Palo Alto Networks, Inc. (PANW) Stock Price & Analysis
Palo Alto Networks, Inc. (PANW) closed at USD 354.92 on Thursday, October 22, 2026, up 2.21% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 347.25; the Oct 22, 2026 session ranged USD 352.24–366.23 on volume of 7,313,452 shares. Market capitalization is $290.32B, with a 52-week range of USD 139.57–432.33 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:28 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PANW.md
Key facts (PANW)
- Last four reported quarters (through Jul 31, 2026): revenue $11.5B, net income $307M (2.7% margin), free cash flow $4.11B (SEC filings).
- Valuation: P/E 945.7x (avg 326.3x at the last 3 fiscal year-ends), EV/EBITDA 186.5x, net cash $1.30B.
- 2 of 80 tracked superinvestors hold PANW (13F, Q2 2026): 1 new, 1 added, 0 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 21 Form 4 filings, $48.3M; 12 not under a Rule 10b5-1 plan ($18.3M); 0 by opportunistic insiders, 15 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Total return with dividends: 1Y +65.1% vs S&P 500 +14.9%; 5Y +322.4% vs S&P 500 +80.3%.
- Next earnings: 2026-11-19, EPS estimate USD 0.97, revenue estimate $3.31B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (PANW)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $5.50B | $6.89B | $8.03B | $9.22B | $11.5B | $11.5B |
| Gross profit | $3.78B | $4.98B | $5.97B | $6.77B | $8.08B | — |
| Operating income | -$189M | $387M | $684M | $1.24B | $695M | $695M |
| Net income | -$267M | $440M | $2.58B | $1.13B | $307M | $307M |
| EPS (diluted) | -$0.45 | $0.64 | $3.64 | $1.60 | $0.40 | — |
| Free cash flow | $1.79B | $2.63B | $3.10B | $3.47B | $4.11B | $4.11B |
| Gross margin | 68.8% | 72.3% | 74.3% | 73.4% | 70.4% | — |
| Operating margin | -3.4% | 5.6% | 8.5% | 13.5% | 6.1% | 6.1% |
| Net margin | -4.9% | 6.4% | 32.1% | 12.3% | 2.7% | 2.7% |
| Revenue growth | +29.3% | +25.3% | +16.5% | +14.9% | +24.5% | — |
| Cash + short-term investments | $3.63B | $2.39B | $2.58B | $2.90B | $3.07B | — |
| Total debt | $3.68B | $1.99B | — | $0K | $1.77B | — |
Fiscal years end Jul. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (PANW)
P/E 945.7x · P/S 25.3x · EV/EBITDA 186.5x · EV/Sales 25.2x · P/FCF 70.6x · P/B 10.6x · FCF yield 1.42% · Earnings yield 0.11% · Net cash $1.30B · EV $289B
P/E at fiscal year-ends: Jul 2026 825.8x, Jul 2025 108.5x, Jul 2024 44.6x.
Superinvestors (SEC 13F-HR, Q2 2026) (PANW)
2 of 80 tracked investors hold PANW. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 1.88% | $205M | Added +12.6% |
| Lee Ainslie | Maverick Capital | 0.01% | $1.2M | New position |
Insider sales (SEC Form 4, open-market, last ~7 months) (PANW)
9 of 21 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-10-09 | Bawa Aparna | Director | 250 | $103K | 4% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-10-01 | Paul Josh D. | Chief Accounting Officer | 400 | $158K | 0.5% | Yes (adopted September 17, 2025) | Routine (sold in Mar & Apr & Jun & Jul & Aug & Sep & Nov & Dec each year 2023–2025; this trade is outside those months) |
| 2026-09-24 | Golechha Dipak | EVP, Chief Financial Officer | 27,500 | $10.8M | 18.9% | Yes (adopted June 25, 2026) | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-09-24 | Bawa Aparna | Director | 260 | $102K | 4% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-09-17 | Goetz James J | Director | 20,000 | $7.5M | 6% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-09-14…2026-09-15 | Bawa Aparna | Director | 1,500 | $562K | 18.6% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-09-14 | Key John P. | Director | 2,500 | $940K | 20% | No | Too little history (no open-market trades in 2025) |
| 2026-09-01 | Paul Josh D. | Chief Accounting Officer | 900 | $336K | 1.2% | Yes (adopted September 17, 2025) | Routine (sold in Mar & Apr & Jun & Jul & Aug & Sep & Nov & Dec each year 2023–2025) |
| 2026-08-25 | Paul Josh D. | Chief Accounting Officer | 900 | $318K | 1.2% | Yes (adopted September 17, 2025) | Routine (sold in Mar & Apr & Jun & Jul & Aug & Sep & Nov & Dec each year 2023–2025) |
| 2026-07-07 | Thorning-Schmidt Helle | Director | 700 | $243K | 10.6% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-07-01 | Paul Josh D. | Chief Accounting Officer | 900 | $311K | 1.1% | Yes (adopted September 17, 2025) | Routine (sold in Mar & Apr & Jun & Jul & Aug & Sep & Nov & Dec each year 2023–2025) |
| 2026-06-29…2026-07-01 | Bawa Aparna | Director | 922 | $303K | 10.2% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-06-23 | Golechha Dipak | EVP, Chief Financial Officer | 5,000 | $1.4M | 3.3% | Yes (adopted December 5, 2025) | Routine (sold in Dec each year 2023–2025; this trade is outside those months) |
| 2026-06-22 | Bawa Aparna | Director | 345 | $100K | 3.7% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-06-12 | Goetz James J | Director | 20,000 | $5.6M | 5.6% | No | Too little history (no open-market trades in 2023 or 2024) |
| 2026-06-10…2026-06-12 | Bawa Aparna | Director | 1,468 | $400K | 13.6% | No | Routine (sold in May each year 2023–2025; this trade is outside those months) |
| 2026-06-12 | Key John P. | Director | 7,500 | $2.1M | 37.5% | No | Too little history (no open-market trades in 2025) |
| 2026-06-01 | Paul Josh D. | Chief Accounting Officer | 1,100 | $314K | 1.3% | Yes (adopted September 17, 2025) | Routine (sold in Mar & Apr & Jun & Jul & Aug & Sep & Nov & Dec each year 2023–2025) |
| 2026-05-22 | Klarich Lee | EVP Chief Product & Tech Ofcr | 62,904 | $16.3M | 6.7% | Yes (adopted December 11, 2025) | Routine (sold in Jan & Feb & Mar & Apr & May & Jun & Jul & Aug & Sep & Oct & Nov & Dec each year 2023–2025) |
| 2026-05-20 | Paul Josh D. | Chief Accounting Officer | 400 | $95K | 0.5% | Yes (adopted September 17, 2025) | Routine (sold in Mar & Apr & Jun & Jul & Aug & Sep & Nov & Dec each year 2023–2025; this trade is outside those months) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (PANW)
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-15 | Citigroup | Target raised | Buy | $410 → $440 |
| 2026-10-13 | Wells Fargo | Target raised | Overweight | $475 → $525 |
| 2026-10-08 | Amerx | Initiated | Hold | |
| 2026-10-02 | TD Cowen | Target raised | Buy | $400 → $440 |
| 2026-09-28 | BTIG | Target raised | Buy | $404 → $425 |
| 2026-09-21 | Morgan Stanley | Target raised | Overweight | $394 → $410 |
| 2026-09-17 | Bernstein | Downgrade | Outperform → Market Perform | $253 → $351 |
| 2026-09-03 | Argus Research | Reiterated | Buy | $425 |
| 2026-09-02 | Citigroup | Target raised | Buy | $400 → $410 |
| 2026-09-02 | Roth Capital | Target raised | Neutral | $210 → $300 |
| 2026-09-02 | Oppenheimer | Target raised | Outperform | $400 → $450 |
| 2026-09-02 | Piper Sandler | Target raised | Overweight | $345 → $410 |
Total return (dividends reinvested) (PANW)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +65.1% | +322.4% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +65.3% | +33.3% |
| Volatility (annualized) | 48.9% | 42.7% |
| Max drawdown | -36.0% (Oct 2025→Feb 2026) | -35.5% (Apr 2022→Jan 2023) |
Companies that name PANW in their SEC reports
| Relationship to PANW | Company | Filing | Sentence |
|---|---|---|---|
| partner | Nutanix, Inc. (NTNX) | 10-K Sep 18, 2026 | “We have also developed and announced strategic technology partnerships that bring together best-in-class solutions across the ecosystem into integrated offerings and demonstrated interoperability and support for our customers, including partnerships with Advanced Micro Devices, Inc., Citrix Systems, Inc., Intel Corporation, NVIDIA Corporation, Omnissa, LLC, and Palo Alto Networks, Inc. In addition, we work closely…” |
PANW analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $0.97 | $0.94 | +3.6% | $3.31B | 45 |
| Next quarter (ends Jan 2027) | $0.43 | $0.47 | -8.7% | $3.42B | 16 |
| Current fiscal year (ends Jul 2027) | $4.19 | $4.13 | +1.5% | $14.17B | 54 |
| Next fiscal year (ends Jul 2028) | $2.21 | $2.29 | -3.3% | $16.23B | 18 |
Key Statistics (as of October 23, 2026 at 09:28 UTC)
| Price | USD 354.92 |
|---|---|
| Change | ▲ 2.21% (up) |
| Previous Close | USD 347.25 |
| Open | USD 355 |
| Day Range | USD 352.24 – 366.23 |
| 52-Week Range | USD 139.57 – 432.33 |
| Volume | 7,313,452 shares |
| Market Cap | $290.32B |
| Exchange | NMS |
Technical Analysis (PANW)
Nexqual's technical model rates PANW "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:28 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 45.65 (neutral) |
| vs SMA50 | Below (USD 370.66) |
| MACD | -6.5 (negative) |
Earnings (PANW)
| Next Earnings Date | 2026-11-19 |
|---|---|
| EPS Estimate | USD 0.97 |
| Revenue Estimate | $3.31B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 1.02 vs est 0.98 ▲ beat |
| 2026-04-30 | USD 0.85 vs est 0.8 ▲ beat |
| 2026-01-31 | USD 1.03 vs est 0.94 ▲ beat |
| 2025-10-31 | USD 0.93 vs est 0.89 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financials & Fundamentals (PANW)
| Total Revenue | $11.48B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +34.50% |
| Gross Margin | +70.38% |
| Operating Margin | +5.40% |
| Profit Margin | +2.67% |
| ROE | +1.74% |
| Debt / Equity | 0.09 |
| Current Ratio | 0.87 |
| Total Cash | $3.07B |
| Total Debt | $2.57B |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $4.11B (35.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Financial Health Score (PANW)
Nexqual rates Palo Alto Networks, Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:28 UTC.
| Growth | Solid — Revenue +15% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 70%, operating 5% (last 12 months) |
| Balance Sheet | Solid — $3.07B cash and investments vs $1.77B debt (Jul 2026, SEC), net cash |
| Cash Flow | Strong — FCF $4.11B (last 4 quarters to Jul 2026, SEC), 36% margin |
| Efficiency | Weak — ROE 2%, ROA 1.4% |
Ownership (PANW)
| Insider Ownership | +0.75% |
|---|---|
| Institutional Ownership | +84.18% |
| Shares Outstanding | 818.00M |
| Float | 811.37M |
| Short % of Float | +2.66% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Leadership (PANW)
Palo Alto Networks, Inc. is led by Nikesh Arora C.F.A., Chairman & CEO, per Nexqual as of October 23, 2026 at 09:28 UTC.
| Chairman & CEO | Nikesh Arora C.F.A. |
|---|---|
| President | William D. Jenkins |
| Executive VP & CFO | Dipak Golechha |
| Executive VP, Chief Product Officer, CTO & Director | Lee Klarich |
| Vice President of Global Communications | Nicole Hockin |
Major Backers & Investors (PANW)
Notable institutional backers of Palo Alto Networks, Inc. include Morgan Stanley, Invesco, Bank of America Corporation, according to Nexqual as of October 23, 2026 at 09:28 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Morgan Stanley | 30.23% |
| Invesco | 26.33% |
| Bank of America Corporation | 23.29% |
| JPMorgan | 22.29% |
| FMR, LLC | 20.59% |
| Fidelity | 15.98% |
| SELECT SECTOR SPDR TRT-State Street Technology Select Sector SPDR ETF | 6.05% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| State Street | 37.96% |
| Geode Capital | 20.14% |
Source: Nexqual, October 23, 2026 at 09:28 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| CRWD | CrowdStrike Holdings, Inc. | USD 237.94 | ▼ 0.58% |
| ORCL | Oracle Corporation | USD 125.54 | ▼ 2.78% |
| PLTR | Palantir Technologies Inc. | USD 196.19 | ▼ 2.74% |
| FTNT | Fortinet, Inc. | USD 172.98 | ▼ 0.61% |
| NET | Cloudflare, Inc. | USD 303.61 | ▼ 1.18% |
| SNPS | Synopsys, Inc. | USD 422.48 | ▼ 6.36% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:28 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt