Ergawealth Advisors Inc. Makes New $202,000 Investment in Palo Alto Networks, Inc. $PANW

Ergawealth Advisors Inc. acquired a new stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 986 shares of the network technology company’s stock, valued at approximately $202,000.

A number of other large investors have also bought and sold shares of PANW. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Palo Alto Networks during the first quarter worth $261,000. Strive Asset Management LLC increased its holdings in Palo Alto Networks by 16.6% during the 1st quarter. Strive Asset Management LLC now owns 2,099 shares of the network technology company’s stock worth $358,000 after purchasing an additional 299 shares in the last quarter. GAMMA Investing LLC increased its holdings in Palo Alto Networks by 10.8% during the 1st quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock worth $2,410,000 after purchasing an additional 1,374 shares in the last quarter. Czech National Bank raised its stake in shares of Palo Alto Networks by 6.4% in the 2nd quarter. Czech National Bank now owns 161,840 shares of the network technology company’s stock valued at $33,119,000 after purchasing an additional 9,766 shares during the period. Finally, Avity Investment Management Inc. lifted its holdings in shares of Palo Alto Networks by 37.9% in the second quarter. Avity Investment Management Inc. now owns 181,691 shares of the network technology company’s stock valued at $37,181,000 after purchasing an additional 49,971 shares in the last quarter. 79.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PANW has been the subject of a number of research reports. Tigress Financial initiated coverage on Palo Alto Networks in a report on Friday, September 26th. They set a “buy” rating and a $245.00 price objective for the company. JMP Securities reaffirmed a “market outperform” rating and set a $212.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. KeyCorp lowered shares of Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a research report on Thursday, July 31st. Scotiabank raised their target price on shares of Palo Alto Networks from $225.00 to $228.00 and gave the company a “sector outperform” rating in a research report on Tuesday, August 19th. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $232.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and an average target price of $214.64.

Palo Alto Networks Trading Down 1.0%

Shares of NASDAQ PANW opened at $207.19 on Friday. The firm has a market cap of $138.59 billion, a P/E ratio of 129.09, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. The business’s 50 day moving average is $190.20 and its 200-day moving average is $188.21. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $212.10.

Palo Alto Networks (NASDAQ:PANW) last posted its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The firm had revenue of $2.54 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter last year, the business earned $0.75 EPS. The company’s quarterly revenue was up 15.8% compared to the same quarter last year. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. Analysts forecast that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Insiders Place Their Bets

In other Palo Alto Networks news, EVP Lee Klarich sold 120,774 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total value of $23,081,119.14. Following the completion of the sale, the executive vice president owned 177,954 shares of the company’s stock, valued at $34,008,788.94. The trade was a 40.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total transaction of $141,512.00. Following the transaction, the chief accounting officer directly owned 32,474 shares in the company, valued at $6,564,943.84. This represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,315,130 shares of company stock worth $259,351,606. 2.50% of the stock is currently owned by insiders.

About Palo Alto Networks

Palo Alto Networks, Inc provides cybersecurity solutions worldwide. The company offers firewall appliances and software; and Panorama, a security management solution for the global control of network security platform as a virtual or a physical appliance. It also provides subscription services covering the areas of threat prevention, malware and persistent threat, URL filtering, laptop and mobile device protection, DNS security, Internet of Things security, SaaS security API, and SaaS security inline, as well as threat intelligence, and data loss prevention.