King Wealth Management Group Invests $226,000 in Palo Alto Networks, Inc. $PANW

King Wealth Management Group acquired a new position in shares of Palo Alto Networks, Inc. (NASDAQ:PANW) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,106 shares of the network technology company’s stock, valued at approximately $226,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Whipplewood Advisors LLC increased its position in shares of Palo Alto Networks by 6,400.0% during the second quarter. Whipplewood Advisors LLC now owns 130 shares of the network technology company’s stock worth $27,000 after purchasing an additional 128 shares in the last quarter. Briaud Financial Planning Inc acquired a new stake in shares of Palo Alto Networks in the 2nd quarter worth $28,000. Dagco Inc. purchased a new position in Palo Alto Networks during the 1st quarter worth $33,000. WPG Advisers LLC acquired a new position in Palo Alto Networks during the 1st quarter valued at about $37,000. Finally, Strategic Investment Solutions Inc. IL raised its stake in 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 valued at $38,000 after buying an additional 83 shares during the last quarter. Hedge funds and other institutional investors own 79.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on PANW shares. DA Davidson restated a “buy” rating and set a $215.00 price target on shares of Palo Alto Networks in a research note on Tuesday, August 19th. Rosenblatt Securities lowered their target price on shares of Palo Alto Networks from $235.00 to $215.00 and set a “buy” rating for the company in a research note on Thursday, August 14th. Bank of America upped their price target on shares of Palo Alto Networks from $215.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, October 20th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $250.00 price target (up previously from $235.00) on shares of Palo Alto Networks in a report on Tuesday. Finally, Needham & Company LLC reissued a “buy” rating and set a $230.00 price objective on shares of Palo Alto Networks in a report on Wednesday, September 3rd. Twenty-nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $220.95.

Insider Buying and Selling

In related news, CEO Nikesh Arora sold 846,408 shares of Palo Alto Networks stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $204.06, for a total transaction of $172,718,016.48. Following the completion of the transaction, the chief executive officer directly owned 275,013 shares in the company, valued at approximately $56,119,152.78. This trade represents a 75.48% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Dipak Golechha sold 5,000 shares of the business’s 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 completion of the transaction, the executive vice president directly owned 96,135 shares of the company’s stock, valued at $19,629,805.65. The trade was a 4.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 1,215,830 shares of company stock worth $249,160,428. Corporate insiders own 2.50% of the company’s stock.

Palo Alto Networks Price Performance

PANW stock opened at $204.77 on Friday. The company has a market capitalization of $140.06 billion, a P/E ratio of 127.58, a price-to-earnings-growth ratio of 4.99 and a beta of 0.95. Palo Alto Networks, Inc. has a 12 month low of $144.15 and a 12 month high of $223.61. The firm’s fifty day simple moving average is $208.86 and its 200-day simple moving average is $196.90.

Palo Alto Networks (NASDAQ:PANW) last posted its earnings results 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. The company had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.50 billion. Palo Alto Networks had a net margin of 12.30% and a return on equity of 17.66%. The firm’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period in the previous year, the firm 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. As a group, sell-side analysts forecast that Palo Alto Networks, Inc. will post 1.76 earnings per share for the current year.

Palo Alto Networks Profile

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.