Assetmark Inc. Increases Position in Palo Alto Networks, Inc. $PANW

Assetmark Inc. raised its position in Palo Alto Networks, Inc. (NASDAQ:PANW) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 93,073 shares of the network technology company’s stock after purchasing an additional 4,195 shares during the period. Assetmark Inc.’s holdings in Palo Alto Networks were worth $14,922,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of PANW. Norges Bank purchased a new position in Palo Alto Networks in the fourth quarter valued at $1,415,364,000. Vanguard Group Inc. lifted its holdings in Palo Alto Networks by 4.1% during the 4th quarter. Vanguard Group Inc. now owns 67,929,063 shares of the network technology company’s stock worth $12,512,533,000 after buying an additional 2,659,100 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Palo Alto Networks by 1,665.1% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,761,909 shares of the network technology company’s stock worth $442,788,000 after acquiring an additional 2,605,433 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Palo Alto Networks by 11.9% during the 4th quarter. Bank of America Corp DE now owns 19,375,486 shares of the network technology company’s stock worth $3,568,964,000 after acquiring an additional 2,065,776 shares in the last quarter. Finally, Employees Provident Fund Board purchased a new position in shares of Palo Alto Networks in the 4th quarter valued at about $281,542,000. 79.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Josh D. Paul sold 1,100 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $285.08, for a total value of $313,588.00. Following the transaction, the chief accounting officer owned 81,636 shares of the company’s stock, valued at approximately $23,272,790.88. The trade was a 1.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John P. Key sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $279.24, for a total value of $2,094,300.00. Following the sale, the director owned 12,500 shares of the company’s stock, valued at $3,490,500. This trade represents a 37.50% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 101,239 shares of company stock worth $27,174,360. 1.40% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on PANW shares. Argus raised their target price on Palo Alto Networks from $222.00 to $320.00 in a research report on Friday, June 5th. Needham & Company LLC upped their price target on Palo Alto Networks from $350.00 to $425.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Palo Alto Networks from $220.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Susquehanna reissued a “positive” rating and set a $350.00 price objective (up from $200.00) on shares of Palo Alto Networks in a report on Wednesday, June 3rd. Finally, Wolfe Research restated an “outperform” rating and set a $320.00 price objective on shares of Palo Alto Networks in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, forty have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $327.74.

Palo Alto Networks Stock Performance

NASDAQ PANW opened at $358.68 on Monday. The firm’s fifty day moving average is $290.04 and its two-hundred day moving average is $212.48. Palo Alto Networks, Inc. has a one year low of $139.57 and a one year high of $368.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $292.32 billion, a PE ratio of 294.00, a P/E/G ratio of 13.32 and a beta of 0.91.

Palo Alto Networks (NASDAQ:PANW) last announced its 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 business had revenue of $3 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $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. Analysts expect that Palo Alto Networks, Inc. will post 2.03 earnings per share for the current year.

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.