Atlantic Edge Private Wealth Management LLC Has $49,000 Stock Position in Palo Alto Networks, Inc. $PANW

Atlantic Edge Private Wealth Management LLC increased its stake in Palo Alto Networks, Inc. (NASDAQ:PANW) by 36.9% during the second quarter, Holdings Channel.com reports. The fund owned 241 shares of the network technology company’s stock after buying an additional 65 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in Palo Alto Networks were worth $49,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PANW. Nuveen LLC acquired a new position in shares of Palo Alto Networks in the first quarter worth approximately $810,047,000. Kingstone Capital Partners Texas LLC acquired a new position in shares of Palo Alto Networks in the second quarter worth approximately $633,068,000. Goldman Sachs Group Inc. lifted its stake in shares of 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 worth $1,234,650,000 after acquiring an additional 2,134,735 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $662,000,000 after acquiring an additional 1,688,432 shares during the period. Finally, Vanguard Group Inc. lifted its stake in shares of 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 worth $10,712,019,000 after acquiring an additional 1,541,637 shares during the period. 79.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on PANW shares. KeyCorp downgraded Palo Alto Networks from an “overweight” rating to a “sector weight” rating in a report on Thursday, July 31st. Needham & Company LLC reiterated a “buy” rating and issued a $230.00 target price on shares of Palo Alto Networks in a report on Wednesday, September 3rd. BMO Capital Markets lifted their target price on Palo Alto Networks from $217.00 to $225.00 and gave the stock an “outperform” rating in a report on Tuesday, August 19th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Palo Alto Networks in a report on Wednesday, October 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $212.00 target price on shares of Palo Alto Networks in a report on Tuesday, August 19th. Thirty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Palo Alto Networks currently has an average rating of “Moderate Buy” and a consensus target price of $216.60.

Palo Alto Networks Stock Up 1.9%

NASDAQ PANW opened at $211.82 on Tuesday. The company has a market cap of $141.69 billion, a price-to-earnings ratio of 131.98, a P/E/G ratio of 4.94 and a beta of 0.98. Palo Alto Networks, Inc. has a 52 week low of $144.15 and a 52 week high of $217.94. The business has a 50 day moving average price of $197.67 and a 200-day moving average price of $191.00.

Palo Alto Networks (NASDAQ:PANW) last released 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. The firm had revenue of $2.54 billion during 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 company’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the previous year, the company 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 earnings per share for the current year.

Insider Activity at Palo Alto Networks

In related news, EVP Lee Klarich sold 120,774 shares of Palo Alto Networks stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $211.92, for a total transaction of $25,594,426.08. Following the transaction, the executive vice president owned 149,190 shares of the company’s stock, valued at $31,616,344.80. The trade was a 44.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Dipak Golechha sold 5,000 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $204.19, for a total value of $1,020,950.00. Following the transaction, the executive vice president directly owned 96,135 shares in the company, 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 have sold 1,315,130 shares of company stock valued at $260,687,367 over the last 90 days. Corporate 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.