite broader market gains points to profit-taking, valuation concerns and short-term technical weakness that are pressuring the share price today. Zacks: Stock drops despite market gains

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.