Checchi Capital Advisers LLC Buys 204 Shares of Palo Alto Networks, Inc. $PANW

Checchi Capital Advisers LLC boosted its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 7.0% in the second quarter, HoldingsChannel reports. The firm owned 3,129 shares of the network technology company’s stock after acquiring an additional 204 shares during the period. Checchi Capital Advisers LLC’s holdings in Palo Alto Networks were worth $640,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PANW. Nuveen LLC bought a new stake in Palo Alto Networks in the first quarter valued at about $810,047,000. Kingstone Capital Partners Texas LLC bought a new stake in Palo Alto Networks in the second quarter valued at about $633,068,000. Goldman Sachs Group Inc. increased its holdings in Palo Alto Networks by 41.9% in the first quarter. Goldman Sachs Group Inc. now owns 7,235,406 shares of the network technology company’s stock valued at $1,234,650,000 after purchasing an additional 2,134,735 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Palo Alto Networks by 77.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,879,506 shares of the network technology company’s stock valued at $662,000,000 after purchasing an additional 1,688,432 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Palo Alto Networks by 2.5% in the first quarter. Vanguard Group Inc. now owns 62,775,544 shares of the network technology company’s stock valued at $10,712,019,000 after acquiring an additional 1,541,637 shares during the period. Institutional investors own 79.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PANW. Truist Financial set a $220.00 target price on Palo Alto Networks and gave the company a “buy” rating in a research note on Tuesday, August 19th. Guggenheim boosted their target price on Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research note on Tuesday, August 19th. Needham & Company LLC reissued a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a research note on Wednesday, September 3rd. Morgan Stanley boosted their target price on Palo Alto Networks from $210.00 to $216.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Westpark Capital reissued a “hold” rating on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Palo Alto Networks currently has a consensus rating of “Moderate Buy” and a consensus target price of $214.64.

Palo Alto Networks Stock Down 1.0%

PANW opened at $207.19 on Monday. Palo Alto Networks, Inc. has a 12-month low of $144.15 and a 12-month high of $212.10. The stock has a market cap of $138.59 billion, a price-to-earnings ratio of 129.09, a PEG ratio of 4.93 and a beta of 0.98. The business has a 50 day moving average of $190.20 and a 200-day moving average of $188.24.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm posted $0.75 earnings per share. The business’s revenue was up 15.8% on a year-over-year basis. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. As a group, analysts expect that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Lee Klarich sold 120,774 shares of the firm’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was 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 directly owned 177,954 shares of the company’s stock, valued at $34,008,788.94. This trade represents a 40.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO Josh D. Paul sold 700 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $202.16, for a total value of $141,512.00. Following the completion of the sale, the chief accounting officer directly owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,194,356 shares of company stock valued at $235,092,941. Insiders own 2.50% of the company’s stock.

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.