Moran Wealth Management LLC increased its stake in shares of Palo Alto Networks, Inc. (NASDAQ:PANW – Free Report) by 3,826.5% during the 2nd quarter, Holdings Channel reports. The fund owned 63,688 shares of the network technology company’s stock after purchasing an additional 62,066 shares during the quarter. Moran Wealth Management LLC’s holdings in Palo Alto Networks were worth $13,033,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of PANW. Brighton Jones LLC grew its holdings in Palo Alto Networks by 147.7% during the fourth quarter. Brighton Jones LLC now owns 6,761 shares of the network technology company’s stock worth $1,230,000 after acquiring an additional 4,031 shares during the period. Bison Wealth LLC grew its holdings in Palo Alto Networks by 169.1% during the fourth quarter. Bison Wealth LLC now owns 5,212 shares of the network technology company’s stock worth $948,000 after acquiring an additional 3,275 shares during the period. GAMMA Investing LLC grew its holdings in Palo Alto Networks by 10.8% in the first quarter. GAMMA Investing LLC now owns 14,125 shares of the network technology company’s stock valued at $2,410,000 after purchasing an additional 1,374 shares during the period. Elevation Point Wealth Partners LLC grew its holdings in Palo Alto Networks by 7.4% in the first quarter. Elevation Point Wealth Partners LLC now owns 2,423 shares of the network technology company’s stock valued at $413,000 after purchasing an additional 167 shares during the period. Finally, Dynamic Advisor Solutions LLC grew its holdings in Palo Alto Networks by 5.6% in the first quarter. Dynamic Advisor Solutions LLC now owns 31,609 shares of the network technology company’s stock valued at $5,394,000 after purchasing an additional 1,688 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In related news, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.19, for a total transaction of $1,020,950.00. Following the transaction, the executive vice president owned 96,135 shares in the company, valued at approximately $19,629,805.65. This trade represents a 4.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $202.16, for a total value of $141,512.00. Following the transaction, the chief accounting officer owned 32,474 shares in the company, valued at approximately $6,564,943.84. The trade was a 2.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,315,130 shares of company stock valued at $260,687,367. 2.50% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on PANW
Palo Alto Networks Price Performance
NASDAQ PANW opened at $213.28 on Tuesday. The company has a market cap of $142.66 billion, a PE ratio of 132.88, a price-to-earnings-growth ratio of 4.96 and a beta of 0.98. The stock’s 50 day simple moving average is $193.79 and its 200-day simple moving average is $189.56. Palo Alto Networks, Inc. has a 1-year low of $144.15 and a 1-year high of $217.94.
Palo Alto Networks (NASDAQ:PANW – Get Free Report) last released its earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $2.54 billion for the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a return on equity of 17.66% and a net margin of 12.30%.The business’s quarterly revenue was up 15.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.75 earnings per share. Palo Alto Networks has set its FY 2026 guidance at 3.750-3.850 EPS. Q1 2026 guidance at 0.880-0.900 EPS. On average, equities research analysts anticipate that Palo Alto Networks, Inc. will post 1.76 EPS for the current fiscal 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.
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