Belpointe Asset Management LLC Has $2.21 Million Position in Palo Alto Networks, Inc. $PANW

Belpointe Asset Management LLC grew its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 104.5% during the 2nd quarter, Holdings Channel.com reports. The firm owned 10,793 shares of the network technology company’s stock after acquiring an additional 5,515 shares during the period. Belpointe Asset Management LLC’s holdings in Palo Alto Networks were worth $2,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of PANW. Chung Wu Investment Group LLC bought a new position in Palo Alto Networks in the 2nd quarter valued at about $205,000. Petros Family Wealth LLC grew its position in shares of Palo Alto Networks by 7.1% in the second quarter. Petros Family Wealth LLC now owns 4,000 shares of the network technology company’s stock valued at $819,000 after purchasing an additional 266 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its stake in shares of Palo Alto Networks by 0.9% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 21,242 shares of the network technology company’s stock worth $4,347,000 after purchasing an additional 191 shares during the period. Plimoth Trust Co. LLC lifted its holdings in Palo Alto Networks by 14.2% during the 2nd quarter. Plimoth Trust Co. LLC now owns 12,176 shares of the network technology company’s stock worth $2,492,000 after purchasing an additional 1,511 shares during the last quarter. Finally, Woodmont Investment Counsel LLC boosted its stake in Palo Alto Networks by 2.9% in the 2nd quarter. Woodmont Investment Counsel LLC now owns 31,028 shares of the network technology company’s stock valued at $6,350,000 after purchasing an additional 885 shares during the period. Institutional investors own 79.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Palo Alto Networks in a research report on Saturday, September 27th. Tigress Financial assumed coverage on shares of Palo Alto Networks in a research report on Friday, September 26th. They set a “buy” rating and a $245.00 price target on the stock. Stephens reissued an “equal weight” rating and issued a $205.00 price objective on shares of Palo Alto Networks in a report on Tuesday, August 19th. New Street Research raised their target price on shares of Palo Alto Networks from $235.00 to $240.00 and gave the stock a “buy” rating in a report on Friday, September 12th. Finally, DA Davidson reiterated a “buy” rating and issued a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Thirty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Palo Alto Networks presently has a consensus rating of “Moderate Buy” and an average target price of $214.64.

Insider Activity at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of the company’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $191.11, for a total transaction of $23,081,119.14. Following the completion of the transaction, the executive vice president directly owned 177,954 shares in the company, valued at $34,008,788.94. This represents a 40.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the completion of the transaction, the executive vice president directly owned 96,135 shares of the company’s stock, valued at approximately $19,629,805.65. The trade was a 4.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,194,356 shares of company stock worth $235,092,941 in the last ninety days. Insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Up 2.6%

Shares of Palo Alto Networks stock opened at $212.58 on Tuesday. The company has a market cap of $142.19 billion, a PE ratio of 132.45, a price-to-earnings-growth ratio of 4.93 and a beta of 0.98. The company has a 50 day moving average of $190.36 and a 200-day moving average of $188.45. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $213.85.

Palo Alto Networks (NASDAQ:PANW) last announced its quarterly earnings data on Monday, August 18th. The network technology company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.89 by $0.06. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The business had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the business earned $0.75 earnings per share. The company’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. Research analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

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.