Ingalls & Snyder LLC Grows Position in Palo Alto Networks, Inc. $PANW

Ingalls & Snyder LLC boosted its position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) by 44.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,565 shares of the network technology company’s stock after purchasing an additional 6,915 shares during the period. Ingalls & Snyder LLC’s holdings in Palo Alto Networks were worth $4,618,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Whipplewood Advisors LLC lifted its stake in shares of Palo Alto Networks by 6,400.0% during the 2nd quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after acquiring an additional 128 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in Palo Alto Networks in the second quarter worth $28,000. Dagco Inc. purchased a new stake in shares of Palo Alto Networks during the first quarter valued at $33,000. WPG Advisers LLC bought a new position in shares of Palo Alto Networks in the first quarter worth about $37,000. Finally, Strategic Investment Solutions Inc. IL grew its holdings in shares of Palo Alto Networks by 58.9% in the first quarter. Strategic Investment Solutions Inc. IL now owns 224 shares of the network technology company’s stock worth $38,000 after purchasing an additional 83 shares during the last quarter. Institutional investors own 79.82% of the company’s stock.

Insider Activity at Palo Alto Networks

In other Palo Alto Networks news, EVP Nir Zuk sold 100,000 shares of Palo Alto Networks stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $172.80, for a total value of $17,280,000.00. Following the completion of the transaction, the executive vice president directly owned 3,143,516 shares of the company’s stock, valued at $543,199,564.80. The trade was a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Josh D. Paul sold 700 shares of Palo Alto Networks stock in a transaction 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 transaction, the chief accounting officer owned 32,474 shares of the company’s stock, valued at approximately $6,564,943.84. This trade represents a 2.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,315,130 shares of company stock worth $260,687,367 over the last ninety days. Company insiders own 2.50% of the company’s stock.

Palo Alto Networks Trading Up 1.0%

Shares of PANW stock opened at $217.11 on Friday. Palo Alto Networks, Inc. has a twelve month low of $144.15 and a twelve month high of $218.23. The company’s 50-day moving average price is $200.79 and its 200-day moving average price is $192.46. The stock has a market cap of $145.22 billion, a price-to-earnings ratio of 135.27, a PEG ratio of 5.16 and a beta of 0.98.

Palo Alto Networks (NASDAQ:PANW) last released its quarterly earnings results on Monday, August 18th. The network technology company reported $0.95 earnings per share for the quarter, topping 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 business had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the business posted $0.75 EPS. The company’s 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. As a group, equities research analysts predict that Palo Alto Networks, Inc. will post 1.76 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on PANW. Jefferies Financial Group set a $235.00 price objective on Palo Alto Networks in a report on Tuesday, July 29th. Guggenheim raised their target price on shares of Palo Alto Networks from $130.00 to $135.00 and gave the company a “sell” rating in a research report on Tuesday, August 19th. Mizuho increased their price objective on shares of Palo Alto Networks from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. BMO Capital Markets upped 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. Finally, Truist Financial set a $220.00 price target on Palo Alto Networks and gave the stock a “buy” rating in a research report on Tuesday, August 19th. Thirty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $217.22.

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.